Archive for the ‘Plant-Based Food’ Category
AGORACOM Small Cap 60: PlantX $VEGA $PLTXF Discusses RECORD Revenue of Over $1.5M For March $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
AGORACOM Small Cap 60: PlantX $VEGA $PLTXF Is The Revenue Generating One-Stop Shop For Everything Plant Based $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
VIDEO – PlantX Life $VEGA $PLTXF Reports RECORD Revenue of Over $1.5M For March $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
The paradigm shifting, parabolic growth of plant based foods and a plant based life is unstoppable, with the plant-based food market alone expected to reach $74.2 billion by 2027.
PlantX Life (VEGA:CSE) (PLTXF:OTCQB) Is The One Stop Shop For Everything Plant Based + The Digital Face of The Plant -Based Community More than just lip service, $VEGA reported RECORD revenues of $1,565,982 for March 2021 and $1,353,613 for February 2021.
Best of all… $VEGA is just getting started, with a line up of plant based products and services that includes:
- Plant Based Meal Delivery
- Plant Based Snack Products
- Plant Based Pet foods
- Plant Based Restaurant Locator
- Plant Based Recipes
- Plant Based Essentials …. Like Chocolate (Essential? You Bet)
- And …… Plant Based …. PLANTS (It’s A BIG Business!)
If you believe in the massive paradigm shift towards plant based foods and more, be sure to watch and share this great interview with PlantX CEO Julia Frank.
PlantX $VEGA $PLTXF Adds Refrigerated and Frozen Foods to Its Online Grocery Selection $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
- Announced the addition of perishable, refrigerated and frozen goods to its expanding repertoire of grocery items
- Company will be enhancing its product offerings by adding high-quality fresh and frozen products by various plant-based brands including Beyond Meat, Impossible Foods, Miyokos, Follow Your Heart, Gardein, Tofurkey and Alpha Foods
- This move will allow PlantX to significantly increase its product assortment at its one-stop-shop for everything plant-based e-commerce platform
VANCOUVER, BC , April 14, 2021 – PlantX Life Inc. (CSE: VEGA ) (Frankfurt: WNT1) (OTCQB: PLTXF) (” PlantX ” or the ” Company “) is pleased to announce the addition of perishable, refrigerated and frozen goods to its expanding repertoire of grocery items.
The Company will be enhancing its product offerings by adding high-quality fresh and frozen products by various plant-based brands including Beyond Meat, Impossible Foods, Miyokos, Follow Your Heart, Gardein, Tofurkey and Alpha Foods. This move will allow PlantX to significantly increase its product assortment at its one-stop-shop for everything plant-based e-commerce platform. The new items are now available to order in the ‘ Frozen ‘ and ‘ Refrigerated’ sections of the Company’s United States’ e-commerce platform . Frozen and refrigerated products will be available for shipping to Canadian customers later this year.
Temperature monitoring is crucial in ensuring the freshness of refrigerated and frozen items. A high number of touch points in the supply chain can affect temperature management due to the repeated loading and unloading or prolonged transfer time, which can therefore compromise product quality. To assist in bypassing these challenges, PlantX has partnered with a logistics provider that will deliver the new products from manufacturers to consumers’ homes in an efficient manner.
“Launching the new refrigerated and frozen product line is a natural and thrilling next step for PlantX,” said Julia Frank , PlantX CEO. “By adding such items, we are building on our efforts to create an online presence where customers can access a versatile range of high-quality products that meet their everyday needs.”
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.
The Company website is http://investor.PlantX.com/ .
Read More: https://agoracom.com/ir/PlantX/forums/discussion/topics/759022-plantx-adds-refrigerated-and-frozen-foods-to-its-online-grocery-selection/messages/2311870#message
PlantX $VEGA $PLTXF Appoints Chef Matthew Kenney as Chief Culinary Officer, Announces Partnership with Matthew Kenney Cuisine, and Intention to Acquire Plant-Based Deli, LLC $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
- Appointed Matthew Kenney , a leading plant-based chef, as its new Chief Culinary Officer.
