Jun 13, 2022
PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) is reporting May 2022 gross revenue of $1,541,788 with cost of goods sold for the month totaling $1,002,162 for the month as well; the gross revenue total is a $823,842 increase over the company’s May 2021 reported revenue, representing year-over-year gross revenue growth of approximately 115%. The company also noted that, given the current adverse market conditions, it will withdraw its application to list common shares on the Toronto Stock Exchange. “As we continue to experience strong monthly financial performance, I would like to highlight our team’s impressive commitment to excellence and leadership in the e-commerce plant-based space,” said PlantX CEO Lorne Rapkin in the press release. “We are so proud of PlantX’s growth trajectory and our team’s passion and hard work, which are reflected by our consistent year-over-year revenue increases. With this impressive growth in mind, we’re excited about our current efforts to build towards profitability and are confident that our impressive achievements and expansive as seen in recent announcements position us well to transition into a sustainable and profitable business in the future.”
To view the full press release, visit https://ibn.fm/BQrec
About PlantX Life Inc.
PlantX is committed to being the digital face of the plant-based community as well as the one-stop shop for everything plant based. With its fast-growing category verticals, the company offers customers across North America more than 5,000 plant-based products. In addition to offering meal and indoor-plant deliveries, the company plans to expand its product lines to include cosmetics, clothing and its own water brand. However, the business is not limited to an e-commerce platform. PLTXF uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life. For more information about this company, please visit www.PlantX.com and www.PlantX.ca.
NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF
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