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THis is what the company announced on December 14, 2020.
Item 8.01 Other Events.
On December 10, 2020, One World Cannabis Ltd. (“OWC-Israel”), an Israeli subsidiary of OWC Pharmaceutical Research Corp., filed a petition under the Insolvency and Rehabilitation Law, 2018 in the Israeli Haifa District Court. As stated in the petition, OWC-Israel is insolvent at the present time and met the conditions required under Israeli law for submitting a petition to the court. OWC-Israel stated that it believes that there were no alternatives to filing the petition and having the court find a suitable solution for the benefit of its creditors.
WHERE DOES IT SAY ANTHING ABOUT FORM 15?
Once the paperwork has been filed and accepted by the court in Haifa the company will officially be in BR protection. Until that time everything waits.
As I stated several days ago here..Ziv said he is waiting to hear back from the court.
I know they accepted the preliminary reorganization plan he put forward but again this has to go through a process and the fact Ziv said this can be wrapped up in 60-90 days is encouraging.
Having said that, hitting timelines has never been good with OW.
Here's the story....
BTW..I don't believe Sean is a criminal and I reject the narrative.
https://www.bnnbloomberg.ca/marijuana/video/namaste-fires-ceo-sean-dollinger-launches-review~1602934?jwsource=cl
Namaste, the company he ran was controversial right from the get go.
https://investor.plantx.com/bod/sean-dollinger/
EATBF..Eat Beyond...on the OTC
PLTXF PlantX on the OTC
NEXNF on the OTC NEXE
SLGBF on the OTC GDNP
All Canadian companies leading the charge.
Plntx is tied in with some Israeli interests...just received some funding from a fund over there..also they are promoting Else on their platform.
PlantX announces expansion into Israel
Thursday, December 17, 2020, 8:30 AM ET
VANCOUVER, BC, Dec. 17, 2020 /CNW/ - PlantX Life Inc. (the "Company" or "PlantX") (CSE: VEGA) (Frankfurt: WNT1) is pleased to announce its plans to expand the Company's e-commerce platform into the State of Israel. The Company's Israeli expansion will also include establishing a future brick and mortar PlantX location in the country.
Today's announcement follows yesterday's announcement of Psagot Investment House Ltd., an Israeli investment firm and Israel's largest pension fund manager, leading the Company's recently closed non-brokered $11.5 million private placement (for further details, please see the Company's press release dated December 16, 2020).
PlantX Israel's operations will be led by VP of Israel Operations Ms. Mili Ben-David and VP of Global Expansion Mr. Michael Blicher. Ms. Ben-David currently lives in the country and Mr. Blicher will be relocating to Israel to join the PlantX team. Ms. Ben-David and Mr. Blicher will be tasked with finding a suitable site for PlantX's first brick and mortar location in Israel, building partnerships with local brands and chefs, and establishing and growing the PlantX community in the country. The duo will also help introduce popular plant-based US brands to Israel and importing popular Israeli plant-based brands to PlantX's North American market.
"Israel overall has a strong leaning towards plant-based products due both to emerging trends and dietary laws that many Israeli Jews follow that prohibit meat or dairy following eating one or the other," said Mr. Blicher, PlantX VP of Global Expansion. "We are thrilled and excited to expand our e-commerce platform to another international market, to provide Israeli consumers with enhanced choice, widen our product offerings with Israeli brands, and offer the unique PlantX shopping and customer service experience to Israel."
The Company owns the domain www.PlantX.co.il and will be launching it with the flagship brick and mortar location. PlantX Israel customers will receive the same PlantX online experience and services as its North American customers, including plant-based meal delivery, indoor plant delivery, access to plant-based products, updated weekly recipes, a plant-based restaurant locator and informational articles regarding plant-based trends. The Israeli plant-based offerings will include an assortment of products including pantry essentials, groceries, vitamins, cosmetics and pet food.
PlantX's Israeli expansion plans include the establishment of franchise locations across the country. The expansion of turnkey retail solutions and franchises in Israel will be led by Israeli-founded Iris Construction Management ("Iris"). Iris' founders share a vision with PlantX to spread health, wellness and plant-based education to consumers. This partnership with Iris will allow PlantX to continue in its pursuit of becoming a one-stop shop for everything plant-based and a digital leader in the plant-based community.
"An advantage of working with Iris Construction Management is that our expertise has been proven across the world," said Scott Kurz, Iris Construction Management Development Manager. "We can help franchises grow their business on a global scale and we are proud to help PlantX bring their innovative brand to Israel."
