PlantX Life closes its acquisition of US-based bodega New Deli
The final purchase price of US$1,569,999 consisted of US$470,999.70 in cash and 2,515,983 PlantX Life common shares
Following the acquisition, PlantX Life said it plans to launch its newly-rebranded New Deli by PlantX brick-and-mortar stores globally
PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) said it has completed its previously-announced cash-and-stock acquisition of Matthew Kenney Cuisine Global LLC's Plant-Based Deli LLC, also known as New Deli.
The final purchase price of US$1,569,999 consisted of US$470,999.70 in cash and 2,515,983 PlantX Life common shares.
“The brand awareness of the New Deli name will provide an exciting fusion for PlantX as the brick-and-mortar presence is built and linked with e-commerce,” PlantX CEO Julia Frank said in a statement.