- Kenney will combine his business acumen and vision for plant-based cuisine to revolutionize the culinary development at PlantX.
- Kenney’s leadership role in the Company will be facilitated through a new five year partnership with MK Cuisine Global LLC, Kenney’s plant-based lifestyle brand.
VANCOUVER, BC , April 13, 2021 – PlantX Life Inc. (the ” Company ” or ” PlantX “) (CSE: VEGA ) (Frankfurt: WNT1) (OTC: PLTXF) is pleased to announce that it has appointed Matthew Kenney , a leading plant-based chef, as its new Chief Culinary Officer. Kenney will combine his business acumen and vision for plant-based cuisine to revolutionize the culinary development at PlantX. Kenney’s leadership role in the Company will be facilitated through a new five year partnership with MK Cuisine Global LLC (” MKC “), Kenney’s plant-based lifestyle brand.
Further, the Company has entered into a non-binding letter of intent (the ” LOI “) dated April 12, 2021 pursuant to which the Company proposes to acquire all of the outstanding limited liability membership interests of MKC’s Plant-Based Deli, LLC (” New Deli “). The LOI contemplates the acquisition of New Deli for an aggregate purchase price of US $1,569,999 and payable by a combination of cash and common shares of the Company (the ” Transaction “). The Transaction is subject to, among other things, the negotiation and execution of a definitive purchase agreement, the completion of satisfactory due diligence, customary closing conditions, and the receipt of any applicable shareholder, regulatory and Canadian Securities Exchange (” CSE “) approvals. The price and number of consideration shares to be issued will be determined during the course of negotiating the definitive purchase agreement and will be subject to the policies of the CSE. There can be no assurance that the Transaction will be completed as contemplated or at all.
As Chief Culinary Officer, Kenney will use his experience and expertise to lead PlantX’s culinary development program by spearheading the meal delivery vertical. Kenney will also be responsible for product selection design in the Company’s plant-based portfolio. Kenney is dedicated to recipe innovation and has a focus on culinary aesthetics, which will help refine menu items within PlantX’s current repertoire. Kenney, with his business and operations experience, will also guide initiatives at the Company’s previously announced brick-and-mortar locations in San Diego, California , Squamish, British Columbia and Tel Aviv, Israel .
“We are honored and humbled to have the godfather of vegan cuisine lead an important growth segment of PlantX,” said PlantX Founder, Sean Dollinger . “Matthew will provide invaluable wisdom that should give PlantX a competitive edge in the fast-growing plant-based space.”
New Deli is MKC’s Venice Beach , California retail location. New Deli is a sustainable and plant-based neighborhood bodega offering practical, everyday retail goods that range from household supplies and personal hygiene products to frozen foods, pantry staples, snacks, beer and wine. New Deli’s mission to bring conscious, sustainable and healthy products to their community aligns with the vision for the PlantX brick-and-mortar locations currently under development.
With this new partnership and upon the completion of the Transaction, the Company’s brick-and-mortar stores will be launched as New Deli by PlantX locations, operated by MKC. MKC’s experience will allow PlantX to focus on its e-commerce operations throughout North America and Europe . Kenney and MKC will also lead the Company’s menu development and meal delivery programs as the offering expands globally.
“We are thrilled to have Matthew bring his cutting-edge vision and talent to PlantX,” said Julia Frank , PlantX CEO. “In joining PlantX as Chief Culinary Officer, he will undoubtedly transform our culinary process.”
Kenney, a renowned health and wellness educator, will help cultivate knowledge on plant-based living among PlantX customers. He will serve as an ambassador for PlantX sharing PlantX’s mission, values and milestones with his dedicated audiences.
“My team and I are thrilled to work with PlantX and expand our presence through this partnership,” said Kenney. “We are looking forward to sharing our passion and expertise with the PlantX community.”
“Our new partnership with Matthew and MKC opens the doors to a myriad of opportunities,” said Alex Hoffman , PlantX CMO. “The partnership will also catalyze our brand awareness in the plant-based community and beyond.”
