2022-07-27 | CSE: VEGA | Press release
The hedge fund sets the target price at CA$0.67 Per share
VANCOUVER, BC, July 27, 2022 /PRNewswire/ – PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) (“PlantX” or the “Company”) today announced that Capital Y Management, a New Yorkbased on a hedge fund, published an independent research report on PlantX referring to PlantX as “a market leader with disruptive activity in an emerging industry with long-term tailwinds”. Capital Y Management has established a 12-month price target of CA$0.67 per common share, which would represent an enterprise value for PlantX of approximately 68 million Canadian dollars.
“The PlantX team is working hard to make plant-based diets accessible to everyone, strengthening our presence in this rapidly growing market,” said PlantX CEO, Lorne Rapkin. “We are encouraged that this independent report has acknowledged that we are well positioned. While we do not comment on specific projections, we are focused on achieving similar success to Capital Y’s outlook.”
The full report published in July 2022 and the financial model can be viewed and downloaded on the PlantX website under Investors or by clicking here: https://investor.plantx.com/news/capital-y-report/
Any opinion, estimate or forecast regarding the performance of PlantX and its management made by Capital Y Management belongs solely to them and does not represent the opinions, estimates or forecasts of PlantX or its management. PlantX does not imply, by this announcement or otherwise, that the Company endorses, reviews or approves such information, conclusions or recommendations..
About PlantX Life Inc.
As the digital face of the plant community, the PlantX platform is the one-stop-shop for everything plant-related. With its fast-growing vertical categories, the company offers its customers across North America over 5,000 plant-based products. As well as offering meal and houseplant deliveries, the company is currently planning to expand its product lines to include a juice and coffee business – but the business is not limited to one platform. of e-commerce. The company uses its digital platform to create a community of like-minded consumers and, most importantly, to provide education. His successful business is built and strengthened on partnerships with the best nutritionists, chefs and brands. The company is eliminating barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life.
This press release contains “forward-looking information” within the meaning of applicable securities laws. Any statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information may be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, ” anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative form of these terms, or other similar words, phrases and grammatical variations, or statements that certain events or conditions “can” or “will” happen, or through policy discussions. Forward-looking information contained herein includes, but is not limited to, statements regarding the valuation and target price of PlantX common stock and the Company’s business and strategic plans.
By its nature, forward-looking information is subject to inherent risks and uncertainties which may be general or specific and which give rise to the possibility that the expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions are not correct and that the objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information contained in this press release, including, without limitation: receiving a request sufficient for the Offer; the Company’s ability to comply with all applicable governmental regulations, including all applicable food safety laws and regulations; impacts on the Company’s business and operations due to the COVID-19 outbreak; the conflict in the east Europe; having a limited operating history; the Company’s ability to access capital to meet its future financing needs; the Company’s dependence on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.
Other risk factors can also be found in the Company’s continuous disclosure documents, which have been filed on SEDAR and can be viewed at www.sedar.com. Readers are cautioned to carefully consider these factors, as well as other factors, uncertainties and potential events, and not to place undue reliance on any forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management as of the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material differences between subsequent actual events and such forward-looking information, except as required by applicable law.
View original content to download multimedia: https://www.prnewswire.com/news-releases/plantx-receives-bullish-research-valuation-from-capital-y-management-301594219.html
SOURCE PlantX Life Inc.