PlantX Life Inc (VEGA)

[MjMilo]

PlantX Announces Record-Breaking Monthly Gross Revenue of $1,089,502 for January 2021

VANCOUVER, British Columbia — February 10, 2021 /CNW/ — PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) (“PlantX” or the “Company“) is pleased to announce that it achieved record monthly gross revenue of $1,089,502 for the month of January 2021. Cost of Goods Sold were $751,356 for the same month.

For the month of December 2020 and during the highly dynamic holiday season, the Company achieved gross revenue of $1,029,883. This was surpassed by January 2021’s revenue, which exceeded management’s expectations given that e-commerce sales were expected to be slower following the holiday season. This success during one of the slowest e-commerce periods of the year highlights the tremendous impact the Company continues to have in the plant-based marketplace. The Company’s growth continues to be driven by its marketing and branding efforts, as well as the Company’s innovative partnerships. The strong sales figures reflect PlantX’s values-driven approach to successfully meeting consumer demand.

“It is truly encouraging to achieve yet another incredible revenue milestone and to start the new year with such vigor and success,” said PlantX CEO Julia Frank. “There are many other colourful growth opportunities on the horizon, and we’re confident that our financial trajectory will reflect the remarkable and increasing value our Company brings to the plant-based industry.”

The financial results disclosed in this press release are management prepared and have not been audited or reviewed by the Company’s auditors. Unless otherwise indicated, all amounts are expressed in Canadian dollars.

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 likeminded 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.

CONTACT INFORMATION

For additional information, please contact:

Alexandra Hoffman

Chief Marketing Officer

[phone]

[e-mail]

The Company website is http://investor.PlantX.com/.