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Vegaste Technologies Corp. $VEGA.ca to offer #Odacité products in newly launched plant-based cosmetics section of online store $BYND $TSN $CAG $FMCI $VERY $MEAT

Posted by AGORACOM-JC at 8:40 AM on Monday, September 28th, 2020
PlantX | LinkedIn
  • Company’s e-commerce platform www.PlantX.com will begin featuring plant-based cosmetics products from Odacité
  • Odacité came to life when founder, Valérie Grandury, wanted to stop exposing herself to the potentially harmful ingredients found in mainstream health and beauty products, starting with skincare
  • “We are very excited to launch PlantX’s cosmetics section, as we believe it is a massive vertical for a plant-based company,” said Julia Frank , Vegaste’s CEO. “Offering cruelty-free skincare products that are free of toxins and chemicals is very important to us.”

VANCOUVER, BC , Sept. 28, 2020  – Vegaste Technologies Corp. (the ” Company ” or ” Vegaste “) (CSE: VEGA ) (Frankfurt: WNT1), is pleased to announce that the Company’s e-commerce platform www.PlantX.com will begin featuring plant-based cosmetics products from Odacité.

The addition allows PlantX, the digital face of the plant-based community and the one-stop-shop for everything plant-based, to further expand its category verticals, which includes or will soon include plant-based vitamins and supplements from Stay Wyld Organics, pre-made meals from LA-based chef Gregg Drusinsky , groceries like Mid-Day Squares plant-based chocolate bars and Minor Figures oat milk, and the Company’s own PlantX Canadian glacial water.

PlantX’s new cosmetics section https://plantx.com/cosmetics/ will offer consumers plant-based skincare products derived from botanical extracts as opposed to the chemical compounds, toxins and synthetics found in traditional cosmetics. The site’s selection of skincare products will be of natural origin including fragrances and colorants. The Company will launch with plant-based products from Odacité followed by products from Earth Kiss, Clearly Natural and The Honest Company with plans to add many more.

Odacité came to life when founder, Valérie Grandury, wanted to stop exposing herself to the potentially harmful ingredients found in mainstream health and beauty products, starting with skincare. Unwilling to sacrifice performance for the sake of purity, she had the daring to combine the best of two worlds: the research and expertise associated with French skincare with the healthy and green California lifestyle. Odacité hand-selects each ingredient in its products to ensure sustainability, freshness and quality and promises results-driven, GMO-free and cruelty-free skincare products.

“We are very excited to launch PlantX’s cosmetics section, as we believe it is a massive vertical for a plant-based company,” said Julia Frank , Vegaste’s CEO. “Offering cruelty-free skincare products that are free of toxins and chemicals is very important to us.”

“As a skincare company based on clinical phytotherapy and seed-to-skin remedies, we couldn’t be more excited about partnering with PlantX, the digital face of the plant-based community,” said Rheana McKim , Odacité Key Account Executive – North America . “We can’t wait to discover new recipes and restaurants on PlantX.com.”

Since its inception in October 2019 , the Company’s PlantX platform has quickly emerged as an industry leader. As the fledgling plant-based sector continues its explosive growth, the Company will be at the forefront by continually evolving and delivering new ways to expand PlantX. With its forward-looking, cutting edge approach, the Company will continue to secure significant partnerships across North America while exploring innovative ways to expand both its e-commerce capabilities and digital resources to help educate, inspire, and uplift consumers.

The Company website is http://investor.PlantX.com/ .

About Vegaste

As the digital face of the plant-based community, Vegaste’s PlantX platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company will offer customers across North America more than 10,000 plant-based products by the end of September. In addition to offering meal and indoor plant deliveries, Vegaste currently has plans underway to expand its product lines to include cosmetics, vitamins, clothing, and its own water brand — but the business is not limited to an e-commerce platform. Vegaste 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. Vegaste eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier, and happier life.

The Company’s lynchpin www.PlantX.com is the digital face of everything plant-based and fueled by the power of education and accessibility. For those who don’t have the time to cook their own healthy plant-based meals, Vegaste offers a wide array of pre-made meals curated by executive chefs and nutritionists. For those looking to learn how to cook their own plant-based meals, Vegaste offers regularly updated weekly recipes. Unlike other plant-based e-commerce companies, Vegaste has a large selection of indoor plants for sale. The site educates consumers on the benefits of a plant-based diet with a specialized blog, connects like-minded individuals with its forum, and provides resources for the best plant-based restaurants, pop-up retailers and products across Canada and the USA .

