RE:Scam?I have started to follow this company and it appears to me that they are trying to do too much at the same time. Their site isn't fully set up and sales are low and now they have a store in the process of opening during the pandemic. All expenses and practically no income.
Insiders appear to have alot of cheap shares before plantx was created.
I do not believe they have alot of customers. Check out their instagram Canada/US, they have about 2-3k followers each. This shows me that there doesn't appear to be much interest.
Now is this a scam? Keeping in mind that it is currently tax loss selling season, i do not believe that a legit companies share price should go down from a high of about $2.15 to currently .455 cents. I do not believe this is a scam but there is definitely something fishy about this stock.
Maybe they are lowering the share price for cheap financing for their buddies? We will see in the next couple of months.
This is a penny stock and there are many like this. Do your own due dilligence and only invest what you can afford to loss. Do not count on a penny stock to make you rich. Better to buy a lottery ticket. This is only my opinion of course.
Good luck