Welcome to the TCI Insider Trading Report, a new biweekly segment focused on showcasing recent insider transactions from the cannabis sector’s biggest names.
The TCI Insider Trading Report will breakdown and highlight the most noteworthy insider trades from the marijuana industry’s leading pot stocks. To go along with our new Insider Trading Report, we’ve also recently launched the TCI Analyst Activity Tracker, which highlights the cannabis sector’s most noteworthy new analyst research reports, ratings and price targets.
According to Investopedia: “Insider trading involves trading in a public company’s stock by someone who has non-public, material information about that stock for any reason. Insider trading can be either illegal or legal, depending on when the insider makes the trade. It is illegal when the material information is still non-public, and this sort of insider trading comes with harsh consequences.”
Our new Insider Trading Report will focus on the legal trading conducted by insiders of the top publically traded cannabis companies.
Staying up to date on insider trading activity is essential and many investors use this information to help predict the future trend of a sector or an individual stock. Simply put, if insiders are buying up shares of their company’s stock, it can be seen as very bullish. On the other hand, if insiders are selling shares, it can be viewed as bearish. In both instances, when spotted early, the information can foreshadow future market trends or the price action of an individual stock.
Without further delay, here’s a recap of the most noteworthy insider trades of the past month.
Aurora Cannabis (TSX: ACB) (NYSE: ACB) (FRA: 21P)
- Transaction Date: June 4, 2020
- Insider Name: Terry Booth (Former CEO)
- Transaction Type: SELL
- Shares Sold: 39,750
- Price: $19.05
- Total Amount: $757,118.25
- Transaction Date: June 15, 2020
- Insider Name: Terry Booth (Former CEO)
- Transaction Type: SELL
- Shares Sold: 114,000
- Price: $17.66
- Total Amount: $2,013,468
Learn more about Aurora Cannabis: Website | IR Website | Investor Deck | ACB Chart
Canopy Growth (TSX: WEED) (NYSE: CGC) (FRA: 11L1)
- Transaction Date: June 29, 2020
- Insider Name: David Klein (CEO)
- Transaction Type: SELL
- Shares Sold: 25,963
- Price: $22.10
- Total Amount: $573,797.87
Learn more about Canopy Growth: Website | IR Website | Investor Deck | WEED Chart
Tilray (NASDAQ: TLRY) (FRA: 2HQ)
- Transaction Date: June 16, 2020
- Insider Name: Brendan Kennedy (CEO)
- Transaction Type: SELL
- Shares Sold: 116,666
- Price: $8.34
- Total Amount: $972,994.44
- Transaction Date: June 18, 2020
- Insider Name: Brendan Kennedy (CEO)
- Transaction Type: SELL
- Shares Sold: 350,000
- Price: $8.20
- Total Amount: $2,870,000
Learn more about Tilray: Website | IR Website | Investor Deck | TLRY Chart
Village Farms (TSX: VFF) (NASDAQ: VFF) (FRA: 02V)
- Transaction Date: June 3, 2020
- Insider Name: Michael Degiglio (CEO)
- Transaction Type: SELL
- Shares Sold: 151,796
- Price: $6.25
- Total Amount: $948,725
- Transaction Date: June 4, 2020
- Insider Name: Michael Degiglio (CEO)
- Transaction Type: SELL
- Shares Sold: 30,224
- Price: $6.35
- Total Amount:: $191,922.40
Learn more about Village Farms: Website | IR Website | Investor Deck | VFF Chart
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GW Pharmaceuticals (NASDAQ: GWPH)
- Transaction Date: June 17, 2020
- Insider Name: Volker Knappertz (Chief Medical Officer)
- Transaction Type: SELL
- Shares Sold: 18,000 (ADS)
- Price: $10.35 (ADS)
- Total Amount: $186,300
- Transaction Date: July 6, 2020
- Insider Name: Douglas B. Snyder (Chief Legal Officer)
- Transaction Type: SELL
- Shares Sold: 9,804 (ADS)
- Price: $10.50 (ADS)
- Total Amount: $102,942
* GWPH: ADS = American Depositary Shares. Each ADS represents twelve ordinary shares of the issuer.
Learn more about GW Pharma: Website | IR Website | Investor Deck | GWPH Chart
Neptune Wellness (TSX: NEPT) (NASDAQ: NEPT)
- Transaction Date: June 17, 2020
- Insider Name: Jean-Daniel Bélanger (Senior Officer)
- Transaction Type: SELL
- Shares Sold: 14,026
- Price: $3.50
- Total Amount: $49,091
- Transaction Date: June 30, 2020
- Insider Name: Michel Timperio (Senior Officer)
- Transaction Type: SELL
- Shares Sold: 29,965
- Price: $3.82
- Total Amount: $114,514.24
Learn more about Neptune Wellness: Website | IR Website | Investor Deck | NEPT Chart
- Transaction Date: June 15, 2020
- Insider Name: Gotham Green Partners (Major Shareholder)
- Transaction Type: SELL
- Shares Sold: 43,500
- Price: $6.79
- Total Amount:: $295,365
- Transaction Date: June 17, 2020
- Insider Name: Merida Capital Partners (Major Shareholder)
- Transaction Type: SELL
- Shares Sold: 13,586
- Price: $6.79
- Total Amount: $92,248.94
- Transaction Date: June 19, 2020
- Insider Name: Merida Capital Partners (Major Shareholder)
- Transaction Type: SELL
- Shares Sold: 32,000
- Price: $7.41
- Total Amount: $237,120
- Transaction Date: June 22, 2020
- Insider Name: Merida Capital Partners (Major Shareholder)
- Transaction Type: SELL
- Shares Sold: 36,032
- Price: $7.16
- Total Amount: $257,989.12
- Transaction Date: June 24, 2020
- Insider Name: Gotham Green Partners (Major Shareholder)
- Transaction Type: SELL
- Shares Sold: 51,000
- Price: $6.89
- Total Amount: $351,390
- Transaction Date: June 26, 2020
- Insider Name: Gotham Green Partners (Major Shareholder)
- Transaction Type: SELL
- Shares Sold: 11,724
- Price: $6.83
- Total Amount: $80,074.92
- Transaction Date: June 30, 2020
- Insider Name: Gotham Green Partners (Major Shareholder)
- Transaction Type: SELL
- Shares Sold: 13,632
- Price: $6.89
- Total Amount: $93,924.48
Learn more about GrowGeneration: Website | IR Website | Investor Deck | GRWG Chart
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Disclosure: The Cannabis Investor does not hold a position in any of the stocks mentioned in this article.
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