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
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