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PlantX Life generates record January revenue of more than C$1M

The company said its growth continues to be driven by its marketing and branding efforts as well as PlantX 's innovative partnerships

PlantX Life Inc. -
PlantX Life said revenue for January exceeded management's expectations, given that e-commerce sales were expected to be slower following the holiday season

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

Quick facts: PlantX Life Inc.

Price: 1.16 CAD

CSE:VEGA
Market: CSE
Market Cap: $62.63 m
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PlantX sees record breaking January with over 1 million in gross revenue

PlantX Life Inc (CSE: VEGA- OTCQB: PLTXF) CEO Julia Frank joined Steve Darling from Proactive with news the company saw gross revenue in January of over one million dollars. Frank telling Proactive this was a great way to start the year considering January can be very slow for E-commerce...

2 weeks, 3 days ago

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