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained herein includes statements regarding the products to be available on the Company’s PlantX e-commerce platform and the Company’s business and strategic plans.

By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the Company’s ability to secure additional commercial partnerships for products, the Company’s ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; the risks inherent in having a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.

Additional risk factors can also be found in the Company’s continuous disclosure documents which have been filed on SEDAR and can be accessed at www.sedar.com . Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Vegaste Technologies Corp $VEGA.ca Agrees to Acquire Bloombox Club UK for £8 Million to Expand into the UK and Europe $BYND $TSN $CAG $FMCI $VERY $MEAT

Posted by AGORACOM-JC at 11:08 AM on Thursday, September 24th, 2020
PlantX | LinkedIn
  • Announced that the Company has agreed to acquire Bloombox Club Limited a leading UK-based e-commerce platform that sells and delivers indoor plants to their established wellness community via subscription service and online shop
  • In the last few years, Bloombox Club UK has delivered over 55,000 plants to over 24,000 customers across the UK and achieved a high 4.4 star rating on Trustpilot
  • Bloombox Club UK is currently on a C$3.9 million (£2.3 million) annual run rate (ARR) and is on target to achieve approximately C$4.5 million ((£2.3 million) in gross revenue and approximately C$2.3 million ((£1.4 million) in gross margin for its current financial year

VANCOUVER, BC, Sept. 24, 2020 – Vegaste Technologies Corp. (the ” Company ” or ” Vegaste “) (CSE: VEGA ) (Frankfurt: WNT1), is pleased to announce that the Company has agreed to acquire Bloombox Club Limited (” Bloombox Club UK “) a leading UK-based e-commerce platform that sells and delivers indoor plants to their established wellness community via subscription service and online shop.

Bloombox Club UK was founded by Dr. Katie Cooper in 2015 after she was working as a psychologist and saw some positive results with clients after introducing plants into her therapeutic practice. In the last few years, Bloombox Club UK has delivered over 55,000 plants to over 24,000 customers across the UK and achieved a high 4.4 star rating on Trustpilot. Bloombox Club UK is currently on a C$3.9 million (£2.3 million) annual run rate (ARR) and is on target to achieve approximately C$4.5 million ((£2.3 million) in gross revenue and approximately C$2.3 million ((£1.4 million) in gross margin for its current financial year. Bloombox Club UK packages its products in secure, environmentally conscious material and delivers them across the UK using courier firms.

Bloombox Club UK will continue to operate as a wholly owned subsidiary run by Dr. Cooper and her UK team, while leveraging the deep e-commerce and technical expertise of PlantX to drive higher conversions and accelerate expansion into Netherlands , Germany and the rest of Europe . Further, Bloombox Club UK will provide PlantX with deep industry expertise in the house plant vertical and help the Company grow in the US and Canadian markets utilizing the strategy that made them so successful in the UK.

Sean Dollinger , PlantX Founder said, “Bloombox Club UK has developed a fantastic business in the UK over the past 4-5 years and is run by a high quality team led by Dr. Cooper that we are delighted to have join the PlantX family. The acquisition provides us an immediate presence in the UK and serves as a launchpad for expansion into the rest of Europe and internationally. We have identified numerous synergies that will allow both businesses to scale and accelerate growth. We look forward to growing our future operations around the world with their help.”

“We are very excited to join the PlantX family and be part of a larger company with a bold vision. Sean and the rest of the PlantX team are aligned with the Bloombox Club team with a focus on delivering customers plant-based education and products that provide holistic health benefits both physically and mentally. We are eager to accelerate our own growth by expanding into Europe and North America while leveraging the deep e-commerce and technical skills of PlantX,” said Dr. Katie Cooper , Bloombox Club UK Founder.

PlantX will continue to source plants from Geoponics, but plans to grow its selection by having Bloombox Club UK locate additional partners where the Company can API into their inventory and provide their ecommerce platform.

