InvestorNewsBreaks – PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) Releases August 2022 Revenue, Sees 32% Increase

Sep 6, 2022

PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF), the digital face of the plant-based community, operating a one-stop shop for plant-based products, is reporting its unaudited monthly financial metrics for August 2022. According to the company, in August, PlantX saw monthly gross revenue of C$1.381 million, a year-over-year increase of 32% compared to C$1.048 million in August 2021. The company pointed to the expansion of its distribution channels and retail footprint as the primary source of the increase. Gross profit for the month totaled C$525,000, or a 38% gross margin from August 2021. The company noted that its Little West cold-pressed juice brand is consistently seeing strong sell-through and the PlantX Chicago Uptown retail location had its best month since it was acquired by the company last year. “PlantX continues to generate significant year-over-year growth, driven by positive market reception to the Little West cold-pressed juice brand and the success of live events at our retail locations to drive store traffic as we build loyal customers,” said PlantX CEO Lorne Rapkin in the press release. “Consumers increasingly see PlantX as the first stop for all things involved with the plant-based lifestyle, and this growing presence is resulting in revenue acceleration.”

To view the full press release, visit https://ibn.fm/Gqpah

About PlantX Life Inc.

PlantX is committed to being the digital face of the plant-based community as well as the one-stop shop for everything plant based. With its fast-growing category verticals, the company offers customers across North America more than 5,000 plant-based products. In addition to offering delivery service for meals and indoor plants, the company currently has plans underway to expand its product lines to include a juice and coffee company. PLTXF 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. Its successful enterprise is being built and fortified on partnerships with the top nutritionists, chefs and brands. The company’s digital presence works to eliminate the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life. For more information about this company, please visit www.PlantX.com and www.PlantX.ca.

NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF

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