For the month of december 2020 and during the very dynamic holiday season, the Company achieved gross sales of $ 1,029,883. This was surpassed by revenue for January 2021, which exceeded management’s expectations as e-commerce sales are expected to be slower after the holiday season. This success during one of the slowest ecommerce times of the year highlights the huge impact the company continues to have in the plant market. The Company’s growth continues to be driven by its marketing and branding efforts, as well as by the Company’s innovative partnerships. The strong sales figures reflect PlantX’s values-driven approach to successfully meeting consumer demand.
âIt’s really encouraging to reach another incredible sales milestone and to start the new year with such vigor and success,â said the CEO of PlantX. Julia franck. âThere are many more colorful growth opportunities on the horizon, and we are confident that our financial trajectory will reflect the remarkable and growing value our company brings to the plant industry. “
The financial results disclosed in this press release are prepared by management and have not been audited or reviewed by the auditors of the Company. Unless otherwise indicated, all amounts are expressed in Canadian dollars.
About PlantX Life Inc.
As the digital face of the plant community, PlantX’s platform is the one-stop-shop for everything plant-related. With its rapidly growing verticals, the Company offers its clients through North America more than 10,000 products of plant origin. In addition to offering meal and houseplant deliveries, the Company is currently considering expanding its product lines to include cosmetics, clothing, and its own water brand, but the business is not limited to to an electronic commerce platform. The company is using its digital platform to build a community of like-minded consumers and, more importantly, provide education. His thriving business is being built and strengthened through partnerships with the best nutritionists, chefs and brands. The company is removing barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life.
The Company’s website is http://investor.PlantX.com/.
This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained in this document which are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information may be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “should”, “plan”, ” anticipate “,” intend “,” potential “,” proposed “,” estimate “,” believe “or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” occur, or through discussions of strategy. The forward-looking information contained in this document includes, without limitation, the business and strategic plans of the Company.
By their nature, forward-looking information is subject to inherent risks and uncertainties which may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be correct; that the assumptions may not be correct; and that the objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information contained in this press release, including, without limitation: the Company’s ability to comply with all regulations, including all applicable food safety laws and regulations; the impacts on the Company’s activities and operations due to the COVID-19 epidemic; limited operating history; the Company’s ability to access capital to meet future financing needs; the Company’s dependence on management and key personnel; competetion; changes in consumption trends; fluctuations in foreign currencies; and general economic, market or business conditions.
Additional risk factors can also be found in the Company’s continuous disclosure documents, which have been filed on SEDAR and can be viewed at www.sedar.com. Readers are urged to carefully consider these and other factors, uncertainties and potential events, and not to place undue reliance on forward-looking information. The forward-looking information contained in this document is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management at the date on which such forward-looking information is made. The Company assumes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material differences between subsequent actual events and such forward-looking information, except as required by applicable law.
SOURCE PlantX Life Inc.
For further information: Alexandra Hoffman, Chief Marketing Officer, (323) 536-7973, [emailÂ protected]