Transaction Terms

Pursuant to the terms of the letter of intent between the Company and Bloombox Club UK entered into today, the Company will acquire Bloombox Club UK for an aggregate purchase price of £8 million to be satisfied by a combination of £560,000 in cash and £7,440,000 in common shares in the capital of the Company (” Common Shares “).  An aggregate of 10,782,559 Common Shares will be issued as consideration based on a deemed price of C$1.17 per share, that being equal to the immediately preceding 10 day volume weighted average trading price of the Common Shares (the ” Consideration Share Price “). The company will assume a £50,000 10 year UK government loan bearing a 2.5% interest rate as a result of the transaction. The transaction remains subject to the execution of a definitive purchase agreement, satisfactory due diligence by the Company and the receipt of all necessary governmental, corporate, and regulatory approvals. Closing is expected to occur on or about October 31, 2020 or as otherwise agreed to by the parties. There are no assurances that the acquisition of Bloombox Club UK will be completed as proposed or at all.

The Company and Bloombox Club UK are arm’s length parties to one another.

Subject to the completion of the transaction, the Company will pay a financial advisory fee equal to 10% of the value of the transaction to an arm’s length, third party financial advisor for its assistance in introducing, evaluating, and structuring the transaction for the Company.  The fee will be satisfied by a combination of cash and Common Shares of which an aggregate of 1,043,473 Common Shares at a deemed price per share equal to the Consideration Share Price will be issued to the advisor upon closing of the transaction.

Since its inception in October 2019 , the Company’s PlantX platform has quickly emerged as an industry leader. As the fledgling plant-based sector continues its explosive growth, the Company will be at the forefront by continually evolving and delivering new ways to expand PlantX. With its forward-looking, cutting edge approach, the Company will continue to secure significant partnerships across North America while exploring innovative ways to expand both its e-commerce capabilities and digital resources to help educate, inspire, and uplift consumers.

The Company website is http://investor.PlantX.com/ .

About Vegaste

As the digital face of the plant-based community, Vegaste’s PlantX platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company will offer customers across North America more than 10,000 plant-based products by the end of September. In addition to offering meal, vitamins and indoor plant deliveries, Vegaste currently has plans underway to expand its product lines to include cosmetics, clothing, and its own water brand — but the business is not limited to an e-commerce platform. Vegaste 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. Vegaste eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier, and happier life.

About Bloombox Club UK

Bloombox Club UK is a UK-based indoor plant and natural product shop and subscription company that brings indoors the great outdoors to boost its customers’ health and wellbeing. The company sources, curates, tells the story of its indoor plants and superior natural products for the home and delivers them to its customers’ doors. Bloombox Club UK has created a large and active community loyal to its brand by curating its products and educating its customers on the plants’ genus and benefits.

Forward-Looking Information and Forward-Looking Financial Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained herein includes statements regarding the terms and timing on the completion of the Company’s proposed acquisition of Bloombox Club UK, the products to be available on the Company’s PlantX e-commerce platform and the Company’s business and strategic plans.

By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the failure to negotiate and execute a definitive purchase agreement satisfactory to the respective parties, the failure to obtain all necessary corporate and regulatory approvals and general economic, market and business conditions. Other risk factors include the Company’s ability to secure additional commercial partnerships for products, the Company’s ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; the risks inherent in having a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; and foreign currency fluctuations.

This press release also contains future oriented financial outlook and financial information (collectively, ” FOFI “) within the meaning of applicable Canadian securities laws. The FOFI included herein has been approved by management of the Company as of the date hereof to demonstrate management’s current expectations regarding the future financial results of Bloombox Club UK. Management of the Company believes that the FOFI has been prepared on a reasonable basis, reflecting best estimates and judgments, and based on a number of assumptions that management believes are reasonable under the current circumstances. However, because this information is highly subjective and subject to numerous risks, including the risks discussed above, it should not be relied on as necessarily indicative of future results. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the FOFI prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although management of the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended.

The forward-looking information and FOFI contained herein are current as of the date of this press release. Except as required by law, the Company does not have any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forward-looking information or FOFI, nor does it intend, or assume any obligation, to update or revise such forward-looking information or FOFI to reflect new events or circumstances. Any and all forward-looking information and FOFI included in this news release are expressly qualified by this cautionary statement, and except as otherwise indicated, are made as of the date of this press release.

