On June 25, 2021, PlantX Life Inc. (the "Company" or "PlantX") (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) announced that the Company, through its wholly-owned subsidiary, New Deli Hillcrest LLC, had completed its previously announced transaction to acquire certain assets of LIV Marketplace LLC for an aggregate purchase price of US$3,246,938.73.
California-based LIV Marketplace is the exclusive online fulfillment partner and retail distributor of PlantX products within the United States and is responsible for building and operating PlantX's brick-and-mortar retail store in San Diego, California. Upon completion of the acquisition, the San Diego location will be rebranded as New Deli by PlantX, as a Company-owned corporate location. Additionally, LIV Marketplace will continue to lead the Company's wholesale division, so that PlantX can continue to focus its efforts on improving its brick-and-mortar operations in San Diego.
PlantX, headquartered in Vancouver, aims to be the digital face of the plant-based community. The Company'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 was Canadian counsel to PlantX with respect to this acquisition with a team that included Peter Simeon, Josh Almario and Adam Sherman (corporate/securities) and Anita Yuk (tax).