Lorne Rapkin, President and CEO of PlantX, said, “The increase in our stock listing on the TSX will mark an important milestone that will highlight the impact and potential of PlantX as a global leader in plant industry.
PlantX Life Inc. said it has applied to list its common shares on the Toronto Stock Exchange (TSX) in an effort to increase access to capital markets.
The company noted that its listing is subject to TSX approval in accordance with its initial listing requirements. The TSX has not conditionally approved PlantX’s listing application and there can be no assurance that the TSX will approve the listing application or that PlantX will complete the listing increase as proposed.
In a statement, Lorne Rapkin, President and CEO of PlantX, said, “Increasing our stock listing on the TSX will be an important milestone that will highlight the impact and potential of PlantX as a leader. global plant industry. This is a crucial step. in our growth, which will significantly increase our brand awareness and may lead to increased trading activity. By listing on the Toronto Stock Exchange, we seek to further improve the visibility and accessibility of the Company to domestic, international and global investors.
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Listing of PlantX Life Common Shares on the TSX remains subject to the review and approval of the Company’s listing application by the TSX and the satisfaction of all other listing and regulatory requirements. applicable, including meeting the necessary share price and market capitalization requirements. To be considered for trading on the TSX, the company must demonstrate that it meets certain financial conditions.
The Company will continue to trade its common shares on the Canadian Stock Exchange in Canada under the symbol VEGA, on the OTCQX market in the United States under the symbol PLTXF and on the Frankfurt Stock Exchange under the symbol WNT1.
As the digital face of the plant community, PlantX’s platform is the one-stop-shop for everything plant-related. With its rapidly growing verticals, the company offers customers across North America more than 5,000 herbal products.
In addition to offering food and houseplant deliveries, the company is currently considering expanding its product lines to include cosmetics and its own brand of water. But the company is not just limited to an e-commerce platform, the company is also using its digital platform to create 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.
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