PLTXF - PlantX reports monthly gross revenue of $0.9M in April 2023

2023-06-01 11:29:58 ET

• PlantX Life ( OTCPK:PLTXF ) has generated monthly gross revenue of $897,000 in April 2023, up ~11% sequentially compared to $807,000 in March 2023; which was driven by strong growth from PlantX Midwest, PlantX UK and Vegan Essentials.
• In addition, the Co. continued to generate double-digit growth for its Locavore Bar & Grill concept and its Portfolio Coffee beverage business, as well as 6% growth for its Little West cold-pressed juice business.
• In addition, gross profit improved significantly across all key growth areas of the business, with consolidated margins improving 323 basis points to 44.2% compared sequentially to 41.0% gross margins.
• "We are nearing a key inflection point, where additional growth should drive disproportionate improvement in our profitability as we more effectively leverage our established platform and our competitive position in the marketplace." said CEO, Lorne Rapkin.
• PLTXF is +15.49% to $0.026.

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