On November 6, 2020, PlantX Life Inc. ("PlantX") (CSE: VEGA) (Frankfurt: WNT1) announced that it had completed its previously announced acquisition of Bloomboxclub Limited ("Bloombox Club UK"). PlantX paid a purchase price of £8 million that was satisfied by a combination of cash and common shares in the capital of the company.

PlantX is a Canadian e-commerce company focused on the plant-based consumer product health and wellness industry. PlantX operates an online marketplace for the distribution and sale of a variety of plant-based products and brands that include meals, beverages, groceries, vitamins and pet food as well as to establish and connect a community of consumers seeking the benefits of a plant-based lifestyle. Bloombox Club UK is a privately-held e-commerce company based in the UK that sells and delivers indoor plants to its established wellness community via subscription service and online shop.

Gowling WLG advised PlantX in this transaction with a team that included Davey Brennan and Alex Davidson in the UK and Peter Simeon, Josh Almario and Harrison Sversky in Canada.

Read the original article on GowlingWLG.com.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.