PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) has completed the acquisition of all of the issued and outstanding membership interests of MK Cuisine Global LLC’s (“MKC”) Plant-Based Deli LLC, or New Deli. The transaction had been previously announced and was completed through PLTXF’s wholly owned subsidiary PlantX Lifestyle USA Inc. In total, the acquisition came in at a purchase price of $1,569,999, which was reached through an exchange of a combination of $470,999.70 in cash and 2,515,983 common shares in the authorized capital of the company. A sustainable and plant-based neighborhood bodega, New Deli is situated in Venice Beach, California, where it provides practical, everyday retail goods that range from household supplies and personal hygiene products to frozen foods, pantry staples, snacks, beer and wine. PLTXF plans to rebrand its brick-and-mortar PlantX stores as New Deli by PlantX. In the announcement, company officials noted that finalizing the acquisition brings PLTXF one step closer to realizing its vision for expansion as the company is now ready to fully capitalize on each company’s operational expertise and combine those strengths to implement powerful growth strategies. “The brand awareness of the New Deli name will provide an exciting fusion for PlantX as the brick-and-mortar presence is built and linked with e-commerce,” said PlantX CEO Julia Frank in the press release. “The company will seek to leverage MKC’s operational excellence while continuing to focus on e-commerce expansion to build a multi-faceted ecosystem for all things plant-based.”
To view the full press release, visit https://ibn.fm/iMJwH
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. 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://ibn.fm/PLTXF
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