BACKGROUND – ABOUT THE COMPANY
PlantX Life Inc. (CSE: VEGA/Frankfurt: WNT1/OTCQB: PLTXF) is an all plant-based product company. The company, based in Vancouver, Canada, is at the forefront of the plant-based lifestyle movement, which promotes environmentally friendly and animal cruelty-free living. PlantX operates as a one-stop-shop for all things plant-based, offering over 5,000 vegan products as well as meal and indoor plant delivery services through its e-commerce website and physical locations. The company is currently working on expanding its product lines to include cosmetics, apparel, and its own water brand. This vast selection of plant-based/vegan products has earned the company the name “Amazon of the plant-based community.” While the company is still in its early stages of growth in both the e-commerce and vegan product markets, the company had significant financial successes in recent quarters. The company’s revenue increased 201% year-over-year for the quarter ending December 31, 2021, and the company generated $1.7 million in monthly gross revenue in March, a 28% increase over February 2022. PlantX is capitalizing on the industry’s massive growth potential by acquiring smaller peers and partnering with celebrity chefs and established plantbased brands like BESTIES Vegan Paradise (“BESTIES”), as well as by building a community of likeminded consumers through its digital platform.