JIVA Tech Stock Price, News & Analysis

PlantX Life Inc. (OTCQB: PLTXF) announced the acquisition of Matthew Kenney Cuisine Global LLC's Plant-Based Deli, LLC, located in Venice Beach, California, for US$1,569,999. This acquisition aims to enhance PlantX's expansion into brick-and-mortar retail and e-commerce across North America. New Deli, known for its diverse plant-based offerings, reported significant growth, including a 1.75x increase in gross revenue year-over-year. This strategic move is expected to strengthen PlantX's market position and align with its mission of promoting plant-based living.

PlantX Life Inc. has opened its first Canadian brick-and-mortar store, the Squamish Flagship Location, in Squamish, BC. This 1,700 square feet retail space will offer a selection of curated grocery and wellness items from popular plant-based brands, as well as an educational center focusing on a plant-based lifestyle. Following its acquisition of PlantX Living Squamish Inc., the company reported significant month-over-month revenue growth, with revenues of $153,625 in January 2021, climbing to $188,059 in March 2021. The store aims to enhance public engagement and promote plant-based education.

PlantX Life Inc. (OTCQB: PLTXF) has announced a new audio broadcast titled, “Cooking Up a Winning Recipe to Capitalize on $74 Billion Plant-Based Food Market.” The plant-based food market is projected to grow at a CAGR of 11.9%, reaching $74.2 billion by 2027. The company emphasizes the importance of partnerships across various sectors like culinary, e-commerce, and nutrition to enhance market adoption. PlantX differentiates itself from competitors by offering over 10,000 plant-based products, aiming to build a community and provide education around plant-based lifestyles.

PlantX Life Inc. (OTCQB: PLTXF) announced its feature in an editorial by NetworkNewsWire, highlighting the growing $74 billion plant-based food market. The rise of plant-based diets reflects a lifestyle choice linked to health and sustainability. The company positions itself as the digital hub for plant-based living, offering over 10,000 products and plans to expand into cosmetics, clothing, and beverages. Its mission focuses on supporting a community dedicated to healthy living and environmental values. For more details, visit Investor.PlantX.com.

PlantX Life Inc. reported record monthly gross revenues of $2,042,450 for April 2021, marking a 30% increase from March and an 87% increase from January 2021. The Cost of Goods Sold for the month was $1,639,568. This growth is attributed to strategic marketing and innovative partnerships, notably with tennis champion Venus Williams and vegan chef Matthew Kenney. PlantX aims to diversify further by expanding its product lines to include cosmetics and clothing, targeting a run rate of over $24M in the coming year.

PlantX Life Inc. (OTCQB: PLTXF) has successfully completed the acquisition of Little West LLC, a California-based cold-pressed juice company. This acquisition aims to enhance PlantX's e-commerce capabilities while leveraging Little West's expertise in the juice market to facilitate growth in the North American market. Little West's founders will continue to manage operations, ensuring brand integrity. This strategic move is anticipated to boost sales and brand visibility across the U.S. and Canada.

On April 30, 2021, PlantX Life Inc. (OTCQB: PLTXF) announced its acquisition of Little West LLC, a California-based cold-pressed juice company, aimed at expanding its market presence in the U.S. and beyond. With a purchase price involving 6,703,158 PlantX shares and potential earn-out considerations tied to financial milestones, the acquisition is projected to enhance PlantX's e-commerce and distribution channels. The cold-pressed juice market is forecasted to reach $6.3 billion by 2025, with PlantX anticipating synergies that align with its commitment to health and sustainability.

PlantX Life Inc. (OTCQB: PLTXF) has launched PlantXpress, a membership program costing $24.95 per month or $199.95 annually. This membership provides benefits such as free shipping on orders over $49.95, a 5% discount on purchases, and exclusive access to events and promotions. The initiative aims to enhance customer experience and satisfaction. PlantX Life Inc. operates as a digital platform for the plant-based community, offering over 10,000 products and plans to expand its range.

PlantX Life Inc. (OTCQB: PLTXF) announces a partnership with tennis champion Venus Williams, who will serve as the Company’s ambassador. Williams, a proponent of plant-based living since discovering it for health reasons, will advocate for PlantX’s mission and promote its products, including her brand Happy Viking. The partnership aims to raise awareness around plant-based lifestyles, leveraging Williams’ influence to curate a selection of favorite products on PlantX’s platform. PlantX offers over 10,000 plant-based products and plans to expand into new categories.