To learn more about the Company’s new partnership with Matthew Kenney and MKC, please join our news conference at 10:30 a.m. EST on April 13, 2021 . To join the news conference, click here .
Read more: https://agoracom.com/ir/PlantX/forums/discussion/topics/758955-plantx-appoints-chef-matthew-kenney-as-chief-culinary-officer-announces-partnership-with-matthew-kenney-cuisine-and-intention-to-acquire-plant-based/messages/2311737#message
PlantX $VEGA $PLTXF Announces New YouTube Series to Showcase Products and Educate Consumers $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
- Announced the launch of its new YouTube series entitled “Taste This!” as the Company further expands its offering of content aimed at educating consumers on plant-based living.
- The series will be produced and hosted by Mr. Adam Kruger .
- Each episode of Taste This! will feature three different brands of the same food product which are then blind taste-tested by three individuals.
- The taste-testers will then give their opinions about the products that they tasted, which product they preferred and attempt to identify the brand.
VANCOUVER, BC , April 6, 2021 – PlantX Life Inc. (the ” Company ” or ” PlantX “) (CSE: VEGA ) (Frankfurt: WNT1) (OTCQB: PLTXF) is pleased to announce the launch of its new YouTube series entitled “Taste This!” as the Company further expands its offering of content aimed at educating consumers on plant-based living. The series will be produced and hosted by Mr. Adam Kruger . Each episode of Taste This! will feature three different brands of the same food product which are then blind taste-tested by three individuals. The taste-testers will then give their opinions about the products that they tasted, which product they preferred and attempt to identify the brand.
“Having a media presence further establishes the PlantX brand while aiding customers in their decision-making process for what to purchase online. Looking at pictures and reading ingredients is great, but being able to actually see people taste and compare different products creates excitement around the products involved,” said PlantX CEO Julia Frank . “We believe media content will increase enthusiasm for the brands being featured on the program.”
“We are so excited to launch this series. Customer education is one of our priorities, and Taste This! is exactly the quality content that will contribute to that,” said PlantX Founder Sean Dollinger . “Adam’s experience and plant-based lifestyle only enhance the production and we are thrilled to have him producing the show.”
Kruger is an on-camera and live event host, producer, podcaster and longtime vegan. Kruger hosted and produced over 150 segments for the hit lifestyle series ” This Is LA “. Most recently, he launched the podcast “Enhanced Living” which is available on major streaming platforms.
“Adam is a true professional and having him at the helm of the series brings peace of mind,” said PlantX CMO Alex Hoffman. “After conceiving this idea, I knew exactly what I wanted to create for the series. Adam brought it to life, and I can’t wait to see more.”
The series teaser can be found here . The first episode of ” Taste This! ” will air on Friday, April 9 th 2021 at 6pm PST .
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.
About Adam Kruger
Adam Kruger is a longtime vegan with over 20 years’ experience in the entertainment industry. Originally from Montréal, Adam moved to Los Angeles after completing his Bachelor of Commerce degree from the John Molson School of Business at Concordia University . Kruger has achieved success in television hosting and standup comedy, while also running a live event business of his own since 2013. Kruger has been a keynote speaker in front of thousands of people, is an avid fitness enthusiast and also completed a 200 hour comprehensive yoga and Ayurveda instructor training. Krueger has been on a plant-based diet since 2009 and became a vegan in 2016.
Read More: https://agoracom.com/ir/PlantX/forums/discussion/topics/758570-plantx-announces-new-youtube-series-to-showcase-products-and-educate-consumers/messages/2310955#message
PlantX $VEGA $PLTXF Announces Approval of Import License for Plant-Based Foods from the Canadian Food Inspection Agency $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
- Canadian Food Inspection Agency has granted PlantX with a license to import packaged plant-based products from the United States to Canada
- The operational milestone champions PlantX as a principal one-stop-shop for everything plant based and advances the Company’s plant-based movement by distributing US-manufactured packaged plant-based products to the Canadian marketplace.
