JIVA Tech Stock Price, News & Analysis

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.