"The Mediterranean diet has plenty of flavours with many vegan dishes," said Ms. Ben-David. "Eating plant-based products was a way of survival, since the days of the 'Kibbutz.' This simplicity is still what we see on the table, especially at an Israeli breakfast table, which are known for their extensive spread of vegetables, grains and many different types of salads."
PlantX continues to advance its plans to open its first brick and mortar locations in San Diego, California and Squamish, British Columbia, with plans for future franchises across North America.
Once complete, PlantX's location in Israel will be the Company's first overseas brick and mortar location and will feature a shop with a wide-variety of plant-based products, a plant-based café, a restaurant with plant-based pre-made meals and an education center for consumers to learn more about plant-based living. PlantX plans to continue to expand its e-commerce platform to other countries with new and exciting partnerships, acquisitions and verticals in the plant-based industry.
"Seeing our company grow around the world so quickly is very exciting and we could not be more pleased with our expansion," said Sean Dollinger, PlantX founder. "When we have two incredible people like Michael and Mili on the ground in Israel and Iris Construction Management from Israel, it just makes a lot of sense."
Corporate Update
PlantX announces that it has granted 1,870,000 incentive stock options (the "Options") to purchase common shares of PlantX ("Common Shares") to certain consultants of the Company. The Options are exercisable for a five (5) year period at a price of $1.45 per share. One quarter (1/4) of the Options will vest every three months from the date of grant.
PlantX also announces that it has granted 4,153,000 restricted share units ("RSUs") to certain directors, officers and consultants of the Company pursuant to the Company's restricted share unit plan ("RSU Plan"). The RSUs have a term of one (1) year of which one quarter (1/4) of the RSUs will vest every three (3) months from the date of grant. The RSUs will not vest or be paid out until the RSU Plan has been approved and ratified by shareholders. The Company intends to seek shareholder approval of the RSU Plan at the Company's next annual general meeting. Further details regarding the RSU Plan will be set out in the management information circular of the Company, which will be mailed to shareholders and filed on SEDAR in connection with the Company's next annual general meeting.
PlantX also announces that it will issue an aggregate of 437,931 Common Shares to a consultant of the Company (the "Consultant"), at a deemed price of $1.45 per Common Share for services rendered in accordance with the terms of a consulting agreement with the Company. The Common Shares issued to the Consultant will be subject to a 4 month hold period from the date of issuance in accordance with the policies of the CSE.
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.
The Company website is http://investor.PlantX.com/.
Based on what MF is into..and what ZT has going for OW as well as his other ventures in the hemp and CBD fields...there is something here...for sure...
You should also be looking at plant based companies out of Vancouver that are making disposable pods for Keurig type machines as well as packaging companies that are now making plant based disposable packaging that breaks down quickly in the soil instead of taking hundreds of years.
These are the Canadian tickers:
NEXE, GDNP
Early days......in both of these.
No idea..I only know the ZT and MF are tied at the hip.
Dude..I posted about this company weeks ago...around the first week in December...you must have missed it..I got in @ .054 originally...also you should look at EATS.
I have traded in and out of these a few times already and have now established a core position.
There are boards I set up for both companies...EATS VEGA...the ticekr(s) might be different for the US side now that that they trade there.
Why does this still matter?
There is lots to be hopeful about....
Things however need to be kept in the proper perspective and incessant pumping is not needed here.
Nor does it work.
Flings and the removal of the stop sign...should be the priority if this ticker is to be embraced by the trading market.
The evidence is staring you in the face...struggling to stay above a penny.
https://www.wellandgood.com/plant-based-eating-prep-tips/?fbclid=IwAR2intpkfhn8onLEAGhCqGFO4zlUfkMgMV7RumTfiIjjHGJzjPASA9kgoEw
Having a spouse and a daughter who are vegetarians..I have embraced their diet..I still eat a little fish and chicken...but 80 percent of my diet is now plant based.
I have to admit the benefits have been off the chart.
weight loss
more energy
feel better
Being 64 , those are all big things for me.
https://www.wellandgood.com/plant-based-eating-prep-tips/?fbclid=IwAR2intpkfhn8onLEAGhCqGFO4zlUfkMgMV7RumTfiIjjHGJzjPASA9kgoEw
Having a spouse and a daughter who are vegetarians..I have embraced their diet..I still eat a little fish and chicken...but 80 percent of my diet is now plant based.
