PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) recently announced it is now offering vegan wines as part of its expanding product selections on its U.S. e-commerce platform. Notably, while all wine is plant-based, not all wine is vegan. According to PlantX COO Julia Frank, who is quoted in a recent article, “The alcoholic beverage market is one of the fastest-growing industry segments in the U.S. and globally. The new vertical will allow PlantX to holistically meet customer demands and expectations by expanding its product offerings in line with its mission and values.” Findings of IWSR’s recent Drink Market Analysis reveal that total alcoholic beverage consumption volume increased by +2.0% in 2020, with projections showing that the consumption for 2021 will be up +3.8%. Further, e-commerce alcohol sales in the U.S. are expected to see average annual growth of nearly 45% in value over the next four years. “PlantX’s inclusion of vegan wines as part of its online portfolio, therefore, appears to be leveraging the trends in both the alcoholic beverage market and e-commerce sector.”
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About PlantX Life Inc.
As the digital face of the plant-based community, PlantX’s platform is the one-stop shop for everything plant-based. With its fast-growing category verticals, the company offers customers across North America more than 10,000 plant-based products. In addition to offering meal and indoor plant deliveries, the company currently has plans underway to expand its product lines to include cosmetics, clothing and its own water brand — but the business is not limited to an e-commerce platform. The company uses its digital platform to build a community of like-minded consumers and, most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life. For more information, visit the company’s website at https://Investor.PlantX.com.
NOTE TO INVESTORS: The latest news and updates relating to PLTXF are available in the company’s newsroom at https://ibn.fm/PLTXF
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