VANCOUVER, BC , April 5, 2021 – PlantX Life Inc. (CSE: VEGA ) (Frankfurt: WNT1) (OTCQB: PLTXF) (” PlantX ” or the ” Company “) is pleased to announce that the Canadian Food Inspection Agency (” CFIA “) has granted PlantX with a license to import packaged plant-based products from the United States to Canada (the ” Import License “). The operational milestone champions PlantX as a principal one-stop-shop for everything plant based and advances the Company’s plant-based movement by distributing US-manufactured packaged plant-based products to the Canadian marketplace.
The Import License complements PlantX’s success in creating a diverse infrastructure of partnerships with plant-based vendors across the United States . With the Import License, the Company seeks to make the most of its partnerships within the plant-based space to increase awareness of the plant-based lifestyle by providing access to a greater selection vegan and vegetarian food choices throughout Canada . PlantX’s new operational capabilities have potential for bridging gaps between the United States and Canadian plant-based marketplaces.
“We are extremely pleased to be at the forefront of bringing US-manufactured plant-based goods to Canada ,” said Julia Frank , PlantX CEO. “The new license marks a crucial step in our expansion as leaders in the plant-based space, by ensuring that we can be first to market in Canada with plant-based brands originating in the USA .”
To obtain the Import License, PlantX had to meet rigorous food safety standards and requirements that promote the health of Canadian consumers. The Import License allows PlantX to distribute vegan and vegetarian manufactured packaged products such as vegan dairy substitutes, snack foods, processed fruits and vegetables, infant foods, nuts, grains, spices, fats and oils. PlantX strives to go above and beyond to serve the needs and health of its plant-based community and this Import License will enable the Company to accelerate those efforts by making it easier for Canadian customers to purchase their favorite US-manufactured plant-based brands.
“As a Canadian company, we are very passionate about contributing to the health of the Canadian public” said PlantX Founder Sean Dollinger . “The new import license will open new doors to how we can promote the wellbeing of our customer in Canada by helping them access an ever-growing variety of plant-based products”.
Corporate Update
The Company announces that it has granted 3,851,000 stock options (” Options “) to purchase common shares of the Company (” Common Shares “) to certain directors, officers, employees and consultants of the Company pursuant to the terms and conditions of the Company’s incentive stock option plan. The Options are exercisable for a five (5) year period at a price of $0.80 per Common Share. One quarter (1/4) of the Options will vest every three (3) months from the date of grant.
The Company also announces that it has granted 2,687,000 restricted share units (” RSUs “) to certain directors, officers, employees and consultants of the Company pursuant to terms and conditions of the Company’s restricted share unit plan. The RSUs have a term of one (1) year of which one quarter (1/4) of the RSUs will vest every three (3) months from the date of grant.
An aggregate of 40,276 RSUs were granted to Northern Equities Inc. (” Northern Equities “), which provides investor relations services to the Company including services to raise awareness of the PlantX brand, deliver new communication channels to PlantX customers and retailers and increase stakeholder engagement. To the knowledge of the Company, Northern Equities and/or its principals do not own or control any securities of the company.
Source: https://agoracom.com/ir/PlantX/forums/discussion/topics/758509-plantx-announces-approval-of-import-license-for-plant-based-foods-from-the-canadian-food-inspection-agency/messages/2310845#message
PlantX $VEGA $PLTXF Announces Sustainability Initiatives $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
- Announced its new green packaging and sustainability initiatives to help reduce the Company’s carbon footprint.
- As part of the Company’s vision to create positive change and promote both planetary and human health, PlantX has already started improving its logistic network by using 100% eco-friendly packaging and marketing resources for its meal delivery services.
- With PlantX’s green packaging, customers will be able to recycle or reuse all of the PlantX entrée containers.
VANCOUVER, BC , March 29, 2021 – PlantX Life Inc. (CSE: VEGA ) (Frankfurt: WNT1) (OTCQB: PLTXF) (” PlantX ” or the ” Company “) is pleased to announce its new green packaging and sustainability initiatives to help reduce the Company’s carbon footprint.