SOURCE Vegaste Technologies Corp.

Vegaste Technologies Corp. $VEGA.ca launches PlantX.ca to better serve the Canadian market $BYND $TSN $CAG $FMCI $VERY $MEAT

Posted by AGORACOM-JC at 9:32 AM on Monday, September 21st, 2020
PlantX | LinkedIn
  • Company has launched its new domain www.PlantX.ca to better serve the Canadian market
  • New .ca domain will allow PlantX, the one-stop-shop for everything plant-based and the digital face of the plant-based community, to strengthen its Canadian presence and ability to offer its growing plant-based product line to Canadian consumers using its e-commerce platform

VANCOUVER,  BC, Sept. 21, 2020 – Vegaste Technologies Corp. (the ” Company ” or ” Vegaste “) (CSE: VEGA ), is pleased to announce that the Company has launched its new domain www.PlantX.ca to better serve the Canadian market.

The new .ca domain will allow PlantX, the one-stop-shop for everything plant-based and the digital face of the plant-based community, to strengthen its Canadian presence and ability to offer its growing plant-based product line to Canadian consumers using its e-commerce platform.

The new domain www.PlantX.ca will feature a growing list of partnerships with Canadian companies including Vita Life Fresh Market and UpMeals to offer plant-based vitamins, supplements, groceries, PlantX-branded water and plant-based meals made by LA-based chef Gregg Drusinsky . In addition to its e-commerce functionality, the site will offer Canadian consumers weekly updated plant-based recipes, restaurant resources and connects like-minded users in a community forum.

“Having a “.ca” domain is very exciting for us as a Canadian-based company,” said Sean Dollinger , PlantX founder “We plan to use this as an example of what we can do around the world as we expand, continue making new partnerships, and offer the best products and experience in every market.”

“At PlantX we’ve built our online platform with a different set of inventory, shipping logistics, payment processors, and other logistics separated by region,” says Alexandra Hoffman , PlantX Chief Marketing Officer. “Dividing the company traffic among different domains makes the company’s regional logistics systems better. I work very close with our development team, and it’s so exciting to see how quickly we can deploy sites for new locations.”

Since its inception in October, 2019, the Company’s PlantX platform has quickly emerged as an industry leader. As the fledgling plant-based sector continues its explosive growth, the Company will be at the forefront by continually evolving and delivering new ways to expand PlantX. With its forward-looking, cutting edge approach, the Company will continue to secure significant partnerships across North America while exploring innovative ways to expand both its e-commerce capabilities and digital resources to help educate, inspire, and uplift consumers.

About Vegaste

As the digital face of the plant-based community, Vegaste’s PlantX platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company will offer customers across North America more than 10,000 plant-based products by the end of September. In addition to offering meal and indoor plant deliveries, Vegaste currently has plans underway to expand its product lines to include cosmetics, vitamins, clothing, and its own water brand — but the business is not limited to an e-commerce platform. Vegaste 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. Vegaste eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier, and happier life.

The Company’s lynchpin www.PlantX.com is the digital face of everything plant-based and fueled by the power of education and accessibility. For those who don’t have the time to cook their own healthy plant-based meals, Vegaste offers a wide array of pre-made meals curated by Executive Chefs and nutritionists. For those looking to learn how to cook their own plant-based meals, Vegaste offers regularly updated weekly recipes. Unlike other plant-based e-commerce companies, Vegaste has a large selection of indoor plants for sale. The site educates consumers on the benefits of a plant-based diet with a specialized blog, connects like-minded individuals with its forum, and provides resources for the best plant-based restaurants, pop-up retailers and products across Canada and the USA .

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained herein includes statements regarding the business and strategic plans of the Company.

By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the Company’s ability to secure additional commercial partnerships across North America , the Company’s ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.

Additional risk factors can also be found in the Company’s continuous disclosure documents which have been filed on SEDAR and can be accessed at www.sedar.com . Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made.

The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

The Company website is http://investor.plantx.com/ .

SOURCE Vegaste Technologies Corp.

