PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF), a multifaceted marketplace providing consumers all things plant based, announced that, through its wholly owned subsidiary, PlantX Lifestyle USA Inc., it has entered into an agreement to purchase all of the issued and outstanding membership interests of Matthew Kenney Cuisine Global LLC’s Planted-Based Deli LLC., known as New Deli. The agreement notes the purchase price will be $1,569,999. The California-based company is a sustainable, plant-based neighborhood bodega the offers customers practical, everyday options ranging from household supplies and personal hygiene products to frozen foods, pantry staples, snacks, beer and wine. In addition, New Deli customers can order coffee or plant-based, freshly prepared ready-to-go meal items designed by renown vegan chef and PlantX chief culinary officer Matthew Kenney. Founded with the mission to bring conscious, sustainable and healthy products to its community, New Deli’s purpose aligns with the vision for the PlantX brick-and-mortar locations currently under development. New Deli has reported year-over-year sequential growth in revenue and profitability, including a 1.75x increase in gross revenue based on Q1 2021 annualized compared to 2019 YE. “This new acquisition strengthens PlantX’s position as a leading plant-based company, while facilitating the company’s physical and e-commerce expansion across North America,” said PlantX CEO Julia Frank in the press release. “In addition to e-commerce, PlantX has always believed that an interactive one-stop-shop that consumers interested in plant-based living could visit, should be accessible throughout the United States and Canada — a void that New Deli by PlantX plans to fill.”
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About PlantX Life Inc.
As the digital face of the plant-based community, PlantX’s platform is 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. PlantX Life 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.
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