PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) announced the launch of its new PlantX warehouse in Squamish, British Columbia.
PlantX said the new warehouse is a critical component of the company's expansion plans and will be used to support its supply chain for the distribution of indoor plants across Canada.
“The increasing consumer demand for high-quality indoor plants has made this development a necessity moving forward and a crucial tool that will enable the company to continue to improve customer satisfaction,” PlantX Founder Sean Dollinger said in a statement.
READ: PlantX Life opens its first Canadian brick-and-mortar store in British Columbia
“The new space will allow PlantX to enhance the indoor plant offerings in Canada and distribute its plant products more efficiently. The warehouse is also an essential component of the company's expansion strategy, which is focused on effective distribution of its products in the best conditions possible,” Dollinger added.
The company noted that the 3,000-square-foot warehouse facility is a partnership initiative between PlantX and Nootka & Sea, a privately-held company that carries on the business of apothecary and cosmetics in British Columbia.
PlantX added that the warehouse initiative will allow the company to capitalize on its expertise operating its wholly-owned Bloomboxclub Limited subsidiary, an e-commerce company based in the UK that sells and delivers indoor plants and plant accessories to its established wellness community.
PlantX said Bloomboxclub achieved gross revenue of $2,193,084 during the five-month period ending March 31, a 273% year-over-year increase.
Vancouver-based PlantX Life 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.
Contact Sean at sean@proactiveinvestors.com