Vegaste Technologies Corp. $VEGA.ca adds Minor Figures oat milk to its online selection $BYND $TSN $CAG $FMCI $VERY $MEAT

Posted by AGORACOM-JC at 8:58 AM on Tuesday, September 15th, 2020
PlantX | LinkedIn
  • Announce that the Company has added Minor Figures oat milk for sale on its PlantX e-commerce platform, www.PlantX.com
  • Minor Figures oat milk is a 100% plant-based, sugar-free oat milk. Using oats sourced from the UK and Belgium, Minor Figures oat milk is naturally engineered to pair well with coffee for the benefit of both baristas and consumers

VANCOUVER, BC, Sept. 15, 2020 – Vegaste Technologies Corp. (the “Company” or “Vegaste“) (CSE: VEGA) (Frankfurt: WNT1), is pleased to announce that the Company has added Minor Figures oat milk for sale on its PlantX e-commerce platform, www.PlantX.com.

The addition allows PlantX, the digital face of the plant-based community and the one-stop-shop for everything plant-based, to further expand its category verticals, which now includes or will soon include plant-based vitamins and supplements from Stay Wyld Organics, pre-made meals from LA-based chef Gregg Drusinsky, groceries like Mid-Day Squares plant-based chocolate bars, and the Company’s own PlantX Canadian glacial water.

Minor Figures oat milk is a 100% plant-based, sugar-free oat milk. Using oats sourced from the UK and Belgium, Minor Figures oat milk is naturally engineered to pair well with coffee for the benefit of both baristas and consumers. This oat milk does not split in light roast coffees like it does in other brands and when steamed, it creates a micro-foam texture that is perfect for specialty coffee drinks. The production of oat milk demands less water than cow and other animal-based milks, thereby contributing to a smaller carbon footprint during its production.

Minor Figures is a rapidly growing brand that aims to provide food products using simple, natural ingredients with few additives and without compromising on flavor or quality.

“We are very excited to include Minor Figures oat milk in our online selection,” said Sean Dollinger, PlantX Founder. “We love this brand of oat milk, the ingredients are the cleanest and it’s the best taste we’ve all had in coffee.”

“PlantX and Minor Figures not only believe in providing the best quality products to consumers, but stand committed to building socially responsible business for the sustainability of our planet” said Toby Keil, Minor Figures West Coast Sales Director.

Since its inception in October 2019, the Company’s PlantX platform has quickly emerged as an industry leader. As the fledgling plant-based sector continues its explosive growth, the Company will be at the forefront by continually evolving and delivering new ways to expand PlantX. With its forward-looking, cutting edge approach, the Company will continue to secure significant partnerships across North America while exploring innovative ways to expand both its e-commerce capabilities and digital resources to help educate, inspire, and uplift consumers.

The Company website ishttp://investor.plantx.com/.

About Vegaste

As the digital face of the plant-based community, Vegaste’s PlantX platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company will offer customers across North America more than 10,000 plant-based products by the end of September. In addition to offering meal and indoor plant deliveries, Vegaste currently has plans underway to expand its product lines to include cosmetics, vitamins, clothing, and its own water brand — but the business is not limited to an e-commerce platform. Vegaste 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. Vegaste eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier, and happier life.

The Company’s lynchpinwww.PlantX.com is the digital face of everything plant-based and fueled by the power of education and accessibility. For those who don’t have the time to cook their own healthy plant-based meals, Vegaste offers a wide array of pre-made meals curated by executive chefs and nutritionists. For those looking to learn how to cook their own plant-based meals, Vegaste offers regularly updated weekly recipes. Unlike other plant-based e-commerce companies, Vegaste has a large selection of indoor plants for sale. The site educates consumers on the benefits of a plant-based diet with a specialized blog, connects like-minded individuals with its forum, and provides resources for the best plant-based restaurants, pop-up retailers and products across Canada and the USA.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained herein includes statements regarding the Company’s expectations regarding the growth of the plant-based sector and the Company’s business and strategic plans.

By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the Company’s ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; the risks inherent in having a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.

Additional risk factors can also be found in the Company’s continuous disclosure documents which have been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

SOURCE Vegaste Technologies Corp.

