Mr. Lorne Rapkin reports

PLANTX REPORTS MONTHLY GROSS REVENUE OF $930,000 FOR MAY 2023

Plantx Life Inc. has released its unaudited monthly financial metrics for May, 2023. Revenue increased sequentially to $930,000, with continued growth from Plantx Midwest, Portfolio Coffee, Locavore Bar & Grill, and Vegan Essentials.

Gross profit continued to improve across all key growth areas of the business, with consolidated margins expanding approximately 100 basis points sequentially to 45.3 per cent, compared with 44.2 per cent in April. The arrival of warmer weather has led to a rise in events and larger crowds, resulting in a notable increase in daily sales at Plantx'S Locavore Bar & Grill. Plantx also observed strong performance on its Plantx and Vegan Essentials e-commerce platforms during May, driven by the notable outcomes of both Mother's Day and Memorial Day sales. Plantx's Portfolio Coffee has recently secured larger wholesale orders, resulting in a sustained monthly revenue increase for this particular sector. In line with its commitment to growth, Plantx's juice brand, Little West, continues to focus on expanding its direct-to-consumer e-commerce operations while also establishing new partnerships with prominent wholesalers. With significant purchase orders from esteemed companies like Palace Market, Little West is venturing into new regions, reinforcing its reputation as a sought-after brand within the health-conscious market.

"As we continue our geographic expansion beyond our core regions of Southern California and Chicago, we are prioritizing revenue streams that support appropriate margins and de-emphasizing lower-margin revenue streams with more limited growth opportunities," said Plantx chief executive officer Lorne Rapkin. "As we continue to scale our platform, this strategic focus will become increasingly important in our initiatives to drive margins in line with other specialty food companies, facilitating our pathway to profitability.

"Our continued growth, coupled with margin expansion, is encouraging considering the de-emphasis in certain revenue lines and the economic climate," continued Mr. Rapkin. "Our focus is on positioning Plantx as the platform of choice for the plant-based community, facilitating our e-commerce initiatives for both owned and partner products, and creating expansion opportunities through new products and geographic expansion. Our results to date demonstrate that this strategy is working."

The financial metrics disclosed in this news release are management prepared and have not been audited or reviewed by the company's auditor. 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 bricks 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 eliminates entry barriers for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life.

We seek Safe Harbor.