eResearch | Today’s Video-of the-Day is from InvestmentPitch Media about Vegaste Technologies Corp. (CSE:VEGA) as the Company has a new listing on the CSE and started trading yesterday.
Vegaste Technologies listed on the CSE by executing a reverse takeover (“RTO”) of Winston Resources Inc.
Based in Vancouver, Vegaste Technologies focuses on the online distribution of plant-based food and beverages in North America. The Company operates PlantX, an online meal delivery platform and website for people interested in vegan and plant-based food.
PlantX plans to offer customers more than 3,000 products by the end of August 2020, including pre-made meals and indoor plants. PlantX’s product expansion includes cosmetics, vitamins, clothing, and its own water brand.
PlantX is working on distribution and delivery partnerships in all major cities across Canada to enable the delivery of ready-to-cook complete meal packages, exclusively plant-based and vegan menus.
In addition to providing an online community of like-minded consumers interested in plant-based and vegan food, the website will serve as a directory to help find local plant-based and vegan restaurants.
As a part of the RTO, Vegaste Technologies completed a $3.2 million financing, issuing approximately 12.8 million shares at $0.25 per share.
With the completion of the RTO, Vegaste Technologies has 54.5 million shares outstanding with the principals of the Company holding 18.1 million shares in escrow with another 17.5 million shares in a voluntary 18- month escrow.
Vegaste Technologies closed today at $1.55.
To learn more about the Vegaste Technologies’ new listing, you can access today’s Video-of-the-Day here:
