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PlantX $VEGA.ca announces project with Iris Construction Management to design and build franchise brick and mortar PlantX shops across North America $BYND $TSN $CAG $FMCI $VERY $MEAT

Posted by AGORACOM-JC at 8:44 AM on Tuesday, October 20th, 2020
PlantX | LinkedIn
  • Company has entered into an agreement with Iris Construction Managementto design and build PlantX’s flagship brick and mortar shop, Liv Marketplace, in San Diego and future franchises across North America
  • Partnership will allow PlantX to continue expanding its category verticals with franchise brick and mortar locations
  • In addition to construction, Iris will help create turnkey solutions for potential PlantX franchisees looking to seamlessly add a cafe, shop, or any other planned features
  • Each PlantX location is expected to also contain a plant-based education center, following in the footsteps of industry juggernauts Amazon(NASDAQ: AMZN), Apple (NASDAQ: AAPL)and Tesla (NASDAQ: TSLA)

VANCOUVER, BC, Oct. 20, 2020 – PlantX Life Inc. (the “Company” or “PlantX“) (CSE: VEGA) (Frankfurt: WNT1), is pleased to announce that the Company has entered into an agreement with Iris Construction Management (“Iris“) to design and build PlantX’s flagship brick and mortar shop, Liv Marketplace, in San Diego and future franchises across North America.

The partnership will allow PlantX, the one-stop-shop for everything plant-based and the digital face of the plant-based community, to continue expanding its category verticals with franchise brick and mortar locations. In addition to construction, Iris will help create turnkey solutions for potential PlantX franchisees looking to seamlessly add a cafe, shop, or any other planned features. Each PlantX location is expected to also contain a plant-based education center, following in the footsteps of industry juggernauts Amazon(NASDAQ: AMZN), Apple (NASDAQ: AAPL)and Tesla (NASDAQ: TSLA).

In an effort to replicate the strategy of the wildly successful Canadian health food franchise, Copper Branch, PlantX plans to grow its high-end, plant-based, easy access meal offerings and products in a growing North American plant-based market already estimated to be worth US$4.5 billion.1  

Similar to its extensive digital platforms, www.PlantX.com and www.PlantX.ca, the brick and mortar franchises will allow consumers to purchase everything that is available on the website including plant-based vitamins and supplements from Stay Wyld Organics, groceries like Mid-Day Squares plant-based chocolate bars and Minor Figures oat milk, PlantX-branded water and plant-based pet products. Each brick and mortar location is also expected to feature a coffee shop and restaurant with plant-based meals created by Los Angeles based chef, Gregg Drusinsky.

Iris is the one-stop-shop for all commercial construction needs. Iris specializes in design, planning, budgeting, tendering selection, money management, and quality control. With over thirty years of experience in the industry, its knowledgeable team identifies the vulnerable areas of any project and provides creative solutions to keep its clients on time and on budget.

Iris has delivered projects up to 120,000 sq ft in size and up to $1.6B in cost. Iris not only offers high quality engineering and accounting, but offers education to their clients along the way. Iris takes pride in designing its projects right the first time, executing a customized management model that will optimize their clients’ time and money.

“We are very happy to be working with Iris to design and build our flagship shop,” said Julia Frank, PlantX CEO. “The brick and mortar location and future franchises will be an important extension of our brand identity and we know they will deliver.”

“Our concept will allow business owners who have cafes, stores, etc. to join a multi-billion dollar industry pretty much overnight,” said Sean Dollinger, PlantX founder. “We invite anyone who is interested in starting a franchise to join the movement. Even if people have 500 sq ft of temp space, we have a model that works for them.”

“Iris has had nothing short of an incredible experience working with the entire PlantX team,” said Tatiana Ursulyak, Iris COO. “We have worked with a plethora of brands from inception to completion across the globe, and PlantX truly stands out as a unique, in-demand franchise option. Our team looks forward to working with PlantX on their expansion across North America to ensure all projects stay on time and on budget.”

