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For anyone interested in living a plant-based lifestyle, there are obstacles everywhere you go. Retail stores don’t always carry the vegan and vegetarian products you want, and even if you find them, you might have to go to dozens of different stores to get everything on your shopping list.
It shouldn’t have to be that way. Thriving in a longer, healthier, and happier life ought to be a right, not a privilege. Even the world of e-commerce, which seems to offer everything people could possibly want, often falls short in catering to vegetarian and vegan lifestyles.
Serial entrepreneur Sean Dollinger saw the discrepancy between the needs of the plant-based community and the limited product offerings that were currently available. To address this, he founded British Columbia-based PlantX (CSE: VEGA, OTC: PLTXF) as a passion project and a way to give back while focusing on something that he truly loves.
This certainly wasn’t Mr. Dollinger’s first foray into the world of start-ups. In fact, at the age of 17, he started a delivery company that quickly grew into the largest of its type in Canada. In 2014, he launched Namaste Technologies, his first public company.
Investors have been calling PlantX the “Amazon of Plants” and this description is credible because PlantX not only has a strong online presence, but also a customer growth profile that looks a lot like Amazon did in the early days.
Plus, PlantX offers its customers across North America convenient access to more than 10,000 plant-based products, with more being added constantly. Unlike Amazon and some other e-shopping platforms, PlantX can be trusted to screen its products carefully – if it’s not plant-based, PlantX doesn’t offer it.
Home delivery of meals is a market that’s thriving during a global pandemic because dining in restaurants isn’t always the safest option nowadays. As a result, the market conditions are ideal for PlantX Life Inc., a platform for well-known chefs to create plant-based meals and customers to have them delivered right to their door.
You probably expected that a company like PlantX would offer vegan meals, but that’s not all. With the help of strategic partners Geoponics Inc. and House Plant Shop, PlantX ships house plants across Canada and the U.S.
In the last three years, houseplant sales in the U.S have increased by 50% to $1.7 billion, according to the National Gardening Association. We all know that being close to nature reduces stress and boosts immunity, so bringing plants into a home is super beneficial – and the PlantX Website offers a huge selection of them.
Even with the company’s already expansive array of meal and plant delivery options, Mr. Dollinger is preparing to significantly expand PlantX’s category verticals. Much like Chewy.com did for the pet space and Zappos did with the footwear market, PlantX is truly becoming the one-stop shop for everything plant-based.
Revenues are coming in at a record pace, too. Believe it or not, PlantX Life achieved record monthly gross revenues of CAD$1,029,883 in December, marking a 60% increase from the company’s gross revenue of around CAD$640,000 in November.
This company is clearly in expansion mode. This begs the question: what market sector will PlantX move into next? Actually, we have the answer since Mr. Dollinger recently revealed his company’s newest venture: a strategic partnership with Nootka & Sea, a company that engages in the business of apothecary and cosmetics.
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In the last three years, houseplant sales in the U.S have increased by 50% to $1.7 billion, according to the National Gardening Association. We all know that being close to nature reduces stress and boosts immunity, so bringing plants into a home is super beneficial – and the PlantX Website offers a huge selection of them.
Even with the company’s already expansive array of meal and plant delivery options, Mr. Dollinger is preparing to significantly expand PlantX’s category verticals. Much like Chewy.com did for the pet space and Zappos did with the footwear market, PlantX is truly becoming the one-stop shop for everything plant-based.
Revenues are coming in at a record pace, too. Believe it or not, PlantX Life achieved record monthly gross revenues of CAD$1,029,883 in December, marking a 60% increase from the company’s gross revenue of around CAD$640,000 in November.
This company is clearly in expansion mode. This begs the question: what market sector will PlantX move into next? Actually, we have the answer since Mr. Dollinger recently revealed his company’s newest venture: a strategic partnership with Nootka & Sea, a company that engages in the business of apothecary and cosmetics.
Courtesy: globenewswire.com
Nootka & Sea is a lifestyle brand with a West Coast feel and the company’s products will soon be available to order in the beauty section of PlantX’s Canadian and U.S. e-commerce sites, PlantX.ca and PlantX.com.
The Nootka & Sea brand perfectly complements the PlantX identity and expands the company’s current verticals and partnerships. With this strategic collaboration, PlantX is well-positioned to take advantage of the burgeoning plant-based beauty and cosmetics market.
“We are aiming to be the digital face of the plant-based community, and as such we want to be able to carry and offer the very highest-quality products for our customers,” commented Mr. Dollinger. “This partnership will help us capitalize on this exciting market.”
As we would expect, Nootka & Sea is committed to using only high-quality plant-based ingredients, which fits perfectly with the PlantX vision. The Nootka & Sea retail location in Squamish, British Columbia (very close to the newly acquired PlantX flagship brick-and-mortar store) sells aromatherapy products, such as essential oils and diffusers; men’s grooming products, such as beard care and scalp tonic; home goods; and curated gift boxes.
“Having a brand and location situated close to our new Canadian flagship store is so exciting,” said PlantX CEO Julia Frank. “With our distribution and resources as an e-commerce site, we believe we can turn this into one of our largest verticals.”
This new venture into the beauty and cosmetics market is definitely exciting, as it’s another area that PlantX can conquer in its quest to bring the wide world of plant-based products to the people.
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Introduction
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Compensation
On November 24th, 2020, in connection with our agreement with PlantX Life Inc, we received $400,000USD to Gold Standard Media LLC. This was for a 6 month agreement. Wallace Hill Partners LTD on December 5, 2020 purchased 1,163,636 common shares at CAD0.55 and 1,163,636 warrants with a price of CAD0.75 through a private placement.