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PlantX Life ( OTCPK:PLTXF ) said Tuesday it generated monthly gross revenue of C$942,000 in January 2023, a decrease of 25% compared to C$1.261 million last year.
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The company said the decrease in revenue was driven entirely by its operational initiatives to accelerate path to long-term, sustainable profitability, which more than offset 46% growth in the Little West cold-pressed juice and Portfolio Coffee beverage businesses, and 48% growth in the Locavore Bar & Grill.
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Gross profit for January 2023 was about C$330,000, compared to C$441,000 in January 2022.
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PlantX Life reports revenue of C$942k in Jan