PlantX Life Inc. is pleased to announce that it achieved record monthly gross revenue of $1,565,982 for March 2021 and a revenue of $1,353,613 for February 2021. Cost of Goods Sold were $1,152,276 and $994,260 for March and February, respectively.
PlantX continues to experience month-over-month revenue increases, as shown by the financial results in recent months. For the month of March 2021, the Company achieved a new record gross revenue of $1,565,982, reflecting a 15.6% increase from February 2021 and a 43.7% increase from January 2021. These accomplishments are a reflection of the Company’s dynamic expansion and its unwavering commitment to delivering the best quality products and services to its loyal customer base. The monthly revenue increase also builds confidence in PlantX’s capabilities to continue on a growth trajectory for the rest of 2021.
“The Company’s progress is a manifestation of its results-driven strategy to capitalize on high-growth verticals, create strategic partnerships and expand globally,” said PlantX CEO, Julia Frank. “PlantX continues to add value as a leader in the plant-based industry.”
“The recent revenue growth is a strong indicator that we are consistently building great momentum in our quest to thrive as a business,” said PlantX Founder, Sean Dollinger. “Our financial progress continues to accelerate month after month, and we have no intention of slowing down.”
The financial results disclosed in this press release are management prepared and have not been audited or reviewed by the Company’s auditors. Unless otherwise indicated, all amounts are expressed in Canadian dollars.
About PlantX Life Inc.
As the digital face of the plant-based community, PlantX’s platform is the one-stop shop for everything plant-based. With its fast-growing category verticals, the Company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the Company currently has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — but the business is not limited to an e-commerce platform. The Company uses its digital platform to build a community of likeminded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The Company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life.
The Company website is http://investor.PlantX.com/.