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JIVA Technologies Inc. develops technology-enabled wellness commerce and community initiatives through online marketplaces, digital marketing, and selected physical environments. Company news commonly covers financial statements and MD&A filed under Canadian securities rules, cost-control and operational restructuring efforts, and updates tied to e-commerce initiatives for wellness brands.
Recurring business references include Bloombox Club, an online plant delivery marketplace serving multiple North American and European markets; The Locavore Bar and Grill in Squamish, British Columbia; and wellness-focused ventures such as LIV3 Health and the SugarShield supplement initiative. Coverage also includes public-company reporting matters, including officer certifications and management cease trade order-related disclosures.
PlantX Life Inc. has launched XFitness, an online fitness service offering live and on-demand classes, exclusively for XVIP members. This program replaces the earlier PlantXpress membership and includes various fitness classes aimed at all age groups. Members also receive discounts and benefits, including a monthly fee of USD$25 or CAD$29.99. Additionally, the company completed an oversubscribed private placement raising CAD$5,491,150, which will be used for business development and operational needs.
PlantX Life Inc. has launched a new YouTube series titled "Medically Speaking" aimed at enhancing plant-based education and addressing consumer knowledge gaps. Premiering on January 20, 2022, the series will feature discussions with the PlantX Medical Advisory Board, including experts like dietitian Amy Gensel and physician Paul Gross. The initiative seeks to provide evidence-based information and practical solutions for adopting a plant-based lifestyle, reflecting the rising global trend towards plant-based diets.
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On January 13, 2022, PlantX Life Inc. held its annual general meeting where shareholders elected six new directors: Quinn Field-Dyte, Fred Leigh, Alexandra Hoffman, Ralph Moxness, Lorne Rapkin, and Peter Simeon. Additionally, the shareholders approved motions to fix the number of directors at six and appointed MNP LLP as the company’s auditors for the upcoming year.
PlantX, a digital platform for the plant-based community, offers over 5,000 products and plans to expand into cosmetics, clothing, and a water brand, emphasizing education and community building.
Hudson’s Bay and PlantX Life Inc. (OTCQB: PLTXF) announced the opening of XMarket Café at Rideau Hudson’s Bay in Ottawa. This 100% plant-based café will offer vegan beverages and food, sourced from local Ottawa businesses. PlantX has also opened signature XMarket shops at Yorkdale and Rideau, expanding its retail presence. The new café and shops will enhance PlantX's distribution capabilities in Eastern Canada, enabling same-day deliveries in Ottawa and improved shipping across Canada, advancing its digital growth and operational efficiencies.
PlantX Life Inc. (OTCQB: PLTXF) reported record revenues of $153,000 during its 2021 Black Friday and Cyber Monday sales, a 63% increase from the previous year. The cost of goods sold was $82,000, reflecting strong demand for plant-based products. CEO Lorne Rapkin noted the impressive growth from $0 in 2019. The company aims to leverage this momentum for future expansion. However, these financial results are not audited and should be viewed cautiously.
PlantX Life Inc. (OTCQB: PLTXF) has launched the PlantX Shop mobile application to enhance customer engagement and streamline the shopping experience. Available on iOS and Android in Canada and the U.S., the app features over 5,000 plant-based products and integrates QR code scanning for efficient self-checkout. CEO Lorne Rapkin highlights the app's potential in capitalizing on the growing trend of mobile commerce. The app will also facilitate data collection to tailor services to customers' preferences. The anticipated QR code feature will be released mid-2022.
PlantX Life Inc. (OTCQB: PLTXF) has announced the expansion of its e-commerce platform into the UK. The new site, www.PlantX.uk, will offer a wide selection of plant-based products, indoor plants, and educational resources. The Company partners with Access Fulfillment to establish a supply chain with over 20,000 square feet of refrigerated warehouse space. With a growing demand for plant-based diets in the UK, expected to reach £1.1 billion by 2024, PlantX aims for a competitive edge during the upcoming holiday season.
PlantX Life Inc. (CSE: VEGA, OTCQB: PLTXF) reported strong financial results for Q2 2022, achieving gross revenue of $2,826,790, an increase from $2,499,788 year-over-year. Despite this growth, the company incurred a net loss of $7,617,163, largely due to share-based compensation, leading to a loss per share of $0.07. The gross margin improved to $1,292,963 compared to $15,913 in 2020. The company ended the quarter with working capital of $10,153,199, including $9,582,510 in cash, indicating a solid liquidity position.
PlantX Life Inc. (OTCQB: PLTXF) has launched a new subscription service that allows customers to arrange automatic deliveries of their favorite products with discounts on pre-set intervals. This service aims to enhance the customer experience by providing a flexible and cost-effective shopping solution. Additionally, the company is employing a micro-influencer marketing strategy across social media platforms, engaging multiple influencers to expand its reach. The initiative is part of PlantX's goal to support healthy, plant-based living.