- PlantX just acquitted a 53.5% stake at Eh Coffee and a 51% stake at Portfolio Coffee Inc.
- The acquisition marks PlantX’s addition of coffee to its line of over 5,000 plant-based products
- PlantX will push products from these two companies on its e-commerce platform and physical XMarket stores
PlantX Life (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) just announced the acquisition of a majority equity interest in Eh Coffee Corp. and Portfolio Coffee Inc. for a share consideration of 913,320 PlantX shares and a cash consideration of $434,058.14. This leaves PlantX with a 53.5% and 51% stake at Eh Coffee and Portfolio, respectively. Additionally, the company now holds three out of five board seats at each company (https://ibn.fm/cBK7a).
Eh Coffee and Portfolio Coffee, founded by Jacob Fortier, Victor Nucci, and Andre Dalben, have made a name for themselves as entities that offer an…
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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