Agoracom Blog

The Ties That Bind GameStop $GME To PlantX Life $ $PLTXF $ $ $ $

Posted by AGORACOM-JC at 2:30 PM on Wednesday, January 27th, 2021

As many of you have been watching the astounding rise of GameStop (GME:NASDAQ) it’s hard not to take notice of a company whose stock has had a 52-week low of $2.57 to a recent high of $380.

You may ask what a Fortune 500 company and a digital-first omni-channel retailer who offers games and entertainment products in its over 5,000 stores and comprehensive e-commerce properties across 10 countries has in common with PlantX Life Inc. (the “Company” or “PlantX”) (VEGA:CSE) (PLTXF:OTC) an online/ brick and mortar one-stop-shop for everything plant-based has in common…

It’s simple. Ryan Cohen, GameStop (GME:NASDAQ) inside shareholder, Board Member and… Sean Dollinger, founder of PlantX Life (VEGA:CSE) (PLTXF:OTC).  The relationship runs deep. Ryan Cohen and Sean Dollinger were 50/50 partners on 3 .coms. After the three websites, Cohen went on to start and Dollinger went on to start Namaste Technologies. Cohen exited with a highly publicized sale to (Petsmart (PETM: NASDAQ), Dollinger brought Namaste Technologies to a $1.2B market cap. 

In August of 2020, Ryan Cohen stepped into GameStop (GME:NASDAQ), took a sizable position in the company (~12%) and obtained 3 board seats. The stock instantly attracted a cult-like following. As a result, the company’s shares went from $4 to over $380.

Sean Dollinger founded PlantX in December 2019. As of April 2020 the Company had no revenue to speak of. Fast forward 8 months to December 2020 and PlantX Life (VEGA:CSE) (PLTXF:OTC) generated gross monthly revenue of over $1M for the month. It’s interesting to point out that Cohen and Dollinger have very similar prowess especially within the e-commerce space. After-all, they learned everything about e-commerce together, and then went on their own paths to both build billion dollar e-commerce companies using the strategies they learned together.

PlantX Life (VEGA:CSE) (PLTXF:OTC) maintains a first mover advantage as the first (known) public company fully focused on the plant-based e-commerce space.   The Company exhibits strong fundamentals with cash on balance sheet, no debt, low CapEx requirements and diverse revenue streams. The Company operates in three high-growth industries – the plant-based, e-commerce/technology and consumer-packaged goods sectors. PlantX continues strides for global reach with their intent to list on Nasdaq,  evidence of the company’s commitment to investor accessibility and corporate growth.


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