Vegaste Technologies $VEGA.ca enters into a partnership agreement with Liv Marketplace LLC to build US flagship brick and mortar PlantX marketplace in San Diego

Posted by AGORACOM-JC at 9:31 AM on Monday, September 14th, 2020
PlantX | LinkedIn
  • Company has entered into a partnership agreement with Liv Marketplace LLC
  • Liv Marketplace will serve as the exclusive online fullfilment partner and retail distributor of the Company’s products in the United States.
  • In addition, Liv Marketplace will establish and operate retail stores, coffee shops and cafes in the United States under the PlantX name beginning with the Company’s first store location in San Diego, California that is scheduled to open on December 1, 2020
  • Liv Marketplace will purchase a minimum of US$25,000,000 (approximately CAD$33,000,000) of the Company’s products over a one year term for distribution in the United States

VANCOUVER, BC, Sept. 14, 2020 – Vegaste Technologies Corp. (the “Company” or “Vegaste“) (CSE: VEGA) (Frankfurt: WNT1), is pleased to announce that the Company has entered into a partnership agreement (the “Agreement“) with Liv Marketplace LLC (“Liv Marketplace”) whereby Liv Marketplace will serve as the exclusive online fullfilment partner and retail distributor of the Company’s products in the United States. In addition, Liv Marketplace will establish and operate retail stores, coffee shops and cafes in the United States under the PlantX name beginning with the Company’s first store location in San Diego, California that is scheduled to open on December 1, 2020.

Under the terms of the Agreement, Liv Marketplace will purchase a minimum of US$25,000,000 (approximately CAD$33,000,000) of the Company’s products over a one year term for distribution in the United States. In addition, Liv Marketplace will pay the Company a 6% royalty on the gross revenue generated under the Agreement. Under this model, the Company will not have to incur additional US labour costs and will virtually have no carrying costs for inventory in the US due to Liv Marketplace fulfilling online orders using its facilities and staff.

Liv Marketplace will build and operate the Company’s first brick and mortar retail location in San Diego, California. The 4,515 square foot store will be located at 3930 5th Avenue in San Diego, California and will serve as the Company’s showcase store in the United States with over 5,000 plant-based products available for purchase and bring the Company’s current Canadian meal delivery service to the United States. The store will be a working prototype where consumers will be able to shop and check out products using their mobile device via the Company’s mobile app. COVID-19 safety protocols will be implemented in the store. The store will also serve as a training center for future staff to replicate the experience for future potential franchises.

The Company plans to make available plant-based vitamins and supplements from Stay Wyld Organics, Mid-Day Squares plant-based chocolate bars, groceries from popular plant-based brands, private label products and PlantX-branded water in its retail stores. In addition, the San Diego store will include amenities such as a plant-based education center, coffee shop, a restaurant with plant-based meals made by LA-based chef Gregg Drusinsky, and grab-and-go meals from PlantX’s menu featured on PlantX.com/plan-based-meal-delivery.

“The idea is for the San Diego location to help further that community vibe we have been creating online,” said Alexandra Hoffman, the Company’s Chief Marketing Officer. “We want customers to come in and feel like they can ask anything. Education is always behind everything we do at PlantX, so this store will be a place where people can come in and find new ways to enhance their healthy lifestyles.”

“From the E-commerce side of things, heading into the holiday season we couldn’t ask for a better launch than December 1st,” said Sean Dollinger, PlantX founder.

“San Diego is the heart of diversity and all inclusion. After living here for all of my life, it is clear to say that this city radiates good energy and warmth,” said Lexi Namou, Liv Marketplace Direct of US Operations. “It’s a pleasure to expand with such an uplifting company while creating support for all plant-based lifestyles, and inspiring others who are yet to join this way of life as well. We couldn’t be more proud to expand our plant-based journey in a welcoming and supportive community.”

‘Having a brick and mortar location, especially in such a great neighborhood in San Diego, is a huge leap forward for us,” said Julia Frank, the Company’s CEO. “This is only the beginning of our expansion and will showcase the type of community we plan to build.”

