JIVA Tech Stock Price, News & Analysis

PlantX Life Inc. (OTCQB: PLTXF) has partnered with Chicago Bears quarterback Justin Fields as a PlantX Ambassador. Fields, an advocate for plant-based diets, aims to promote the company's offerings and educate on the benefits of plant-based living. He will curate a selection of his favorite products on the PlantX platform and will appear in interviews to boost brand visibility among athletes. The partnership includes sponsorship of 'Pros Week' and a joint donation of $20,000 to the Fair Catch Foundation, supporting charity initiatives.

PlantX Life Inc. reported its fiscal year results ended March 31, 2021, with gross revenues of $6,586,392, a notable increase from $1,349 in the previous fiscal year. The cost of goods sold was $5,194,391, resulting in a gross margin of 21%. However, the company faced a net loss of $26,512,887 due to share-based compensation, which accounted for $12,339,694. Working capital stood at $22,140,276, including cash of $20,364,895. The fourth quarter saw gross revenue rise by 134% to $4,294,016.

PlantX Life Inc. has launched its meal delivery service, XFood, in the United States. This program offers a three-day meal plan featuring six plant-based meals and six cold-pressed juices created by renowned vegan Chef Matthew Kenney. Initially available in Southern California, XFood aims for nationwide delivery. Meals are prepared in a ghost kitchen in Los Angeles and delivered using temperature-regulating packaging. Orders for delivery starting August 9 are now open, with plans to evolve the menu monthly based on consumer preferences.

PlantX Life Inc. (OTCQB: PLTXF) has announced the addition of vegan wines to its U.S. e-commerce platform, expanding its product line targeted at the growing vegan community. The new offerings include brands such as Rare Earth and Veuve Clicquot, now available in the Plant-Based Wine section. CEO Julia Frank highlighted the rapid growth of the alcoholic beverage market, stating the addition aligns with the company's mission to serve plant-based consumers. This move is seen as a strategic effort to enhance product variety while addressing customer demands.

PlantX Life Inc. has partnered with professional skier Nick McNutt as a brand ambassador to promote a plant-based lifestyle. McNutt, known for his skills in backcountry skiing, aims to advocate for sustainability through PlantX's offerings, which include over 10,000 plant-based products. He will feature his favorite products in a dedicated section on PlantX's U.S. and Canadian e-commerce platforms, enhancing brand exposure in the Squamish community and beyond. This collaboration underscores PlantX's commitment to expand its reach and influence within the plant-based market.

PlantX Life Inc. (OTCQB: PLTXF) announced on June 30, 2021, an expansion of its Canadian meal delivery service, adding a second shipping day each week. This move aims to enhance outreach to the growing plant-based community and increase access to nutritionally balanced meals. Customers can now subscribe for 3 or 5 days of meals through the company's e-commerce platform. The expansion is in partnership with UpMeals, a food tech company, emphasizing a commitment to healthy, convenient meal options.

PlantX Life has completed its acquisition of LIV Marketplace for US$3,246,938.73. This transaction includes US$450,000 in cash, 3,777,778 common shares valued at $0.55 each, assuming $1,000,000 debt, and US$96,938.73 in inventory. Following the acquisition, LIV Marketplace will continue managing PlantX's wholesale division, while its San Diego location will be rebranded as New Deli by PlantX. This move aligns with PlantX's expansion strategy in the plant-based market, enhancing its retail presence.

PlantX Life Inc. (OTCQB: PLTXF) has launched as a Seller on Walmart Canada Marketplace, expanding its distribution channel. The initial offerings include a variety of plant-based household supplies and pantry items from notable brands. CEO Sean Dollinger emphasized this launch as a key step in their growth strategy to enhance product accessibility in Canada. The company plans to broaden its product range on this platform, including potential future expansions into cosmetics and clothing.

PlantX Life Inc. announced the acquisition of assets from Liv Marketplace for US$3,150,000 via its subsidiary, New Deli Hillcrest LLC. The deal includes US$450,000 in cash and 5,916,436 common shares, set to enhance PlantX's retail presence in the United States. Liv Marketplace is the exclusive distributor of PlantX products and operates a 4,515-square-foot store in San Diego, which will be rebranded as New Deli by PlantX. This acquisition supports PlantX's growth strategy and reinforces its brick-and-mortar operations.