PlantX (CSE: VEGA) (OTC: PLTXF) (Frankfurt: WNT1) on Monday announced that its previously disclosed non-brokered private placement of up to 18,181,818 units, each at a price of $0.55, for gross proceeds of up to $10,000,000 (the “offering”) has been fully subscribed based on commitments from purchasers. In addition, due to higher-than-expected demand, PlantX has elected to exercise its over-allotment option to increase the size of the offering by an additional 15%, thereby resulting in the sale and issue of an additional 2,727,273 units for an aggregate total placement of 20,909,091 units and total gross proceeds of $11,500,000. According to the update, closing of the offering is expected to occur on or about Dec. 14, 2020, subject to certain conditions including, but not limited to, acceptance by the CSE.
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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. The company 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, visit the company’s website at www.Investor.PlantX.com.
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