PlantX Life Inc. (C:VEGA)
Business Focus: Online Services (NEC)
| Sector: Technology | Industry: Online Services |
| Company Contact | |
| Address: | 100 Park Royal S, Suite 504 West VANCOUVER BC V7T 1A2 |
| Tel: | N/A |
| Website: | https://plantx.com |
| IR: | See website |
| Key People | ||
| 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 a Canada-based e-commerce company that offers multiple plant-based products. The Company operates a digital platform for shopping of plant-based products. Its e-commerce platform is an online source for plant-based products, including groceries, ingredients, food and beverages, cosmetics, pet-foods and plants. Its segment consists of Vegaste, PlantX UK, PlantX Living Inc, Plant Based Deli, Bloombox, PlantX Israel, Little West, PlantX Midwest, Squamish, and EH and Portfolio Coffee. It sells and delivers indoor plants to its wellness community via a subscription service and on-line store through Bloombox Club Ltd. It operates the Locavore Bar & Grill, and other related businesses, including the Cloudburst Cafe and Locavore Food Truck through Score Enterprises Ltd. It offers practical, everyday retail goods that range from household supplies and personal hygiene products to frozen foods, pantry staples, snacks, beer and wine through Plant-Based Deli LLC. |
| Financial Overview |
| For the nine months ended 31 December 2023, Plantx Life Inc revenues decreased 19% to C$9.2M. Net loss decreased 76% to C$2.8M. Revenues reflect PlantX Midwest segment decrease of 36% to C$1.3M, Plant-based Deli segment decrease of 47% to C$206K, United States segment decrease of 27% to C$1.5M, Israel segment decrease from C$121K to C$0K. Lower net loss reflects General and administrative decrease of 43% to C$2.9M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $15.48M as of Dec 31, 2023 |
| Annual revenue (TTM): | $11.19M as of Dec 31, 2023 |
| EBITDA (TTM): | -$6.79M as of Dec 31, 2023 |
| Net annual income (TTM): | -$10.66M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$3.27M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $15.03M as of Dec 31, 2023 |
| Shares outstanding: | 30,423,482 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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