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JIVA Technologies (CSE: JIVA) has filed its Q2 2024 financial statements for the period ended September 30, 2024. The company reported gross revenue of $2.77 million, down from $5.95 million in September 2023. Cost of goods sold decreased to $982,209 from $3.37 million year-over-year. The company's net loss improved to $1.33 million compared to $3.97 million in the same period last year. CEO Lorne Rapkin emphasized the company's focus on strengthening business foundations and adapting to the wellness market.
PlantX Life Inc. has announced a joint venture with LIV3 to launch SugarShield, a supplement targeting the $5.24 billion weight loss management market. The partnership involves PlantX managing branding, packaging, and e-commerce development, while LIV3 handles product supply. Net profits will be split 50/50. SugarShield aims to boost energy, curb cravings, and simplify weight management by reducing uric acid levels. The product's efficacy has been validated by PlantX medical panel member Paul Gross. Additionally, PlantX has engaged Ryan Shea for investor relations at $50,000 for one month.
PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) has reported a significant 258% increase in net profit for Q3 2024 at its Squamish, BC experiential locations, The Locavore Bar & Grill and Cloudburst Cafe. The company saw revenue of $1,314,208, a 2.27% increase compared to Q3 2023's revenue of $1,285,057. The Locavore Bar & Grill posted a net profit of $93,230 for Q3 2024, up from $25,991 in Q3 2023. CEO Lorne Rapkin expressed satisfaction with the growth, inviting visitors to experience the location. PlantX remains focused on leveraging its community-driven approach to foster growth at its experiential locations while expanding its plant-based living offerings.
PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) has announced significant developments for its online indoor plant subscription company, BloomBox Club. The company's fulfillment partner, Flora, has been acquired by Bloomique, a Netherlands-based greenhouse provider. This acquisition is expected to expand BloomBox Club's product catalog significantly.
Key updates include:
- Addition of 200 new SKUs to the online platform
- Implementation of automated packing processes
- Streamlined operations to reduce the risk of missing items in orders
CEO Lorne Rapkin expressed optimism about the partnership with Bloomique, anticipating stronger performance during the upcoming holiday season. These improvements are expected to strengthen BloomBox Club's presence in the indoor plant market.
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