Saturday, November 27 2021

VANCOUVER, BC, September 9, 2021 / PRNewswire / – PlantX Life Inc. (the “Society” Where “PlantX“) (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) announces its intention to launch a public tender offer (“NCIB“), pursuant to which the Company may purchase up to 6,071,757 common shares of the Company, representing approximately 5% of its issued and outstanding common shares (the”Ordinary actionsThe Company is initiating the public tender offer because it believes that the market price of the Common Shares may not fully reflect the underlying value of the business and the future prospects of the Company. PlantX believes that the repurchase of its common shares for cancellation represents an appropriate use of the Company’s financial resources and will increase shareholder value.

PlantX announces its intention to launch a normal course issuer bid to repurchase up to 5% of its common shares (CNW Group / PlantX Life Inc.)

NCIB is expected to start on September 15, 2021 and finish the September 14, 2022. All of the Common Shares purchased under the Offer will be purchased on the open market through the Canadian Securities Exchange (the “CSEAll purchases made under the public tender offer will be at the CSE market price in effect for the common shares at the time of purchase. The common shares acquired by the company under the offer The Company intends to appoint PI Financial Corp. as the broker to conduct the tender offer on its behalf.

Company update

The Company also announced today that the Executive Chairman, Fred leigh, intends to purchase up to 5% of the issued and outstanding common shares on the open market through the CSE.

About PlantX Life Inc.

As the digital face of the plant community, the PlantX platform is the one-stop-shop for everything plant-related. With its rapidly growing verticals, the Company offers its clients through North America more than 5,000 products of plant origin. In addition to offering meal and houseplant deliveries, the Company is currently considering expanding its product lines to include cosmetics, clothing and its own brand of water, but the business is not limited to to an electronic commerce platform. The company uses its digital platform to build a community of like-minded consumers and, most importantly, to provide education. His thriving business is being built and strengthened through partnerships with the best nutritionists, chefs and brands. The company is removing barriers to entry for anyone interested in living a plant-based lifestyle and thriving into a longer, healthier and happier life.

The Company’s website is http://investor.PlantX.com/.

Forward-looking information

This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained in this document which are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information may be identified by words or expressions such as “may”, “will”, “expect”, “likely”, “should”, “should”, “plan”, ” anticipate “,” intend “,” potential “,” proposed “,” estimate “,” believe “or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” occur, or through policy discussions. Forward-looking information contained herein includes, without limitation, the commencement of the Offer, the amount of Common Shares purchased under the Offer, Mr. Leigh’s commitment to purchase Common Shares and the the company’s business and strategic plans.

By their nature, forward-looking information is subject to inherent risks and uncertainties which may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be correct; that the assumptions may not be correct; and that the objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information contained in this press release, including, without limitation: the Company’s ability to comply with all regulations, including all applicable food safety laws and regulations; the impacts on the Company’s activities and operations due to the COVID-19 epidemic; limited operating history; the Company’s ability to access capital to meet future financing needs; the Company’s dependence on management and key personnel; competetion; changes in consumption trends; fluctuations in foreign currencies; and general economic, market or business conditions.

Additional risk factors can also be found in the Company’s continuous disclosure documents, which have been filed on SEDAR and can be viewed at www.sedar.com. Readers are urged to carefully consider these and other factors, uncertainties and potential events, and not to place undue reliance on forward-looking information. The forward-looking information contained in this document is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management at the date on which such forward-looking information is made. The Company assumes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material differences between subsequent actual events and such forward-looking information, except as required by applicable law.

Cision

Cision

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SOURCE PlantX Life Inc.


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