VANCOUVER, BC , Sept. 16, 2021 /PRNewswire/ - PlantX Life Inc. (the " Company " or " PlantX ") (VEGA: CSE) (PLTXF: OTCQB) is pleased to provide its shareholders with a Corporate Update describing current and future developments within the Company.

The Company has also been actively implementing its retail rebranding initiative by re-naming its existing brick-and-mortar stores as "XMarket". The new retail identity aims to reflect the dynamic, interactive, and diverse in-store experience provided by the Company's physical retail locations. As such, the Company's physical stores in Squamish, British Columbia as well as the New Deli location in Venice Beach, California will be re-branded as XMarket.

The XMarket name will also be used to brand the PlantX brick-and-mortar stores in Tel Aviv, Israel , which will open its doors on November 15, 2021 . Additionally, the Company aims to launch a new website in the Israel on the same date.

The XMarket brick-and-mortar store in San Diego, California will be opening in October 2021 .

To mark the official unveiling of XMarket in Squamish, British Columbia and increase local brand awareness, PlantX will be hosting a grand opening event for its XMarket store in Squamish on October 14, 2021 . The celebration will take place at the PlantX Living Squamish location, which includes the Locavore Bar & Grill, and other related businesses including the Cloudburst Café and Locavore Food Truck. As part of this event, PlantX will be hosting a vegan barbeque, and will launch a new PlantX-commissioned mural painted by Alex Fowkes , a local Squamish artist. The event will be attended by high-profile PlantX ambassadors such as professional skier Nick McNutt , and professional mountain bike athlete, Rémy Métailler. The Company will also be adding 1,500 new plant-based items to the Squamish XMarket product selection and will offer all of its customers a free plant for each purchase over $50 throughout the day.

Corporate Updates

In addition to its recent rebranding activities, PlantX is pleased to announce the following key corporate updates:

• The Company announces that it has granted an aggregate of 120,000 incentive stock options (the " Options ") to purchase common shares of PlantX (" Common Shares ") to certain employees and consultants of the Company. The Options are exercisable for a five (5) year period at a price of $0.42 per share. One quarter (1/4) of the Options will vest every three (3) months from the date of the grant.
• The Company also announces that it has granted an aggregate of 2,880,000 restricted share units (" RSUs ") to certain employees and consultants of the Company pursuant to the Company's restricted share unit plan (the " RSU Plan "). The RSUs have a term of one (1) year of which one quarter (1/4) of the RSUs will vest every three (3) months from the date of grant.
• The Company's Executive Chairman, Mr. Fred Leigh , currently owns 2,100,000 Common Shares and has purchased 250,000 shares since his recent appointment as Chairman.

About PlantX Life Inc.

As the digital face of the plant-based community, PlantX's platform is the one-stop-shop for everything plant-based. With its fast-growing category verticals, 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 currently has plans underway to expand its product lines to include cosmetics and its own water brand — but the business is not limited to an e-commerce platform. The Company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs and brands. The Company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life.

The Company website is http://investor.PlantX.com/ .