PlantX Life Inc (CSE:VEGA) (FRA:WNT1) (OTCQB:PLTXF) announced on Monday that it has taken a “significant step” to enhance its investor profile by launching a new capital markets strategy focused on the United States and has, as a result, applied to list its shares on the tech-laden NASDAQ.
The Vancouver, British Columbia-based company said that a listing on NASDAQ will provide opportunities to “broaden its institutional and retail investor base” and enhance the firm’s visibility while accelerating growth.
“PlantX hopes to further expose the company’s brand to the US market and ultimately raise the company’s overall profile to enhance shareholder value,” said the company.
PlantX plans to file a Form 40-F Registration Statement with the United States Securities and Exchange Commission. The company will continue to maintain the listing of its shares on the Canadian Securities Exchange under the symbol "VEGA."
“With our sustained and continuous growth, this is a natural step forward,” PlantX founder Sean Dollinger said in a statement. “We’re looking forward to the opportunities that this move can create for the plant-based movement."
As the digital face of the plant-based community, PlantX’s platform is the one-stop-shop for everything plant-based. The company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the company has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — the business is not limited to an e-commerce platform.
PlantX continues to advance its plans to open its first brick and mortar locations in San Diego, California, Squamish, British Columbia and Tel Aviv, Israel, with plans of future franchising and expansion across the globe. The company has also said it will continue to expand its e-commerce capabilities around the world with new and exciting partnerships, acquisitions and verticals in the plant-based industry.
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