PLTXF - InvestorNewsBreaks - PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) Announces $10M Debt Financing
PlantX Life (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) today announced that it has obtained debt financing whereby it may borrow a principal amount of up to $10,000,000 from an arm’s-length creditor (the “holder”), pursuant to the terms and subject to the conditions of a secured convertible promissory note issued to the holder (the “convertible note”). According to the update, with this financing, the company is no longer pursuing its non-brokered private placement that was previously announced on July 13, 2022. “We listened to the feedback of shareholders and have secured financing at attractive terms that is a more appropriate way for PlantX to fund its operations and plans,” PlantX CEO Lorne Rapkin said in the news release.
To view the full press release, visit https://ibn.fm/vPAt6
About PlantX Life Inc.
As the digital face of the plant-based community, PlantX’s platform is 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 currently has plans underway to expand its product lines with its own juice and coffee companies -- but the business is not limited to an e-commerce platform. 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 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, visit the company’s investor website at https://Investor.PlantX.com.
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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