Friday 31 March 2023

PlantX Life acquires online domain

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VANCOUVER, BC, Canada – PlantX Life Inc., the digital face of the plant-based community, operating a one-stop shop for plant-based products, announces that it has completed its previously announced acquisition of the online domain, and certain associated intellectual property and assets from Veji Holdings Ltd (“Veji”). and its wholly-owned subsidiary, Veg Essentials LLC, for an aggregate purchase price of C$893,000 (the “Acquisition”).

The purchase price was satisfied by (i) cash in the amount of C$143,000 and (ii) the issuance of 1,071,428 common shares (the “Consideration Shares”) at a deemed issue price of C$0.70 per share.

In connection with the Acquisition, the Company paid a finder’s fee of 102,857 common shares at a deemed issue price of $0.70 (the “Finder’s Fee Shares”) to an arm’s length finder for its assistance in introducing the Veji to the Company.

The Consideration Shares and the Finder’s Fee Shares are subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange.

About PlantX Life Inc.

As the digital face of the plant-based community, PlantX’s platform is a one-stop shop for plant-based products. With its fast-growing category verticals, the Company offers customers across North America more than 5,000 plant-based products.

In addition to offering delivery service for meals and indoor plants, the Company currently has plans underway to expand its product lines to include a juice and coffee company.

The Company uses its digital platform to build a community of likeminded consumers and, most importantly, to provide education. Its successful enterprise is being built and fortified on partnerships with the top nutritionists, chefs, and brands.

The Company’s digital presence works to eliminate the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier, and happier life.

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