PLTXF - InvestorNewsBreaks - PlantX Life Inc. (CSE: VEGA) (OTC: PLTXF) (Frankfurt: WNT1) Announces May 2023 Results Including $930K in Monthly Gross Revenue
PlantX Life (CSE: VEGA) (OTC: PLTXF) (Frankfurt: WNT1), the digital face of the plant-based community, operating a one-stop shop for plant-based products, today announced unaudited monthly financial metrics for May 2023. The company reported a sequential increase in revenue to $930,000, with continued growth from PlantX Midwest, Portfolio Coffee, Locavore Bar & Grill and Vegan Essentials. “As we continue our geographic expansion beyond our core regions of Southern California and Chicago, we are prioritizing revenue streams that support appropriate margins and de-emphasizing lower-margin revenue streams with more limited growth opportunities,” said PlantX CEO Lorne Rapkin. “As we continue to scale our platform, this strategic focus will become increasingly important in our initiatives to drive margins in-line with other specialty food companies, facilitating our pathway to profitability.”
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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. PlantX also has other brands in its portfolio including a juice brand, a coffee company, a plant shop, and brick-and-mortar grocery stores. PlantX uses its digital platform to build a community of likeminded consumers and, most importantly, to provide education. The company’s digital presence eliminates entry barriers for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life.
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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