** A Thorough Overview ** PlantX (copy/paste Futur
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We want to show you a company that principals of Future Money Trends are shareholders of, to the tune of 1.163M shares. It's a company that has been referred to as the "Vegan Amazon" by its customers, has posted record monthly revenue numbers in both December 2020 and January 2021 (back to back), has already announced that it has applied to list on the NASDAQ, has their operations spread across Europe, Canada, and the United States, and has have been implementing a strategy, modeled after Apple Inc.'s hybrid approach of e-commerce online shopping and physical retail megastores.
As I said, principals of Future Money Trends own CAD$1.6M worth of shares and I want to describe what this business has done thus far.
Conduct your due diligence on PlantX Life (CAD: VEGA & US: PLTXF)!
What the company owns are the PlantX.com and PlantX.ca E-commerce stores, where thousands of products are sold to the vegan community with an emphasis on plant-based customers.
This industry is growing fast!
The meat industry is worth $950bn in annual sales and the global foodservice market is worth $4tn. BlackRock (America’s biggest money manager, with $8.67tn in assets under management) just added a large stake in a plant-based food company to its iShares Total U.S. Stock Market Index Fund.
Courtesy: Statista
The company's strategy is to grow its own online platform organically while adding hundreds of thousands of items/brands to it in the next year.
The end result is to make it a one-stop-shop and dominate SEO (Search Engine Optimization) for North America for keywords when looking for vegan and plant-based products.
Just like Apple Inc. has megastores that are created for the purpose of allowing prospective customers to feel the company's many products and get educated about their merits, PlantX Life (US: PLTXF) is also building a 4,500-square-foot location in San Diego, which is estimated to open on in the coming weeks, as per management.
What they did is enter into a partnership agreement with Liv Marketplace LLC, whereby Liv Marketplace will serve as the exclusive online fulfillment partner and retail distributor of the company’s products in the United States.
In addition, Liv Marketplace will establish and operate retail stores, coffee shops, and cafes in the United States under the PlantX name, beginning with the company’s first store location in San Diego, California.
The bottom line is this:
Liv Marketplace will purchase a minimum of USD$25,000,000 of the company’s products over a one-year term for distribution in the United States. In addition, Liv Marketplace will pay the company a 6% royalty on the gross revenue generated.
The Company’s business plan includes looking at potential acquisitions the company can potentially make in order to expand its footprint. For example, in late 2020, management announced that it had completed its acquisition of Bloombox Club UK, a privately-held e-commerce company that sells and delivers indoor plants to its established wellness community.
Secondly, PlantX Life then announced its partnership with House Plant Shop, which will feature its own brand of products on its new U.S. e-commerce platform. Over 200 variants of plant-related products will immediately be available to U.S. consumers, including an extensive array of plants, pots, gardening tools, accessories, and decorations, with plans to eventually reach over 500 products.
The company raised CAD$11.5M in December 2020 to continue implementing this expansion strategy, including a co-led order from Psagot Investment House, an Israeli investment firm and Israel’s largest pension fund manager, and PlantX founder.
Psagot invested CAD$1,498,750 and PlantX Life's invested CAD$550,000 in the offering. Conduct your due diligence on PlantX Life (CAD: VEGA & US: PLTXF)!
PlantX is also targeting to launch its flagship location in Israel, which will be the company’s first overseas brick-and-mortar location and will feature a shop with a wide variety of plant-based products, a plant-based café, a restaurant with plant-based, premade meals, and an education center for consumers to learn more about plant-based living.
In less than a year's time, the company went from having zero revenues to raising CAD$11.5M in the capital, generating over CAD$1.08M in monthly revenues on January 21', completing several acquisitions, and adding thousands of products to its online platform. They know the potential to become a potential dominator and leader in plant-based living is a big opportunity.
Therefore, the company added baby formula products from Else Nutrition to its online Website, which allows PlantX to further expand its category verticals.
The North American baby food and infant formula market continues to grow as new products are introduced. According to IMARC Group, the market is expected to reach a value of USD$16.6 billion by 2025 at a compound annual growth rate of 5.5% over the next five years.
Else Nutrition is a food and nutrition company that’s focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. It won the “2017 Best Health and Diet Solutions” award at the Global Food Innovation Summit in Milan.
Else Toddler Nutrition was a #1 Best-Seller on Amazon in the “Baby/Toddler Formula” category in 2020!
Right after that, PlantX Life (US: PLTXF) completed the acquisition of Score Enterprises, a privately-held company that operates the Squamish-based Locavore Bar & Grill and other related businesses, including the “Cloudburst Café” and “Locavore Food Truck.” The restaurant location will be redesigned as the flagship PlantX Canadian brick-and-mortar shop.
The 15,000-square-foot Locavore Bar & Grill will be redesigned as PlantX’s flagship Canadian location. The popular Cloudburst Cafe will become the PlantX Cafe, with an updated design and new menu, keeping the top-selling items.
Another revenue model for the company that we want to highlight is home meal delivery, which is part of the "new normal," and what the company is creating is a subscription-based “set and forget” option for consumers to have as many as 5 full days’ worths of nutritionally-balanced meals delivered to their door.
Courtesy: Edison Investment Research
PlantX Life (US: PLTXF) achieved record monthly gross revenue of $1,089,502 in January 2021. For the month of December 2020 and during the highly dynamic holiday season, the company achieved gross revenue of $1,029,883.
Remember that this year, Liv Marketplace is obligated to purchase $25,000,000 from PlantX Life, and Bloombox Club U.K. is a revenue generator as well.
The plant-based sector's biggest player is a company worth only $11bn!
The world's taste buds and food habits are in a revolutionary process; PlantX Life is positioned to be at the heart of it, in our opinion.
Conduct your due diligence on PlantX Life (US: PLTXF)!
Best Regards,
FutureMoneyTrends.com
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