Vegaste Technologies (CSE: VEGA) is getting into the water business. The company announced this morning that it has begun selling branded PlantX branded glacial water on its e-commerce platform, in addition to retailers with sales already having commenced. The product, despite its recent launch, has already found itself on store shelves of Liv Marketplace locations across San Diego.
The company thus far has managed to sell a total of 27,500 litres of bottled water, resulting in gross sales of $43,632 within the first month of sales. The product adds to the growing number of verticals in which the company currently offers on its digital e-commerce platform that is focused on plant-based and health conscious options for consumers.
Water sold under the PlantX brand is sourced from Canadian glaciers, making the water a unique offering to the market. Products are bottled with a low carbon footprint, to keep in line with the company’s mission. PlantX’s water products are to be sold throughout North America, in both the current format as well as sports bottles to provide a level of unique marketing to the product, drawing in additional revenues.
We are very excited to have the best commodities including our own water which is such an important part of our daily lives. The feedback on the quality of the water has been amazing.
Sean Dollinger, PlantX founder
Vegaste Tehnologies last traded at $1.19 on the CSE.
FULL DISCLOSURE: Vegaste Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Vegaste Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
