Welcome to our dedicated page for JIVA Tech news (Ticker: PLTXF), a resource for investors and traders seeking the latest updates and insights on JIVA Tech stock.
JIVA Technologies Inc. (PLTXF) generates a steady flow of news centered on its activities in wellness-focused e-commerce, joint ventures, and financial reporting. Company releases frequently describe JIVA as dedicated to building niche online wellness communities and creating immersive physical environments, offering investors and observers insight into how its strategy evolves over time.
News items cover financial results and filings, including interim and annual financial statements, management’s discussion and analysis, and related certifications filed under Canadian securities regulations. These updates highlight trends in revenue, net loss, operating cash flow, and cost management, as well as steps such as applications for a Management Cease Trade Order when filing deadlines are at risk.
JIVA’s news also focuses on operational developments across its ecosystem. Announcements describe the operation of Bloombox Club, an online plant delivery marketplace serving multiple countries, and The Locavore Bar and Grill, a dining and gathering destination in Squamish, British Columbia. Releases detail joint ventures and partnerships, such as the launch of wegotgroceries.com with We Got Groceries, and the collaboration with LIV3 around the SugarShield supplement and the LIV3Health.com website.
For readers tracking PLTXF news, this page offers a view into JIVA’s wellness technology initiatives, e-commerce marketplace activities, and strategic partnerships. Regular updates provide context on how the company applies its UI/UX and SEO expertise to wellness brands, and how its financial performance and regulatory disclosures develop. Investors and researchers can use this news feed to follow key milestones, new ventures, and ongoing reporting from JIVA Technologies.
Jiva Technologies (PLTXF) has announced its Board of Directors' approval to purchase up to $1 million in Bitcoin as part of its treasury management strategy. CEO Lorne Rapkin highlighted Bitcoin's potential as an inflation hedge and safe haven asset, citing its scarcity and growing institutional adoption through Bitcoin ETFs. While integrating Bitcoin into its treasury, Jiva remains focused on its core operations, including joint ventures, Bloombox Club e-commerce platform, and the development of its wellness hub in Squamish, BC. The company will actively monitor its Bitcoin holdings to ensure alignment with market conditions and cash flow needs.
Jiva Technologies (CSE: JIVA) (Frankfurt: WNT1) (OTCQB: PLTXF) announces a joint venture with Kale Coin to create a wellness-focused cryptocurrency ecosystem. Kale Coin aims to drive positive environmental change and support wellness values, involving gamification for healthy lifestyle rewards and transactions at wellness facilities. The token will launch as an ERC-20 token on decentralized exchanges like Uniswap, with a centralized exchange listing planned later. Jiva collaborates with tokenomics experts at Smart Chain and entrepreneur Nemanja Golubovic for this project, set to launch in early 2025.
Additionally, Jiva has entered a six-month marketing agreement with Departures Capital to enhance its public awareness and online presence, effective from November 7, 2024, with a cash payment of $50,000 USD.
PlantX Life Inc. (OTCQB: PLTXF) has launched its Bloombox Club e-commerce platform in Italy, marking its eighth e-commerce operation in Europe. The bilingual platform, accessible via bloomboxitaly.it, features the company's plant subscription service and curated online shop. Orders will be fulfilled through Bloombox Club's Netherlands distribution center. The launch targets Italy's e-commerce market, projected to reach $64.18 billion in 2024. Additionally, PlantX has engaged Stockify Media for a one-month investor relations campaign starting October 24, 2024, with a cost of $50,000 USD.
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 launched a new Bloombox Club e-commerce platform in Spain at https://bloomboxspain.es/. This marks Bloombox Club's seventh e-commerce operation, now available in the United States, Germany, the United Kingdom, Austria, the Republic of Ireland, France, and Spain. The platform, available in both English and Spanish, will expand Bloombox Club's plant subscription service and curated online shop to the Spanish market.
The new website integrates PlantX's cutting-edge e-commerce infrastructure to enhance customer satisfaction. All orders will be processed through Bloombox Club's centralized distribution hub in the Netherlands, ensuring efficient fulfillment across Europe. PlantX's CEO, Lorne Rapkin, believes that the timing is perfect for entering the Spanish market, citing rapid e-commerce growth and strong interest in the indoor plant sector.
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.
PlantX Life Inc. (CSE:VEGA, OTC PINK:PLTXF) reported its 2024 fiscal year results, highlighting significant improvements in financial performance. The company achieved $7.3 million in revenue and an 8% increase in gross margins year-over-year. Notable highlights include:
- A dramatic decrease in net loss to $5,014,710 from $21,384,656 in 2023
- Improved gross margin of 46% ($3,405,421) compared to 38% ($5,088,767) in 2023
- Strategic focus on enhancing profitability and optimizing operations
- Opening of the largest vegan food hall in the USA
- Asset transfer to Veg House Holdings Inc. for 6,000,000 shares
Despite a revenue decrease, PlantX's CEO Lorne Rapkin emphasized the company's stronger financial position and focus on sustainable growth and long-term profitability.
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