PRESS RELEASE
25 March 2021

PlantX Closes Oversubscribed Prospectus Offering Of Units

GW
Gowling WLG

Contributor

Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.
On March 22, 2021, PlantX Life Inc. ("PlantX") (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) announced that it had completed its oversubscribed public offering of units of the...
Canada

On March 22, 2021, PlantX Life Inc. ("PlantX") (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) announced that it had completed its oversubscribed public offering of units of the company for gross proceeds of $20,057,903.25, including a partial exercise of the over-allotment option granted to the agents led by Mackie Research Capital Corporation.

PlantX intends to use the net proceeds from the offering to fund expansion, to continue to develop a user app, to evaluate and pursue potential strategic acquisitions, and for working capital and general corporate purposes.

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, PlantX offers customers across North America more than 10,000 plant-based products.

Gowling WLG advised PlantX with respect to this offering with a team that included Peter Simeon, Tara Amiri, Josh Almario, Raymond Ong and Adam Sherman.

Contributor

Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.

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