PlantX Life (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) today announced its intention to commence a normal course issuer bid (“NCIB”), under which the company may purchase up to 6,071,757 of its common shares, representing approximately 5% of its issued and outstanding common shares. PlantX indicated that it is commencing the NCIB because it believes that the market price of the common shares may not fully reflect the underlying value of the company’s business and future prospects. PlantX believes that the repurchase of its common shares for cancellation represents an appropriate use of the company’s financial resources and will enhance shareholder value. The NCIB is expected to commence on Sept. 15, 2021, and terminate on Sept. 14, 2022, with all common shares under the NCIB purchased on the open market through the facilities of the Canadian Securities Exchange.
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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 5,000 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 investor website at https://Investor.PlantX.com and visit PlantX’s YouTube channel.
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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