JIVA Tech Stock Price, News & Analysis

PlantX Life Inc. (OTCQB: PLTXF) announced a partnership with Affirm on March 7, 2023, to enhance payment flexibility for its customers. This integration allows eligible customers to opt for transparent payment options, including interest-free installment plans, making plant-based products more financially accessible. The CEO emphasized the company's mission to provide affordable plant-based choices amid rising food costs. By joining Affirm's extensive network, PlantX aims to broaden its customer base and increase sales. The partnership aligns with PlantX's vision of promoting a plant-based lifestyle through enhanced product accessibility.

PlantX Life Inc. (OTCQB: PLTXF) announced the addition of No Evil Foods, a popular plant-based meat brand, to its e-commerce fulfillment platform. This collaboration aims to enhance PlantX's warehousing and logistics capabilities, expanding its product offerings and customer reach. No Evil Foods is known for its sustainable, minimally processed plant-based meats, including the recently launched Best Life "Beef" Strips. PlantX's CEO, Lorne Rapkin, emphasized the potential to increase website traffic and enhance customer lifetime value. The company continues to grow its extensive catalog, which currently features over 5,000 plant-based products.

PlantX Life Inc. (OTCQB: PLTXF) announced a delay in filing its annual financial statements and interim filings due to ongoing audit processes. The company is addressing issues related to the restatement of its 2021 financials and implementing enhanced internal controls. Currently, its securities are subject to a cease trade order issued by the British Columbia Securities Commission as of October 18, 2022. PlantX expects to complete and file its Annual Filings by December 15, 2022, and intends to file Interim Filings shortly thereafter.

PlantX Life Inc. (OTCQB: PLTXF) announced delays in filing its annual financial statements and interim filings for the fiscal year ending March 31, 2022. The delay is attributed to ongoing audits and necessary restatements of previous financial data. Currently, trading is subject to a cease trade order issued on October 18, 2022, by the British Columbia Securities Commission. The Company aims to complete its filings by November 30, 2022, and is not facing any insolvency proceedings.

PlantX Life Inc. has received a cease trade order (CTO) from the British Columbia Securities Commission due to delays in filing required financial documents. The CTO affects trading of the company’s securities in Canada and replaces a previous management cease trade order. The company is currently working to complete its annual and interim filings, expected by November 15, 2022. Despite these setbacks, PlantX emphasizes that it is not undergoing insolvency proceedings.

PlantX Life Inc. (OTCQB: PLTXF) announced a partnership with The Very Good Food Company Inc. to manage ecommerce logistics for Very Good's products. This collaboration will utilize PlantX's existing warehousing capabilities, allowing Very Good to enhance its customer reach and streamline order fulfillment in the U.S. CEO Lorne Rapkin highlighted the minimal incremental costs associated with this partnership, which aims to drive sales and improve the online shopping experience for customers. The partnership is seen as a win-win for both companies.

PlantX Life Inc. (OTCQB: PLTXF) announced that the British Columbia Securities Commission (BCSC) granted an extension of its management cease trade order (MCTO) to October 14, 2022. The MCTO was originally issued due to the company's failure to file its audited annual financial statements and interim filings on time. PlantX is working with MNP LLP, its auditors, to finalize these documents, which include critical restatements from previous fiscal years. Despite these issues, the company assures that shareholders can still trade their securities.

PlantX Life Inc. announced the effective date for its share consolidation, scheduled for September 26, 2022. Post-consolidation, one share will be issued for every twenty shares held, resulting in approximately 10,048,329 outstanding shares, with around 4,671,220 shares reserved for issuance. The trading symbol 'VEGA' will remain unchanged. Additionally, the management cease trade order from August 2022 is still in effect due to delayed audited financial statements. The company operates a digital platform for plant-based products in North America, offering over 5,000 items.

PlantX Life Inc. (OTCQB: PLTXF) announced its acquisition of the domain veganessentials.com and related assets for C$900,000. The deal will enhance PlantX's existing e-commerce portfolio, known for providing a wide range of plant-based products. The acquisition includes 2,100 different cruelty-free items and a well-established brand with a robust organic search performance. Financing will involve C$150,000 in cash and 1,071,428 shares after a 20-for-1 share consolidation. The transaction is expected to close by October 15, 2022.