PlantX Life Inc. (CSE:VEGA) said it has applied to list its common shares on the Toronto Stock Exchange (TSX) with the view of increasing access to capital markets.
The company noted that its uplisting is subject to the approval of the TSX in accordance with its original listing requirements. The TSX has not conditionally approved PlantX's listing application and there is no assurance that the TSX will approve the listing application or that PlantX will complete the uplisting as proposed.
In a statement, Lorne Rapkin, chief executive officer of PlantX, said: "Uplisting our shares to the TSX will mark a valuable milestone that will highlight PlantX's impact and potential as a global leader in the plant-based industry. This is a crucial step in our growth that will significantly increase our brand recognition and could lead to enhanced trading activity. By listing on the TSX, we seek to further enhance the Company's visibility and accessibility to domestic, international and global investors."
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Listing of the PlantX life common shares on the TSX remains subject to the review and approval from the TSX of the company's listing application and the satisfaction of all other applicable listing and regulatory requirements, including meeting the necessary share price and market cap requirements. To be considered for trading on the TSX, the company must demonstrate that it meets certain financial conditions.
The company will continue to trade its common shares on the Canadian Securities Exchange in Canada under the symbol VEGA, the OTCQX market in the United States under the symbol PLTXF, and the Frankfurt exchange under the symbol WNT1.
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 5,000 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 and its own water brand. But the business is not limited to an e-commerce platform, the company also uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs, and brands.
Contact the author at jon.hopkins@proactiveinvestors.com