Principals of Wealth Research Group own CAD$1.44M worth of shares (1.163M shares) and I want to update that this morning the company announced that it is raising a minimum of C$10,000,000, in order to fund expansion, to continue to develop a user app, to evaluate and pursue potential strategic acquisitions, and for working capital and general corporate purposes.
Market Research Future projects that the global plant-based food market is expected to acquire a market value of USD$37.9816 billion while recording a CAGR of 10.20% by 2027.
Conduct your due diligence on PlantX Life (CAD: VEGA & US: PLTXF)!
In our view, looking at what the past year has brought about, there's a real change in people's approach to nutrition and PlantX Life (US: PLTXF) might be in one the ultimate situations to build upon this:
76% of Americans say that plant-based foods are healthy
46% of Americans agree that plant-based proteins are better for you than animal-based proteins
The top reasons U.S. adults consume plant-based proteins are for the taste (52%), health benefits (39%), environmental benefits (13%), and the protection of animals (11%)
Among first-time buyers of plant-based proteins, the most important factors are taste (65%), natural ingredients (41%), and protein content (35%)
PlantX Life's (US: PLTXF) strategy of building an online E-commerce platform with tens of thousands of products, items, services and subscription-model recurring revenue streams, at the same time as running megastores, such as the ones that Apple Inc. have used, in order to turn customers into raving fans, could be a winning strategy!
Their upcoming estimated launch of the San Diego location is serious progress, as we see it. Under the terms of the agreement that PlantX announced back then, Liv Marketplace will purchase a minimum of USD$25,000,000 of PlantX Life’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 under the agreement!
Data shows that around 18% of Americans who have bought plant-based protein did so for the first time during the past 12 months. More importantly, 92% of those said they would likely continue to buy plant-based meat alternatives
One in three millennials identified as flexitarian (meat-eaters who are making a conscious effort to substitute animal meat with plant-based protein in their diets) while two-thirds of Americans say they have cut back on their meat intake.
Traditional food companies are investing heavily in plant-based protein startups as a way to forge relationships and gain expertise: 301 INC, a business development unit within General Mills, focused on identifying top-line growth opportunities in emerging food companies, has invested more than $100 million in venture capital across a dozen startups. Six of them are plant-based, including Beyond Meat. Tyson Ventures features an “Internet of Food” fund, through which it has invested in plant-based startups.
Conduct your due diligence on PlantX Life (CAD: VEGA & US: PLTXF)!
On November 6th, 2020, the company announced its acquisition of Bloombox Club UK, whose crucial details we've summarized below:
Bloombox Club UK is a privately held e-commerce company based in the United Kingdom that sells and delivers indoor plants to its established wellness community via a subscription service and online shop.
Bloombox Club UK started in 2015. Since then, it has delivered over 55,000 plants to over 24,000 customers across the U.K. and achieved a high 4.4-star rating on Trustpilot.
Bloombox Club UK is currently on a C$3.9 million (£2.2 million) annual run rate (ARR) and is on target to achieve approximately C$4.5 million (£2.6 million) in gross revenue and approximately C$2.3 million (£1.3 million) in gross margin for its current financial year.
With today's announcement, the company's management should continue to build upon their previous achievements. Principals of Wealth Research Group own 1.163M shares in the company!
Best Regards,
Lior Gantz
Market Research Future projects that the global plant-based food market is expected to acquire a market value of USD$37.9816 billion while recording a CAGR of 10.20% by 2027.
Conduct your due diligence on PlantX Life (CAD: VEGA & US: PLTXF)!
In our view, looking at what the past year has brought about, there's a real change in people's approach to nutrition and PlantX Life (US: PLTXF) might be in one the ultimate situations to build upon this:
76% of Americans say that plant-based foods are healthy
46% of Americans agree that plant-based proteins are better for you than animal-based proteins
The top reasons U.S. adults consume plant-based proteins are for the taste (52%), health benefits (39%), environmental benefits (13%), and the protection of animals (11%)
Among first-time buyers of plant-based proteins, the most important factors are taste (65%), natural ingredients (41%), and protein content (35%)
PlantX Life's (US: PLTXF) strategy of building an online E-commerce platform with tens of thousands of products, items, services and subscription-model recurring revenue streams, at the same time as running megastores, such as the ones that Apple Inc. have used, in order to turn customers into raving fans, could be a winning strategy!
Their upcoming estimated launch of the San Diego location is serious progress, as we see it. Under the terms of the agreement that PlantX announced back then, Liv Marketplace will purchase a minimum of USD$25,000,000 of PlantX Life’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 under the agreement!
Data shows that around 18% of Americans who have bought plant-based protein did so for the first time during the past 12 months. More importantly, 92% of those said they would likely continue to buy plant-based meat alternatives
One in three millennials identified as flexitarian (meat-eaters who are making a conscious effort to substitute animal meat with plant-based protein in their diets) while two-thirds of Americans say they have cut back on their meat intake.
Traditional food companies are investing heavily in plant-based protein startups as a way to forge relationships and gain expertise: 301 INC, a business development unit within General Mills, focused on identifying top-line growth opportunities in emerging food companies, has invested more than $100 million in venture capital across a dozen startups. Six of them are plant-based, including Beyond Meat. Tyson Ventures features an “Internet of Food” fund, through which it has invested in plant-based startups.
Conduct your due diligence on PlantX Life (CAD: VEGA & US: PLTXF)!
On November 6th, 2020, the company announced its acquisition of Bloombox Club UK, whose crucial details we've summarized below:
Bloombox Club UK is a privately held e-commerce company based in the United Kingdom that sells and delivers indoor plants to its established wellness community via a subscription service and online shop.
Bloombox Club UK started in 2015. Since then, it has delivered over 55,000 plants to over 24,000 customers across the U.K. and achieved a high 4.4-star rating on Trustpilot.
Bloombox Club UK is currently on a C$3.9 million (£2.2 million) annual run rate (ARR) and is on target to achieve approximately C$4.5 million (£2.6 million) in gross revenue and approximately C$2.3 million (£1.3 million) in gross margin for its current financial year.
With today's announcement, the company's management should continue to build upon their previous achievements. Principals of Wealth Research Group own 1.163M shares in the company!
Best Regards,
Lior Gantz
Robert
