PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF), the digital face of the plant-based community and the one-stop shop for plant-based products, has announced the effective date for its share consolidation. According to the announcement, PLTXF common shares will commence trading on the Canadian Securities Exchange (“CSE”) on a consolidated basis at the opening of trading on Sept. 26. 2022. When trading begins, one post-consolidated common share will be outstanding for every 20 pre-consolidated common shares; there will be approximately 10,048,329 common shares issued and outstanding, subject to adjustments for rounding, with an estimated 4,671,220 common shares reserved for issuance. The release noted that no fractional common shares would be issued, with post-consolidated share fractions being rounded to the nearest whole. The company explained that shareholders of record who hold common shares will receive a letter of transmittal from the transfer agent, along with instructions regarding exchanging. The announcement also noted that the management cease trade order (“MCTO”) issued by the British Columbia Securities Commission last month remains in effect; currently the MCTO does not impact the ability of shareholders who are not insiders of the company to trade the common shares.
To view the full press release, visit https://ibn.fm/R4QMt
About PlantX Life Inc.
PlantX is committed to being the digital face of the plant-based community as well as the one-stop shop for everything plant based. With its fast-growing category verticals, the company offers customers across North America more than 5,000 plant-based products. In addition to offering delivery service for meals and indoor plants, the company currently has plans underway to expand its product lines to include a juice and coffee company. PLTXF uses its digital platform to build a community of like-minded consumers and, most importantly, to provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. Its successful enterprise is being built and fortified on partnerships with the top nutritionists, chefs and brands. The company’s digital presence works to eliminate the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life. For more information about this company, please visit www.PlantX.com and www.PlantX.ca.
NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF
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