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.
A growing network of digitized brick-and-mortar retail outlets
Proven management team
What PlantX Life does:
PlantX Life Inc (CSE:VEGA) (OTCQB:PLXTF) (FRA:WNT1) is spearheading the movement towards a plant-based lifestyle.
The Vancouver-based company 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.
In addition to offering meal and indoor plant deliveries, PlantX currently has plans to expand its product lines to include cosmetics, clothing, and its own water brand. It also offers a restaurant directory, unique recipes and a community forum to share plant-based ideas with other like-minded individuals.