PlantX Reports Record January Sales Of $1.1 Million

PlantX Life (CSE: VEGA) continues to see record sales growth for its online ecommerce platform. The company this morning announced its January sales figures, with a record monthly gross revenue of $1.1 million being posted for the month.

January’s sales numbers following the $1.0 million reported in sales for the month of December, with the company showing continued month-over-month sales of its product. Notably, the increase in sales follow the holiday season, a time during which ecommerce sales historically slow down.

Furthermore, the $1.1 million in sales came at a cost of $751,356, indicating gross margins for the month were a healthy 31.0% for the month.

“It is truly encouraging to achieve yet another incredible revenue milestone and to start the new year with such vigor and success. There are many other colourful growth opportunities on the horizon, and we’re confident that our financial trajectory will reflect the remarkable and increasing value our Company brings to the plant-based industry.”

Julia Frank, CEO of PlantX Life

PlantX Life last traded at $1.43 on the CSE.

FULL DISCLOSURE: Vegaste Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Vegaste Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

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