Please join us for a live call to discuss this partnership in greater detail at 10:00 AM EST / 7 AM PST

https://us02web.zoom.us/j/87022573984?pwd=YzFvTUNRWXp3c3Q3Z2c5ZXhuUzdidz09

Meeting ID: 870 2257 3984

Passcode: 969854

Since its inception in October, 2019, the Company’s PlantX platform has quickly emerged as an industry leader. As the fledgling plant-based sector continues its explosive growth, the Company will be at the forefront by continually evolving and delivering new ways to expand PlantX. With its forward-looking, cutting edge approach, the Company will continue to secure significant partnerships across North America while exploring innovative ways to expand both its e-commerce capabilities and digital resources to help educate, inspire, and uplift consumers.

The Company website ishttp://investor.plantx.com/

About Vegaste

As the digital face of the plant-based community, Vegaste’s PlantX platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company will offer customers across North America more than 10,000 plant-based products by the end of September. In addition to offering meal and indoor plant deliveries, Vegaste currently has plans underway to expand its product lines to include cosmetics, vitamins, clothing, and its own water brand — but the business is not limited to an e-commerce platform. Vegaste 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. Vegaste eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier, and happier life.

The Company’s lynchpinwww.PlantX.com is the digital face of everything plant-based and fueled by the power of education and accessibility. For those who don’t have the time to cook their own healthy plant-based meals, Vegaste offers a wide array of pre-made meals curated by Executive Chefs and nutritionists. For those looking to learn how to cook their own plant-based meals, Vegaste offers regularly updated weekly recipes. Unlike other plant-based e-commerce companies, Vegaste has a large selection of indoor plants for sale. The site educates consumers on the benefits of a plant-based diet with a specialized blog, connects like-minded individuals with its forum, and provides resources for plant-based restaurants, pop-up retailers and products across Canada and the USA.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained herein includes statements regarding the Company’s plans to establish retail locations in the United States through its partner, Liv Marketplace, the opening of the Company’s first retail store in San Diego, California, the size and location of the first store, the amount of the Company’s products to be purchased by Liv Marketplace for distribution in the United States, the royalty fee to be paid to the Company by Liv Marketplace, the products to be offered in the Company’s first store, the extension of the Company’s meal delivery service into the United States, the use of the Company’s mobile app to check out products, the implementation of Covid-19 protocols in the first store, the future franchising of stores, the planned amenities in the first store, the Company’s platform emerging as an industry leader, the growth of the plant-based sector and the business and strategic plans of the Company.

By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: the Company’s ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company’s reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.

Additional risk factors can also be found in the Company’s continuous disclosure documents which have been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made.

The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

SOURCE Vegaste Technologies Corp.

VIDEO: Vegaste Technologies $VEGA.ca Closes 1st Day Of Trading With $75,000,000 Market Cap & Revenue Run Rate Of $US 3,000,000

Posted by AGORACOM-JC at 8:02 PM on Monday, August 10th, 2020
PlantX | LinkedIn

AGORACOM prides itself on becoming the discovery platform of emerging disruptive companies …. and we’ve discovered another one today in Vegaste Technologies, an e-commerce driven platform that is delivering all things plant-based to customers across Canada right now.    

Vegaste has already started with both plant-based food meals directly to homes, thanks to partnerships right across the country – but isn’t stopping there as it adds hundreds of products to the platform.  More than just lip service, Vegaste is already on a $US 3,000,000 run rate and that will probably accelerate in the coming months as marketing and additional products kick in.  

Vegaste Founder, Sean Dollinger, is no stranger to AGORACOM followers as he was the Co-Founder behind wildly successful Namaste Technologies before it fell on hard times experienced by the cannabis industry.  In addition to bringing back his immense e-commerce capabilities, he’s also implemented some valuable lessons learned at Namaste when it comes to corporate governance and share structure.  

One of those lessons was appointing Julia Frank as CEO and giving her the team necessary to focus on doing the best job possible.  Julia’s experience combines both start-up and big corporation structures thanks to being part of start-up teams within both BMW and Daimler in Germany.    

Vegaste is hot off the listing press, so if you ever wanted to get a jump on your fellow investor it doesn’t get much fresher than this ….. unless you’re ordering a plant based meal off their platform at www.PlantX.com

If you believe in the paradigm shifting nature of plant based foods, be sure to watch and share this great interview with Vegaste CEO Julia Frank CEO & Founder Sean Dollinger.