PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF), through its wholly owned subsidiary New Deli Hillcrest LLC, has acquired assets of LIV Marketplace LLC; the acquisition was completed for a total price of $3,246,938.73, and included $450,000 in cash as well as 3,777,778 common shares issued at a deemed price of $0.55 per common share in the authorized share structure of the company as well as the assumption of $1 million in debt owed by LIV Marketplace to the company along with $96,938.73 in inventory. LIV Marketplace is the exclusive online fulfillment partner and retail distributor of PlantX products for the United States; in addition, the company oversees the building and operation of PlantX’s 4,515-square-foot, brick-and-mortar retail store in San Diego, California. The announcement noted that the San Diego location will be rebranded as New Deli by PlantX. “Completing another acquisition is beyond encouraging and supports our vision for expansion as leaders in the plant-based space,” said PlantX CEO Julia Frank in the press release. “The PlantX brick-and-mortar operations represent a crucial component of our business strategy and this transaction demonstrates our commitment to execute this strategy effectively.”
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About PlantX Life Inc.
PlantX is committed to becoming the digital face of the plant-based community as well as the one-stop shop for everything plant-based. With its fast-growing category verticals, the company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor-plant deliveries, the company currently has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — but the business is not limited to an e-commerce platform. PLTXF uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier and happier life. For more information about this company, please visit www.PlantX.com and www.PlantX.ca.
NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://nnw.fm/PLTXF
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