“With the evolving anthropogenic threats to the climate, today’s world has seen increasing environmental awareness and interest in planetary protection,” said PlantX founder, Sean Dollinger . “People are harnessing a passion for managing our planet’s resources and this momentum is visibly manifesting in various industries. Sustainable packaging, also known as green packaging, is becoming an essential purchasing consideration for the modern consumer. By choosing to use green packaging, PlantX hopes to mitigate the polluting effects of packaging waste that ends up in landfills from its products. The increasing demand for green packaging and sustainability initiatives is becoming a crucial incentive for many high-impact businesses and manufacturers to integrate eco-friendly and ethical considerations into their operational models”.
As part of the Company’s vision to create positive change and promote both planetary and human health, PlantX has already started improving its logistic network by using 100% eco-friendly packaging and marketing resources for its meal delivery services. With PlantX’s green packaging, customers will be able to recycle or reuse all of the PlantX entrée containers. These containers are also microwave, dishwasher, refrigerator and freezer friendly. Additionally, the fiber trays used for PlantX delivered wraps are certified compostable and made from annually renewable sugarcane bagasse and can be reused at temperatures of between 14°F to 400 °F (-10°C to 204°C). The sustainability information about PlantX packaging materials will be printed on 100% recycled paper flyers.
The Company is pleased to announce a new partnership with Quebec -based Colder Fresher Longer in connection with PlantX’s sustainability initiatives. PlantX will use Colder Fresher Longer eco-friendly packaging to keep products at desired temperatures throughout the shipping process. The use of Colder Fresh Longer box liners and inserts will allow PlantX to ship both temperature sensitive and non-temperature sensitive items in the same packaging while reducing the amount of boxes needed in shipping PlantX products.
These new packaging standards are just the start of PlantX’s plans to adopt broader sustainability practices. The Company will also be expanding its environmental efforts by charging an eco-fee of $4.95 for certain online purchases to support recycling and disposal programs aimed at keeping certain end-of-line products out of landfills.
As part of its net-zero practices, PlantX will also start participating in carbon offsetting initiatives, such as forest protection or renewable energy projects that offer “carbon credits”. One carbon credit can be the equivalent of one tonne of carbon that has not been emitted into the atmosphere. The Company intends to work with sustainability consultants to measure the emissions reduced through offsetting activities in order to achieve recommended targets. Carbon offsetting can be an economically efficient way to enhance PlantX’s sustainability efforts.
“We are on a mission to become global leaders in promoting health and well-being for both people and the environment,” said PlantX CEO Julia Frank . “We’re including sustainability practices in a variety of ways, from using eco-friendly plantable business cards made with seed paper to making our packaging more sustainable. We’re committed to joining in the collective efforts to reduce plastic waste and help our plant-based community improve planetary health meaningfully and effortlessly.”
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.
PlantX $VEGA $PLTXF Announces Partnership with Chef Anne Thornton to Create the New PlantXReset Program $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
- AnnounceD that it has entered into a collaboration with chef Anne Thornton to create exclusive meals inspired by Chef Thornton’s famous Plant Reset program, a five-day, plant-powered, sustainable-living meal initiative.
- The new ” PlantXReset ” meals will be available for delivery and distribution throughout Canada , and later on, in the United States through the Company’s e-commerce platforms.
VANCOUVER, BC , March 24, 2021 PlantX Life Inc. (CSE: VEGA ) (OTCQB: PLTXF) (Frankfurt: WNT1) (” PlantX ” or the ” Company “) is pleased to announce that it has entered into a collaboration with chef Anne Thornton to create exclusive meals inspired by Chef Thornton’s famous Plant Reset program, a five-day, plant-powered, sustainable-living meal initiative. The new ” PlantXReset ” meals will be available for delivery and distribution throughout Canada , and later on, in the United States through the Company’s e-commerce platforms.
Chef Thornton is a classically trained chef, culinary sustainability expert, writer, TV personality and former host of Food Network’s “Dessert First.” Best known for her signature nutritious and versatile food, Chef Thornton works with top nutritionists and doctors to create holistically healing recipes that meet her clients’ varied well-being needs. She has 15 years of successful culinary experience across the United States . She was an executive chef at Little Pine in Los Angeles , the organic vegan restaurant named Restaurant of the Year by VegNews in 2016. As an executive chef at NeueHouse, a private workspace and cultural home for creators, innovators and thought leaders in L.A., she spearheaded a sustainability culinary initiative by providing creative menus using sustainable, local, plant-based ingredients.
