PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) has released its gross revenue numbers for June 2022. The company has totaled C$1489,988 gross revenue for the month, an increase of C$735,988 over the same period in 2021, representing year-over-year gross revenue growth of approximately 97%; cost of goods sold totaled $968,492 for the same month. According to the announcement, the numbers are management prepared and have not been audited or reviewed by official company auditors. In addition, the company noted that it is working on restating its annual audited comparative financial statements for the fiscal year ending March 31, 2021, and has applied for the issuance of a management cease trade under the provisions of National Policy 12-203 because it anticipates being delayed in filing those documents by the required filing deadline of July 29, 2022. PlantX is also focused on completing its 2022 annual financial statements, which it expects to have filed no later than September 27, 2022. According to the announcement, PlantX intends to satisfy the provisions of NP 12-203 and issue biweekly default status reports as long as the company remains in default of the 2022 annual financial statement filing requirement; the company is not subject to any insolvency proceedings nor is there any other material information concerning the affairs of the company that has not been generally disclosed. “As we continue to build on our monthly revenue and performance, it is very exciting to see the growth compared to the same time last year,” said PlantX CEO Lorne Rapkin in the press release. “Our team is extremely dedicated and works day in and day out to contribute to the success of each of the Company’s verticals and more importantly, establish the tone for becoming leaders in the e-commerce plant-based space. The team is also focused on reducing costs to increase cashflow aiming to maximize profitability.”
To view the full press release, visit https://ibn.fm/mGciE
About PlantX Life Inc.
PlantX is committed to being the digital face of the plant-based community as well as the one-stop shop for everything plant based. With its fast-growing category verticals, the company offers customers across North America more than 5,000 plant-based products. In addition to offering meal and indoor-plant deliveries, the company plans to expand its product lines to include groceries, cosmetics, coffee, juice and home goods. However, the business is not limited to an e-commerce platform. PLTXF 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. 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. For more information about this company, please visit www.PlantX.com and www.PlantX.ca.
NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF
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