On December 16, 2020, PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) announced the completion of a non-brokered private placement of units of the company for aggregate gross proceeds of $11.5 million. This figure included proceeds from the exercise of the company's over-allotment option that increased the size of the private placement from an originally anticipated size of $10 million.
The private placement was co-led by Psagot Investment House Ltd., an Israeli investment firm and Israel's largest pension fund manager, and PlantX founder, Mr. Sean Dollinger.
PlantX is a Canadian e-commerce company focused on the plant-based consumer product health and wellness industry.
Gowling WLG advised PlantX with respect to this private placement with a team that included Peter Simeon, Josh Almario, Jill Dunn and Adam Sherman (corporate/securities), assisted by students-at-law Blair Somerville and Luis Cousin Pinto.