Chef Thornton’s passion for health and wellness and her love for the planet shine through her Plant Reset program, a high-impact initiative based on designing and offering five-day programs of organic, non-processed and locally sourced meals aimed at reducing carbon footprint, boosting the immune system and improving energy levels. The Plant Reset program includes nutrient-dense, superfood-laden, adaptogen-laced, gluten-free, refined-sugar-free, dairy-free, soy-free, corn-free, low-fat meals tailored to everyday needs – from breakfast, lunch and dinner ideas to snacks, broths, juices and elixirs.
“Reset recipes are designed to increase focus, improve gut health, clear brain fog and alleviate a myriad of other issues while enabling enjoyment of delicious food and drinks”, said Chef Thornton. “Moreover, beyond saving time, energy and calories by outsourcing their meal planning, shopping and cooking, Reset customers can also save 5,610 gallons of water, 204 pounds of grain, 153 square feet of forest, 102 pounds of CO 2 , and five animal lives by eating the 100% vegan and organic Reset meals for five days.”
Each Reset subscription offered by Chef Thornton currently includes 15 healing meals, snacks and juices, as well as a donation of 15 organic plant-based meals to the L.A. homeless community. The Reset program has seen exceptional success in L.A., and the demand for it has exceeded Chef Thornton’s current capacity to serve her growing pool of celebrity clients.
“I am so excited about this collaboration with PlantX,” added Chef Thornton. “I have so much respect for the team and their mission to bring delicious plant-based food to everyone, easily and efficiently. I am thrilled that people all over North America will have the opportunity to take part in this delicious, enlivening, healing and energizing protocol.”
Through the new partnership with PlantX, Chef Thornton will share her passions and culinary talents by developing the new PlantXReset program. As part of this program, she will include her own unique and delicious Reset recipes and apply her creative and sustainable Reset design to the meals already available on the PlantX platform through UpMeals, the Company’s meal delivery partner.
“Anne is a legend in the culinary industry, and we are so excited to start our collaboration with her,” said Sean Dollinger , PlantX founder. “Her incredible expertise and dedication to human and planetary health are fully aligned with PlantX’s values, and together we hope to help our plant-based community thrive and reach new levels of health and wellness”.
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.
About Anne Thornton
Anne Thornton is a classically trained professional chef with a finance background. She is quite unique in that she has held the roles of executive chef, executive pastry chef and GM. Her creativity is informed by her financial acumen, which has helped all the projects she has worked on to be financially successful. She first came to be known in New York City for her tantalizing treats as the pastry chef of The Waverly Inn, and then internationally as the host of “Dessert First with Anne Thornton ” on Food Network. After her show wrapped, Anne decided to move to Los Angeles to explore her entrepreneurial spirit and open restaurants focused on local seasonal produce. Anne was Moby’s original partner in Little Pine. Having left the project before opening, she returned 87 days after opening to step in as executive chef and GM. She had to create an all-new business model, food, service, training, systems and acquire new staff to make the restaurant desirable and profitable, all while maintaining service. While she was at the helm, in 2016 Little Pine was named Vegetarian Restaurant of the Year. In 2017, she returned to New York City and opened 33 Greenwich to rave reviews in Manhattan’s West Village neighborhood. Next, she started working as the consulting executive chef and acting COO for Rose Avenue Foods product line and for Robotic Food Concepts. She helped develop their product concept and created all of their recipes, commercial formulations, costing, packaging and sourcing, and she evaluated co-packers and met with VCs and worked with them on their branding and marketing. In September 2019 , Anne stepped into the role of executive chef of NeueHouse. In her first three months in the role, she changed all menus, switched to organic and sustainable purveyors, recruited the top cooks and managers in the city, while also implementing sustainable systems and practices, such as recycling and composting.