I have to admit the benefits have been off the chart.
weight loss
more energy
feel better
Being 64 , those are all big things for me.
Feldenkrais and Turner of OWC signed a deal already....the pr has been posted here....Turner and Feldenkrais have known each other for many years..
It's safe to assume there is more to the relationship than just OWC...
Turner has several companies that deal with edibles and hemp products..
https://news.yahoo.com/pelicann-edibles-cannibble-food-tech-130000256.html
https://nocamels.com/2019/09/cannabis-food-tech-cannibble-us-launch/
IT wasn't a vacation dude...you try two 12 hour flights in one week and 4 very full days...some vacation.
I really mishandled this one..I was in originally from .54 ..I got impatient and dumped my position..of course it ran up well over 1.40
I am back in now with a comfortable position from the high .90's.
These guys are in to some interesting things.,..we'll see where this goes.
I am really liking EATS!
And factually that information has all been discredited as misinformation that was fed to me when I was there by the criminal Bignitz..Insistence on bringing that up again and again is really a sad commentary..
Considering this has been discussed here several times....
Speaks to character.
Actually you have got this backwards.
Welcome aboard.
Delay tactic for what....
Fantasy Island?
THat's not what a shell game is vis-a-vis business.
For example.....
The latest example can be found in Britain…
RBS and Lloyds sell repossessed properties to subsidiaries
Britain’s taxpayer-owned banks are selling repossessed property assets to their own subsidiaries to avoid billions of pounds of losses that would be incurred by selling them in the open market.
—
The practice, which was popular towards the end of the recession of the early 1990s, enables banks to avoid selling assets that have fallen significantly in value and are in negative equity to an outside buyer, which would leave it nursing a loss.
—
An industry source familiar with the practice said: “This is a legitimate strategy that was pursued at the end of the previous recession. It means that the bank is able to avoid crystallising the loss, although it is still on the balance sheet.
“They will do this with a small proportion of the total outstanding debts. All the banks must do to meet regulations is maintain capital lending.”
These are concepts...lol
One of the deals...MF already owned 50%....so if you read the pr..essentially he is dealing with himself...lol
THIs is nothing more than a giant shell game at this point.
Between the financials being out of date...the stop sign...and the shell game.... the market is unimpressed.
We're now in the trips....
But by all means...pump away.
Had a brief chat with Ziv this morning ..
Here's the update:
"Nothing new. Still waiting to complete the legal processes to get the reorganization plan in motion"
This process should take no more than 60-90 days.
Ziv indicated things would move quickly relative to how long it usually can take.
And the market burped.....
Until the financials are cleaned up and the stop sign removed....the ticker remains toxic...imo.
If that's all you're looking for..then good luck to you.
My BABYF Pitch: "Awesome opportunity to get in on the ground floor of what will become a hugely successful operation that will change infant nutrition as we now know it."
THis is a sound ...fully funded..etc....company.
There would be no other reason for the stock to take a haircut after every time it has a strong move up and has good news.
I been at this a while..I worked in the brokerage industry.
I know what goes on.
If you think I'm wrong state your case.
Completely irrelevant and has nothing to do with the new CEO or his plans...very disingenuous to post this now.
Thanks for verifying what I have said.....
I don't care..
Of course you bought a house..and a car and you built an empire...just like every other trader here...lol
Not having the ability to consider options is one of the main reasons traders fail....
Having the ability to analyze a situation instead of posting incessant garbage not based in reality...ya...blah blah blah...lol
I don't believe for one minute that the play is with CATV.
The share structure and the financials of this ticker are a mess.
Why pay to fix all that when you can merge into a company that has a proper share structure and up to date financials.
Everyone needs to think about this.
I am not saying that the way in isn't through CATV for shareholders...but why spend thousands as a company when there is a much smarter way to get the company current and the stop sign removed.
Doesn't seem to be a priority right now.
For what it's worth and what I know...that information is not relevant.
There is nothing going on between the company and any of those named companies.
I would suspect that page was prepared but never made public via a working link from the website.
The intention might have been there to work with any of those companies...but nothing ever developed.
Or Bignitz did this as part of his scam.
Much ado about nothing.
Then without that link...go to owcpharma.com and see if you can navigate to that page....there is no natural link.
LIke I said the other day...there seems to be desperation to prove something good is afoot and will happen...
I am patient and don't get all giddy from a LOI or MOU's....they are meaningless.
Let them announce a firm deal...and I will be happy...otherwise...all the exuberance being displayed smells of desperation.