QualityStocksNewsBreaks – PlantX Life Inc. (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) Announces Intention to Commence NCIB to Repurchase up to 5% of Its Common Shares
PlantX Life (CSE: VEGA) (OTCQB: PLTXF) (Frankfurt: WNT1) today announced its intention to commence a normal course issuer bid (“NCIB”), under which the company may purchase up to 6,071,757 of its common shares, representing approximately 5% of its issued and outstanding common shares. PlantX indicated that it is commencing the NCIB because it believes that the market price of the common shares may not fully reflect the underlying value of the company’s business and future prospects. PlantX believes that the repurchase of its common shares for cancellation represents an appropriate use of the company’s financial resources and will enhance shareholder value.…