PlantX Life (CSE: VEGA) (OTC: PLTXF) (Frankfurt: WNT1) is the digital face of the plant-based community that operates a one-stop shop for plant-based products. The company today announced that Capital Y Management, a New York-based hedge fund, has issued an independent research report stating that PlantX is “forging a clear path to large scale relevance in a rapidly growing set of markets” and is “unjustifiably cheap.” Capital Y Management forecasts a C$0.89 per share price target by July 30, 2023, which would represent an enterprise value of approximately C$15 million. “We have spent the last couple of years fine tuning a collection of assets to serve the needs of the growing plant-based community,” said PlantX CEO Lorne Rapkin. “It is gratifying that this independent report has recognized how the combination of our integrated model of online marketplaces, physical brick-and-mortar locations, and in-house fulfillment creates incremental revenue potential and leverages our established cost base to enhance margins. While we are not commenting on the specific projections in the report, we are working tirelessly to build upon our market leadership as we work toward our goal of profitability in 2023.”
To view the full press release, visit https://ibn.fm/axFb2
About PlantX Life Inc.
As the digital face of the plant-based community, PlantX’s platform is a one-stop shop for plant-based products. With its fast-growing category verticals, the company offers customers across North America more than 5,000 plant-based products. In addition to offering delivery service for meals and indoor plants, the company currently has plans underway to expand its product lines to include a juice and coffee company. PlantX uses its digital platform to build a community of like-minded consumers and, most importantly, to provide education. Its successful enterprise is being built and fortified on partnerships with the top nutritionists, chefs and brands. The company’s digital presence works to eliminate the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life. For more information, visit the company’s investor website at https://Investor.PlantX.com.
NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork
