- Capital Y Management, a New York-based hedge fund, has issued an independent research report on PlantX (VEGA)
- The report refers to PlantX as “a market leader with a disruptive business in an emerging industry with long term tailwinds”
- Capital Y Management has established a 12-month price target of C$0.67 per common share
- As the digital face of the plant-based community, PlantX’s platform is the one-stop shop for everything plant-based
- PlantX Life Inc. (VEGA) is up 57.14 per cent, trading at C$0.055 per share at 12:06 pm ET
Capital Y Management, a New York-based hedge fund, has issued an independent research report on PlantX (VEGA).
The report refers to PlantX as “a market leader with a disruptive business in an emerging industry with long term tailwinds”. Capital Y Management has established a 12-month price target of C$0.67 per common share. It represents an enterprise value for PlantX of approximately C$68 million.
Lorne Rapkin, CEO of PlantX commented on the news.
“The PlantX team is hard at work to make plant-based diets available to everyone, expanding our presence in rapidly growing market. We are encouraged that this independent report has recognized that we are well-positioned. While we are not commenting on the specific projections, we will focus on achieving success similar to Capital Y’s outlook.”
As the digital face of the plant-based community, PlantX’s platform is the one-stop shop for everything plant-based. The company offers customers across North America more than 5,000 plant-based products. In addition to offering meal and indoor plant deliveries, the company has plans to expand its product lines to include a juice and coffee company.
PlantX uses its digital platform to build a community of likeminded consumers and provide education. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle.
PlantX Life Inc. (VEGA) is up 57.14 per cent, trading at C$0.055 per share at 12:06 pm ET.
