PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) said it achieved record monthly gross revenue of C$1,565,982 in March 2021, a 15.6% increase from February and a 43.7% increase from January of this year.
PlantX Life noted that it continues to experience month-over-month revenue gains and is confident in its capabilities to remain on a growth trajectory for the rest of the year.
"The company's progress is a manifestation of its results-driven strategy to capitalize on high-growth verticals, create strategic partnerships and expand globally," PlantX Life CEO Julia Frank said in a statement. "PlantX continues to add value as a leader in the plant-based industry."
READ: PlantX Life is the digital face of the growing plant-based community
PlantX Life founder Sean Dollinger also commented, stating: "The recent revenue growth is a strong indicator that we are consistently building great momentum in our quest to thrive as a business. Our financial progress continues to accelerate month after month, and we have no intention of slowing down."
As well, the company noted that its cost of goods sold were $1,152,276 and $994,260 for March and February, respectively.
Vancouver-based PlantX styles itself as the digital face of the plant-based community with a one-stop destination for all things plant-based, like an online shop and meal delivery services. The online shop houses over 5,000 vegan products, and its recently-added meal service delivers chef-created dishes straight to the doors of Western Canada. All in all, the company offers more than 10,000 plant-based products.
In addition to offering meal and indoor plant deliveries, PlantX currently has plans to expand its product lines to include cosmetics, clothing, and its own water brand. It also offers a restaurant directory, unique recipes and a community forum to share plant-based ideas with other like-minded individuals.
Contact Sean at sean@proactiveinvestors.com