New Independent Article On PlantX! New Independent Article On PlantX!
PlantX Life Inc. (OTCQB: PLTXF / CSE: VEGA.CN)
PlantX is a Canadian e-commerce platform known for being the digital face of all things plant-based. The company, which has over 5,000 vegan products, meal delivery services, and indoor plant delivery services, is quickly becoming a go-to plant-based e-commerce brand. PlantX reported a strong third-quarter 2022 performance, with revenue exceeding C$2.7 million, representing a 201% increase year-over-year.
Acquisitions and partnerships are two of PlantX’s key growth strategies. The company recently announced a partnership with BESTIES Vegan Paradise (“BESTIES”) to redesign and rebrand XMarket brick-and-mortar stores in Venice and Hillcrest, California, and BESTIES is also a pioneer in the plant-based industry, having won the “Best Grocery Store” award in the VegNews Veggie Awards for the past two years.
PlantX is focused on onboarding innovative plant-based product manufacturers onto its online platform, and the BESTIES partnership is one such measure that could unlock growth opportunities for the company.
PlantX are becoming a leading player in the growing plant-based industry and as such is likely to benefit from large growth in its consumer base. Analysts are suggesting PlantX may be experiencing a major recovery and as such, now may be the perfect time to get in.
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