BioMedNewsBreaks – PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) Announces Record Third Quarter Revenue, Other Q3 Highlights
PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF), a multifaceted marketplace providing consumers all things plant based, has released its interim unaudited financial results for the three and nine months ended December 31, 2020. A highlight of the report is the company’s record revenue of C$1,832,484 for the three months ended December 31, 2020 — an increase of 298% over gross revenue of C$459,982 reported in Q2. The report also noted that PlantX saw a gross margin of 20% for the same period, an increase from 5.7% in Q2. In addition, cost of sales for the company over the same period totaled C$1,465,879. The announcement noted…