Mr. Lorne Rapkin reports

PLANTX REPORTS MONTHLY GROSS REVENUE OF $897,000 IN APRIL 2023

Plantx Life Inc. today released its unaudited monthly financial metrics for April, 2023.

Plantx generated monthly gross revenue of $897,000 in April, 2023, up approximately 11 per cent sequentially compared to $807,000 in March, 2023. The increase was driven by strong growth from Plantx Midwest, Plantx U.K. and Vegan Essentials. In addition, the company continued to generate double-digit growth for its Locavore Bar & Grill concept and its Portfolio Coffee beverage business, as well as 6-per-cent growth for its Little West cold-pressed juice business.

In addition, gross profit improved significantly across all key growth areas of the business, with consolidated margins improving 323 basis points to 44.2 per cent compared sequentially with 41.0 per cent gross margins.

"Our geographic expansion, building on our growing reputation in California, Canada and on-line, is driving top- and bottom-line growth," said Plantx chief executive officer Lorne Rapkin. "We have established a robust platform, representing the most valuable plant-based assets in the ecosystem, and this portfolio is leading to greater brand awareness, increasing cross-selling and cross-promotion opportunities, and facilitating geographic expansion. We continue to drive notable growth in the Chicagoland area, as well as the U.K., and we recently launched our Israeli e-commerce site, furthering our global expansion.

"Importantly, our geographic expansion and the concepts and products where we are focusing our efforts all generated improved profit margins, demonstrating significant progress in our path to profitability," continued Mr. Rapkin. "We are nearing a key inflection point, where additional growth should drive disproportionate improvement in our profitability as we more effectively leverage our established platform and our competitive position in the marketplace. The addition of leading brands to our e-commerce properties is another example of this, as we add profitable revenue with little or no fixed costs, accelerating our profitability initiatives."

The financial metrics disclosed in this press release are management prepared and have not been audited or reviewed by the company's auditors. Unless otherwise indicated, all amounts are expressed in Canadian dollars.

About Plantx Life Inc.

As the digital face of the plant-based community, Plantx's platform is a one-stop shop for plant-based products. With its fast-growing category verticals, Plantx offers customers across North America more than 5,000 plant-based products. Plantx also has other brands in the Plantx portfolio, including a juice brand, a coffee company, a plant shop and brick-and-mortar grocery stores. Plantx uses its digital platform to build a community of like-minded consumers and, most importantly, to provide education. Plantx's digital presence works to eliminate the barriers to entry for anyone interested in living a plant-based lifestyle, and thriving in a longer, healthier and happier life.

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