PlantX Life (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) today announced that it has received authorization to sell and distribute alcoholic beverages in its U.S. retail stores in Chicago, Illinois, and Venice Beach, California. The operational milestone will provide U.S. customers access to more holistic shopping opportunities that can integrate alcoholic beverage options as part of the company’s one-stop-shop retail and e-commerce experience. “The new license is a thrilling opportunity for PlantX to tap into a multibillion industry,” said PlantX CEO Lorne Rapkin. “The alcoholic beverages market reached a volume of $222.6 billion USD in 2020 in the U.S., and this revenue is expected to grow annually by 7.45% between 2021-2025. * Even more poignant, there has been an increasing collective preference for environmentally friendly products among consumers, who are shifting their attention towards products that are organic, vegan or free from additives, including alcoholic products. ** This is fully aligned with PlantX’s vision, which now includes offering high-quality, sustainable and ethical alcoholic drinks. This new milestone will undoubtedly forward the company’s efforts to shape market innovation in both the U.S. and Canada, where we have been active in the alcoholic industry for a while.”
To view the full press release, visit https://ibn.fm/K6mhw
About PlantX Life Inc.
As the digital face of the plant-based community, PlantX’s platform is the one-stop shop for everything plant-based. With its fast-growing category verticals, 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 currently has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — but the business is not limited to an e-commerce platform. The company uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The company eliminates 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, visit the company’s investor website at https://Investor.PlantX.com.
*https://www.statista.com/outlook/cmo/alcoholic-drinks/united-states
**https://www.theiwsr.com/iwsrs-top-5-global-beverage-trends-for-2020/
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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