The Company website is http://investor.PlantX.com/ .
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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, without limitation, the business and strategic plans of the Company.
By its 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.
PlantX $VEGA $PLTXF Closes Over Subscribed Prospectus Offering of Units, Gross Proceeds Over $20M $VERY.ca $MEAT.ca $EATS.ca $VEGN.ca
- Company has completed its public offering through the sale and issue of 19,102,765 units of the Company for gross proceeds of $20,057,903.25
VANCOUVER, BC , March 22, 2021 – PlantX Life Inc. (the ” Company ” or ” PlantX “) (CSE: VEGA ) (Frankfurt: WNT1) (OTCQB: PLTXF) is pleased to announce that further to the Company’s press releases dated February 16, 2021 , February 17, 2021 and March 11, 2021 , the Company has completed its public offering through the sale and issue of 19,102,765 units of the Company (the ” Units “) for gross proceeds of $20,057,903.25 (the ” Offering “), including a partial exercise of the Over-Allotment Option (hereafter defined). Pursuant to an agency agreement between the Company and Mackie Research Capital Corporation (the ” Agent “) entered into on March 11, 2021 , the Agent acted as the lead agent and sole bookrunner for the Offering. The Company granted the Agent an option to purchase up to an additional 15% of the Units, exercisable on or before April 21, 2021 at a price of $1.05 per Unit (the ” Over-Allotment Option “), to cover over-allotments. The Over-Allotment Option is exercisable to acquire additional Units, Common Shares or Warrants (or any combination thereof) at the discretion of the Agent.
Each Unit consisted of one (1) common share of the Company (a ” Unit Share “, each such common share in the authorized share structure of the Company, a ” Common Share “) and one (1) Common Share purchase warrant (a ” Warrant “). Each Warrant entitles the holder to purchase one additional Common Share (a ” Warrant Share “) at a price of $1.25 per Warrant Share up to March 22, 2023 , provided that if, at any time, the daily volume weighted average trading price (or closing price on trading days when there are no trades) of the Common Shares on the Canadian Securities Exchange (the ” CSE “) or, if the Common Shares are not listed on the CSE, then on such other recognized Canadian stock exchange on which the Common Shares are then listed, equals or exceeds $2.00 per Common Share over any 10 consecutive trading days, the Company shall be entitled, at its option, within 10 business days following such 10-day period, to accelerate the exercise period of the Warrants through the issuance of a press release (the ” Acceleration Notice “) specifying the new expiry date and, in such case, the Warrants will expire on the 30 th day following the issuance of the Acceleration Notice. From and after the new expiry date specified in such Acceleration Notice, no Warrants may be issued or exercised, and all unexercised Warrants shall be void and of no effect following the new expiry date.
The Company paid the Agent a cash commission of approximately $970,000 and issued to the Agent 923,943 compensation options (the ” Compensation Options “) exercisable at any time up to March 22, 2023 to purchase Common Shares (each, a ” Compensation Option Share “) at a price of $1.25 per Compensation Option Share.
The Units were sold through the Agent in the provinces of British Columbia , Alberta and Ontario , and in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the ” U.S. Securities Act “) and all applicable U.S. state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities in the United States or to, or for the account or benefit of, U.S. persons. The securities described herein have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. “United States” and “U.S. person” are as defined in Regulation S under the U.S. Securities Act.
The Company intends to use the net proceeds from the Offering to fund expansion, to continue to develop a user app, to evaluate and pursue potential strategic acquisitions, and for working capital and general corporate purposes.
An insider of the Company participated in the Offering and purchased an aggregate of 23,800 Units. Participation of such insider in the Offering constituted a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (” MI 61-101 “), but was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities issued to the insiders nor the consideration paid by the insiders exceeded 25% of the Company’s market capitalization. None of the Company’s directors expressed any contrary views or disagreements with respect to the foregoing. The Company did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of the insider of the Company had not been confirmed at that time.
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 likeminded 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.
On behalf of the board of directors of PlantX
Julia Frank
Chief Executive Officer
The Company website is http://investor.PlantX.com/ .