05:28:11 EDT Tue 22 Oct 2024
Enter Symbol
or Name
USA
CA



Plantx Life Inc (4)
Symbol VEGA
Shares Issued 1,232,158
Close 2024-10-04 C$ 0.52
Market Cap C$ 640,722
Recent Sedar Documents

Plantx Life's Q3 revenue at $1.31-million

2024-10-09 15:12 ET - News Release

Mr. Lorne Rapkin reports

PLANTX LIFE INC. REPORTS 258% INCREASE IN PROFIT FOR Q3 2024 AT ITS EXPERIENTIAL LOCATIONS, THE LOCAVORE BAR & GRILL & CLOUDBURST CAFE IN SQUAMISH, BC

Plantx Life Inc. had a significant profit increase for its Squamish, B.C., experiential locations in Q3 2024. The Locavore Bar & Grill and Cloudburst Cafe saw a remarkable 258-per-cent net profit increase compared with the same period in 2023, signalling strong growth and long-term success.

Revenue for Q3 2024 was $1,314,208, a 2.27-per-cent increase compared with Q3 2023's revenue of $1,285,057. However, the true standout metric is profitability: The Locavore Bar & Grill posted a net profit of $93,230 for Q3 2024, up from $25,991 in Q3 2023, showcasing a 258-per-cent year-over-year profit increase.

Lorne Rapkin, chief executive officer of Plantx Life Inc., commented: "It's incredibly impressive to see this level of growth coming from our Squamish, B.C., location. We've always known that this was a special place with immense potential, and now the numbers are clearly reflecting that. If you're ever in the B.C. area, we'd love to invite you to visit the location and experience the magic for yourself."

Plantx remains committed to leveraging its strong community-driven approach to foster growth at its experiential locations while expanding its offerings to promote healthier, plant-based living.

About Plantx Life Inc.

The company focuses on fostering niche on-line wellness communities as well as creating physical immersive environments. Bloombox Club, an on-line plant delivery marketplace operating across the United Kingdom and the European Union, and the Locavore Bar & Grill, a unique dining experience that started as a humble food truck and coffee shop in the heart of Squamish, B.C., are key verticals of Plantx. The company recently completed a share exchange agreement and is now a shareholder in Veg House, a company whose portfolio of assets is leading the way in the plant-based space. Plantx works to build a community of like-minded consumers and provide education on plant-based living. Its enterprise is built on partnerships and collaboration. The company's digital presence aims to eliminate 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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