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 the PlantX brand. 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 PlantX Life Inc.

As the digital face of the plant-based community, PlantX’s platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the Company 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. The Company 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.

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 designing and building of Liv Marketplace and future brick and mortar locations across North America, thecontinued expansion of the Company’s category verticals with brick and mortar locations, the offering of high-end, plant-based, easy access meals and products through the Company’s future brick and mortar locations, the inclusion of a plant-based education center in all of the Company’s future brick and mortar locations, the offering and availability of all of its online products at the Company’s future brick and mortar locations, the featuring of a coffee shop and a restaurant with plant-based meals made by Gregg Drusinsky at the Company’s future brick and mortar locations, the Company continuing to secure partnerships across North America 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.

_____________
https://www.supermarketnews.com/consumer-trends/retail-sales-plant-based-foods-surge

PlantX $VEGA.ca joins 38.4 billion USD North American pet food industry by launching pet food vertical with #Kirtana Inc. products $BYND $TSN $CAG $FMCI $VERY $MEAT

Posted by AGORACOM-JC at 8:48 AM on Friday, October 9th, 2020
PlantX | LinkedIn
  • Announced that the Company’s ecommerce platform www.PlantX.com and www.PlantX.ca will begin featuring pet food products from Kirtana Inc.
  • The products PlantX will offer from Kirtana Inc. on its digital platform www.PlantX.com are all ethical and eco-friendly. The key ingredients used in the products include oats, maize, soy, pea protein, and sunflower seeds
  • “Launching the pet food section of PlantX.com with Kirtana Inc. products is very exciting,” said Sean Dollinger, PlantX founder. “Now we can offer a plant-based lifestyle to both human consumers and their pets.”

VANCOUVER, BC, Oct. 9, 2020  – PlantX Life Inc. (the “Company” or “PlantX“) (CSE: VEGA) (Frankfurt: WNT1) is pleased to announce that the Company’s ecommerce platform www.PlantX.com and www.PlantX.ca will begin featuring pet food products from Kirtana Inc.

PlantX adds plant-based pet food (CNW Group/PlantX Life Inc.)

The addition of plant-based pet foods 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. The Kirtana Inc. pet food offerings will be available to order in the new pet food section of the Company’s ecommerce platform PlantX.ca/vegan-pet-food.

PlantX is now able to offer a variety of pet food products from Kirtana Inc. including Evolution Diet, Ami and Benevo brands, featuring plant-based dry kibble formulas, an assortment of wet food in cans, and delicious vegan bone treats. Ami cat formula is well recognized among cat guardians, while Benevo offers a unique organic formula. Evolution Diet provides nutrition for dogs and cats of all life-stages with non-GMO and organic formulas.

The products PlantX will offer from Kirtana Inc. on its digital platform www.PlantX.com are all ethical and eco-friendly. The key ingredients used in the products include oats, maize, soy, pea protein, and sunflower seeds. The products have been formulated in accordance with AAFCO/FEDIAF nutritional standards to ensure that cats and dogs get 100% of the nutrients that they need to be healthy and thrive.

“Launching the pet food section of PlantX.com with Kirtana Inc. products is very exciting,” said Sean Dollinger, PlantX founder. “Now we can offer a plant-based lifestyle to both human consumers and their pets.”

“By adding pet food to the website, we have touched on a product that is meaningful around the world. We are very proud to be partnering with Kirtana Inc. It’s refreshing to know that the PlantX team goes through a lengthy process before partnering with brands. I am proud to invest in a company like PlantX that ensures all partners live up to these standards,” said Morris Hoffman, PlantX shareholder.

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

About PlantX Life Inc.

As the digital face of the plant-based community, PlantX’s platform is the one-stop-shop for everything plant-based. With its fast growing category verticals, the Company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the Company 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. The Company 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.

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 offering and availability of Kirtana Inc. products in the pet food section of the Company’s ecommerce platform, 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 PlantX Life Inc.

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.