PlantX Life Inc (VEGA)

[Alexulf]

Q3 2024 Financial Results

During Q3 2024, the Company demonstrated consistent growth and operational efficiency, with revenue totaling $ 9,184,678 and a net loss of $ 5,699,913. The Company's strategic focus on profitability was reinforced by a 5% increase in gross profit margin compared to the same period in 2022.


Operating expenses notably decreased by $1,829,856 compared to the same period in 2022, driven by prudent cost-cutting measures and heightened operational effectiveness. Advertising, promotion, consulting, and administrative expenses were all streamlined, reflecting the Company’s commitment to fostering a sustainable and thriving business.

The opening of the XMarket Vegan Food Hall and the strong financial performance in Q3 2024 signal PlantX's dedication to elevating the plant-based lifestyle through culinary innovation and operational excellence.

Additional Information

The Company’s complete condensed interim financial statements and management’s discussion & analysis (“MD&A”) for Q3 2024 are available on PlantX’s website (www.plantx.com) and SEDAR (www.sedar.com).