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PlantX Life Inc. (C:VEGA)

Business Focus: Online Services (NEC)

Sector:  Technology Industry:  Online Services
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 2300
Bentall 5, 550 Burrard Street
Tel: N/A
IR: See website
Key People
Fred Leigh
Executive Chairman of the Board
Lorne Rapkin
Chief Executive Officer, Director
Shariq Khan
Chief Financial Officer
Julia Frank
Chief Operating Officer
Alexandra Hoffman
Chief Marketing Officer, Director
Business Overview
PlantX Life Inc. is Canada-based company, which operates digital platform for shopping plant-based products. The Company uses its digital platform to build a community of like-minded consumers and provides education. It offers meal and indoor plant deliveries. The Company's product categories include pantry, beverages, pasta and noodles, granola bars and protein bars, beauty and personal care, pet supplies and plants. Its pantry products include baking, soups and curry, cereals and granolas, canned and packaged food, nut butters and fruit spreads, and condiments and dressings. Its beverages products include coffee, creamers, matchas, mates and other drinks, milk, tea, water, soda and juice. The pasta and noodles products include beans, nuts, seeds and dry goods, brown rice pasta, mac and cheese, and noodles. The beauty and personal care products include bath and body, body care, hair care, skincare, soap, and vitamins and dietary supplements.
Financial Overview
For the nine months ended 31 December 2021, Plantx Life Inc revenues increased from C$1.8M to C$9.7M. Net loss increased from C$8.1M to C$25.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Share-based compensation increase from C$2.5M to C$11.2M (expense), Advertising and promotion increase from C$1.4M to C$5.4M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $13.95M as of Dec 31, 2021
EBITDA (TTM): -$36.88M as of Dec 31, 2021
Net annual income (TTM): -$39.74M as of Dec 31, 2021
Free cash flow (TTM): -$20.23M as of Dec 31, 2021
Net Debt Last Fiscal Year: $0.09M as of Dec 31, 2021
Shares outstanding: 200,728,913 as of Jun 21, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization