PlantX Life Inc (CSE:VEGA) (OTCQB:PLTXF) (FRA:WNT1) reported that it has achieved record monthly gross revenue of $1,089,502 for January, while recording $751,356 in cost of goods sold.
The company noted that revenue for January exceeded management's expectations, given that e-commerce sales were expected to be slower following the holiday season.
“It is truly encouraging to achieve yet another incredible revenue milestone and to start the new year with such vigor and success,” PlantX Life CEO Julia Frank said in a statement.
READ: PlantX Life is the digital face of the growing plant-based community
She added: “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.”
PlantX Life said it believes its 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, as its growth continues to be driven by its marketing and branding efforts, as well as PlantX 's innovative partnerships and values-driven approach to successfully meeting consumer demand.
The company added that it realized gross revenue of $1,029,883 for December, during what PlantX called the “highly-dynamic holiday season.”
PlantX's digital platform is a 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.
Also, PlantX 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.
Contact Sean at sean@proactiveinvestors.com
