PlantX Announces Filing Of Interim Financial Statements For The Six Months Ended September 30, 2022
The digital face of the plant-based community, operating a one-stop shop for plant-based products, PlantX Life Inc., has announced the filing of its interim financial statements, associated management’s discussion, and analysis and related officer certifications for the six-month period ended September 30, 2022 (the “Q2 Filing”). The Q2 Filing is available under the Company’s SEDAR profile at www.sedar.com.
Highlights For the Six Months ended September 30,2022
The gross revenue for the six months ended September 30, 2022, was US$ 8,869,579 (September 2021 (restated); US$4,707,259).
The cost of goods sold for the six months ended September 30, 2022, was US$ 5,542,113 (September 2021 (restated); US$ 2,864,039).
The net loss for the six months that ended September 30, 2022, was US$ 8,964,219 (September 2021; US$17,824,500).
Cease Trade Order
As the Company has filed the Interim Filings, together with the filing of its audited annual financial statements for the year ended March 31, 2022, along with its associated management discussion and analysis and related officer certifications (collectively with the Interim Filings, the “Required Filings”), the Company intends to make an application to the British Columbia Securities Commission (the “BCSC”) for a full revocation of the “failure to file” cease trade order issued by the BCSC on October 18, 2022 (the “CTO”), as a result of the Company’s failure to file the Required Filings before the prescribed deadlines. Trading is expected to resume on the Canadian Securities Exchange shortly after the revocation of the CTO. The Company is now current with all regulatory financial statement filings.
