VANCOUVER, BC,
Pursuant to the terms of the share purchase agreement (the "Share Purchase Agreement") between the Company,
Further to the terms of the Share Purchase Agreement, the Sellers have agreed to a voluntary lockup of the Consideration Shares whereby the Consideration Shares will be released from lock-up in accordance with the following release schedule:
- 10% of the Consideration Shares were released on closing;
- 30% of the Consideration Shares will be released from lock-up three (3) months after closing;
- 30% of the Consideration Shares will be released from lock-up six (6) month after closing; and
- the remaining 30% of the Consideration Shares will be released nine (9) months after closing.
The 15,000 square foot
PlantX continues to advance its ecommerce growth by linking this
This Canadian flagship location in
"It's very exciting for us to be able to move forward with our Canadian Flagship store plans," said
Investor Relations Update
The Company announces that it has engaged
As in-person events, fundraisers and awareness-raising campaigns have been unavoidably delayed or cancelled due to the COVID-19 pandemic, the Company will utilize the IR Providers to continue the Company's marketing and public awareness efforts with its intended and targeted audiences.
Each IR Provider is an arm's length party to the Company. Certain functions of the IR Providers are anticipated to include "investor relations activities" under the policies of the Canadian Securities Exchange ("CSE") and applicable securities laws.
Future Money Trends
The Company has entered into an agreement with Future Money Trends to raise awareness for the PlantX brand among consumers and the Company's shares among investors. The agreement with Future Money Trends covers an initial term of two years at an aggregate cost of US
Native Ads
The Company has entered into an agreement with Native Ads to provide digital media services, vendor management, and marketing and data analytics services. The agreement covers a term of one year at an aggregate cost of US
Proactive
The Company has entered into an agreement with Proactive to provide written and video interview coverage of news releases and other corporate developments. The agreement covers a term of one year at an aggregate cost of US
Stockhouse
The Company has entered into an agreement with Stockhouse for the purposes of targeting potential investors. The agreement covers a term of one year at an aggregate cost of USD
Hybrid Financial
The Company has entered into an agreement with Hybrid Financial for the purposes of targeting potential investors. The agreement covers an initial term of six months at an aggregate cost of USD
AGORACOM
The Company has entered into an agreement with AGORACOM for the purposes of targeting potential investors as well as engaging current shareholders. The agreement covers an initial term of one year at an aggregate cost of
SRAX
The Company has entered into an agreement with SRAX for the purposes of targeting new potential investors. The agreement covers an initial term of one year at an aggregate cost of
About
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
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "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" happen, or by discussions of strategy. The forward-looking information contained herein includes, without limitation, the release of consideration shares from escrow, the trends and dietary habits of consumers, the expansion of the Company's e-commerce capabilities, the availability of PlantX products, the future use and layout of the
By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that 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 in this press release including, without limitation: the Company's ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; a limited operating history, the ability of the Company to access capital to meet future financing needs; the Company's reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; 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 accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes 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 difference between subsequent actual events and such forward-looking information, except as required by applicable law.
SOURCE
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