M&A Deal Summary

PlantX Acquires Vegan Essentials

On September 19, 2022, PlantX acquired internet software and services company Vegan Essentials from Vejii Holdings for 900K CAD

Acquisition Highlights
  • This is PlantX’s 1st transaction in the Internet Software and Services sector.
  • This is PlantX’s 2nd largest (disclosed) transaction.
  • This is PlantX’s 3rd transaction in the United States.
  • This is PlantX’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2022-09-19
Target Vegan Essentials
Sector Internet Software and Services
Buyer(s) PlantX
Sellers(s) Vejii Holdings
Deal Type Divestiture
Deal Value 900K CAD

Target

Vegan Essentials

Waukesha, Wisconsin, United States
Vegan Essentials is an operator of an online vegan grocery store. Vegan Essentials is based in Waukesha, Wisconsin.

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Buyer(S) 1

Buyer

PlantX

West Vancouver, British Columbia, Canada
Category Company
Founded 2011
Sector E-Commerce
Revenue 13M CAD (2023)
DESCRIPTION

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 10,000 plant-based products. PlantX was incorporated in 2011 and is based in West Vancouver, Canada.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Eh Coffee

Toronto, Ontario, Canada

Eh Coffee distributes specialty coffees from renowned family farms worldwide and custom roasts these harvests in Canada. Eh Coffee is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Vejii Holdings

Kelowna, British Columbia, Canada
Category Company
Sector Internet Software and Services
DESCRIPTION

Vejii Holdings is an online marketplace for plant-based and sustainable products. Vejii Holdings is based in Kelowna, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 VEDGEco USA

Kailua, Hawaii, United States

VEDGEco USA is an online business-to-business (“B2B“) wholesale platform for plant-based products. VEDGEco USA is based in Kailua, Hawaii.

Buy $6M
Mergr

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