Wednesday’s insider report: a $22-million trade in this pot stock

Wednesday’s insider report: a $22-million trade in this pot stock

Play all audios:

Loading...

Save for later Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they


have control or direction over. The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts. Keep in mind, when


looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an


insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining


position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units. Let's begin the report featuring


two stocks that have had recent insider buying activity. CANWEL BUILDING MATERIALS GROUP LTD. (CWX-T) On Sept. 27, president Marc Séguin purchased 10,000 shares at a cost per share of $5.73.


The previous week, on Sept. 21, Mr. Seguin acquired 10,000 shares at a price per share of $5.70. After these transactions, his portfolio held 109,668 shares. GREAT CANADIAN GAMING CORP.


(GC-T) On Sept. 27, Darren Gwozd, vice-president – operations finance, bought 1,200 shares at a price per share of $46.501, increasing his account’s holdings to 1,400 shares. ===== The


following three securities have had recent selling activity reported by insiders. CANACOL ENERGY LTD. (CNE-T) On Sept. 24, director David Winter exercised his options and sold the


corresponding number of shares (20,000) at a price per share of $4.0509, eliminating his account’s holdings. CANOPY GROWTH CORP. (WEED-T) On Sept. 27, Chris Schnarr, who sits on the


company’s board of directors, exercised his options, receiving 236,002 shares and sold 343,870 shares at a price per share of $65.44, eliminating his portfolio’s position. The proceeds from


the sales totaled over $22-million. STORM RESOURCES LTD. (SRX-T) Between Sept. 19 and Sept. 25, director Grant Wierzba sold a total of 48,800 shares across two accounts. On Sept. 25, he


divested 40,000 shares at an average price per share of approximately $2.51 in his RRSP, trimming the account balance to 469,336 shares. In his personal trading account, he sold 8,800 shares


at a price per share of $2.60 on Sept. 19, reducing his account’s holdings to 26,667 shares.