PlantX (OTC: PLTXF CSE: VEGA) Reports Monthly Gross Revenue of $897,000 in April 2023

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  1. Evostockgains

    Evostockgains New Member

    Jul 16, 2020
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    "Gross Margins Expand 323 Basis Points, Demonstrating Progress in Achieving Profitability

    VANCOUVER, BC / ACCESSWIRE / June 1, 2023 / PlantX Life Inc. (CSE:VEGA)(Frankfurt:WNT1)(OTC PINK:pLTXF) (“PlantX” or the “Company”), the digital face of the plant-based community, operating a one-stop shop for plant-based products, today announced unaudited monthly financial metrics for April 2023.


    PlantX generated monthly gross revenue of $897,000 in April 2023, up approximately 11% sequentially compared to $807,000 in March 2023. The increase was driven by strong growth from PlantX Midwest, PlantX UK and Vegan Essentials. In addition, the Company continued to generate double-digit growth for its Locavore Bar & Grill concept and its Portfolio Coffee beverage business, as well as 6% growth for its Little West cold-pressed juice business.

    In addition, gross profit improved significantly across all key growth areas of the business, with consolidated margins improving 323 basis points to 44.2% compared sequentially to 41.0% gross margins. " ...

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