The British Columbia Securities Commission (BSCC) is warning the public after a rising string of scam calls.
The phone calls are unsolicited and promote investment in CannaOne, a BC-based technology company.
After several reports, the BCSC believes that vulnerable seniors are the main targets of the calls.
The caller, whose number comes from a New York area code (646), uses high-pressure tactics to push victims into buying shares from the company.
The caller also tells them not to sell the shares until a follow-up phone call is made.
Most of the calls took place between January and March and reached other parts of Canada as well.
The BCSC is currently working with CannaOne to determine who’s responsible for the calls.
In the meantime, anyone who received an unsolicited phone call regarding CannaOne is asked to contact the BCSC.
Members of the public are also encouraged to do adequate research or talk to an investment advisor before purchasing shares of any kind.
CannaOne Technology develops digital tools for different segments of the cannabis industry.