PlantX to Acquire Assets From Liv Marketplace LLC
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Company" or "
PlantX") (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) is pleased to announce that the Company, through its wholly-owned subsidiary, New Deli Hillcrest LLC ("
New Deli Hillcrest"), has entered into an asset purchase agreement dated June 1, 2021 (the "
Purchase Agreement") to acquire certain assets of Liv Marketplace LLC ("
Liv Marketplace") for an aggregate purchase price of US$3,150,000 (the "
Acquisition"). For further details about the Acquisition, please see "About the Acquisition".
PlantX to Acquire Assets From Liv Marketplace LLC (CNW Group/PlantX Life Inc.)
California-based Liv Marketplace is the exclusive online fulfillment partner and retail distributor of PlantX products within the United States and is responsible for building and operating PlantX's 4,515-square-foot brick-and-mortar retail store in San Diego, California. Upon completion of the Acquisition, the San Diego location will be rebranded as