• Plant-based lifestyle brand builder PlantX Life Inc. offers more than 5,000 plant-based products through Meal Delivery and Houseplants, and the company is working to research and development to introduce new product categories in the coming year.
• PlantX is also adding XMarket to its physical stores, expanding from initial outlets in British Columbia and California to new locations in Ontario (Toronto and Ottawa), with a new XMarket brand transition underway in stores in the Chicago, Illinois area.
• The company is also preparing to open a new store and e-commerce presence in Tel Aviv, Israel this month as part of its first global venture outside of North America.
• XMarket’s physical outlets have the primary role of enhancing the company’s e-commerce capabilities by acting as distribution centers that the company can use to improve its distribution infrastructure and better serve its online customers.
• PlantX recently announced the election of directors and the appointment of new auditors to the shareholders as part of the development of its strategy for the new year

Consumer trends indicate that the demand for plant-based protein as an alternative to animal products is growing at a blistering pace, with a CAGR of 9.7% expected between 2021 and 2028 to generate revenue of $23.4 billion, according to industry analysts at Research and Markets.

“The growth of this market is mainly attributed to the growing demand for high protein diet, growing health and wellness trend, growing consumer focus on alternatives to meat, growing demand for…

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NOTICE TO INVESTORS: The latest news and updates related to PLTXF can be found in the company’s newsroom at https://ibn.fm/PLTXF

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