Posted by AGORACOM-JC
at 8:38 AM on Monday, April 5th, 2021
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.
Posted by AGORACOM-JC
at 8:46 AM on Wednesday, March 24th, 2021
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.
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.
Posted by AGORACOM-JC
at 10:17 AM on Monday, March 22nd, 2021
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.
Posted by AGORACOM-JC
at 8:39 AM on Friday, March 12th, 2021
Filed a final short form prospectus with securities regulators in British Columbia , Ontario and Alberta, relating to the Company’s marketed public offering of units at a price of $1.05 per Unit for minimum gross proceeds of $10 million and maximum gross proceeds of $20 million (the ” Offering “).
Company has also entered into an Agency Agreement with Mackie Research Capital Corporation, as the lead agent and sole bookrunner for the Offering, pursuant to which the Agent will offer the Units for sale on a “best efforts” agency basis in the Offering Jurisdictions
VANCOUVER, BC , March 11, 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 and February 17, 2021 , it has filed a final short form prospectus (the ” Final Prospectus “) with securities regulators in British Columbia , Ontario and Alberta (the ” Offering Jurisdictions “), relating to the Company’s marketed public offering of units (the ” Units “) at a price of $1.05 per Unit (the ” Offering Price “) for minimum gross proceeds of $10 million and maximum gross proceeds of $20 million (the ” Offering “). The Company has also entered into an Agency Agreement with Mackie Research Capital Corporation (the ” Agent “), as the lead agent and sole bookrunner for the Offering, pursuant to which the Agent will offer the Units for sale on a “best efforts” agency basis in the Offering Jurisdictions. The Company has also granted the Agent an option, exercisable at the Offering Price, for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Units issued to cover over-allotments, if any (the ” Over-Allotment Option “). The Over-Allotment Option is exercisable to acquire additional Units, Common Shares and/or Warrants (or any combination thereof) at the discretion of the Agent.
In connection with the Final Prospectus, the Company has also amended the price of the Units and the Warrants (hereafter defined) as follows in order to reflect current market conditions: (i) the purchase price of the Units of the Offering has been reduced from $1.25 to $1.05 per Unit; (ii) the exercise price of each Warrant has been reduced from $1.45 to $1.25 ; and (iii) the Warrant acceleration price has been reduced from $2.50 to $2.00 . All other material terms of the previously announced Offering remain the same.
Each Unit will consist of one (1) common share of the Company (” Common Share “) and one (1) Common Share purchase warrant (a ” Warrant “). Each Warrant will entitle the holder to purchase one additional Common Share for a period of two (2) years from the closing of the Offering (the ” Closing “), 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 30th 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 ” Acceleration Provision “).
At the Closing, the Company will pay to the Agent a cash commission of 6% of the aggregate gross proceeds arising from the Offering (including proceeds raised as a result of the exercise of the Over-Allotment Option, if any) other than in connection with a president’s list of investors (the ” President’s List Investors “), in which case the cash commission shall be 4% of the proceeds raised from President’s List Investors. In addition, and subject to regulatory approval, the Agent will receive compensation options (the ” Compensation Options “) exercisable at any time up to 24 months following Closing to purchase Common Shares in an amount equal to 6% of the number of Units sold in connection with the Offering, including Units sold pursuant to the exercise of the Over-Allotment Option, if any (other than in connection with President’s List Investors, in which case the number of Compensation Options shall be 4% of the number of Units sold to President’s List Investors).
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.
The Closing is currently expected to be on or about March 18, 2021 or such other date as agreed upon between the Company and the Agent. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including the final approval of the CSE. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size of the Offering.
The Units are to be sold on a “best efforts” basis through the Agent in the provinces of British Columbia , Alberta and Ontario , and such other jurisdictions as the Agent and the Company may agree other than Quebec , 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.
Posted by AGORACOM-JC
at 10:47 AM on Thursday, March 11th, 2021
EVENT – Q1 Investor Summit
DATE – March 23-25th, 2021
PRESENTATION – March 24th @ 11:30AM ET
VANCOUVER, British Columbia, March 11, 2021 — PlantX (CSE:VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) today announced that Sean Dollinger, Founder, will be attending the Q1 Virtual Investor Summit.
About The Investor Summit The Investor Summit (formerly MicroCap Conference) is an exclusive, independent conference dedicated to connecting smallcap and microcap companies with qualified investors. The Q1 Investor Summit will take place virtually, featuring 100 companies and over 300 institutional and retail investors.
Posted by AGORACOM-JC
at 2:35 PM on Monday, March 1st, 2021
PlantX Life Inc. (VEGA: CSE) (PLTXF: OTCQB) announces massive partnerships With Alicia Silverstone and Venus Williams. Did we mention that Russell Peters attended the AGM?
Posted by AGORACOM-JC
at 1:13 PM on Saturday, February 27th, 2021
PlantX Life Inc. (VEGA: CSE) (PLTXF: OTCQB) announces massive partnerships With Alicia Silverstone and Venus Williams. Did we mention that Russell Peters attended the AGM?