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Insider Buying By Director and CFO At Cronos Group

June 8, 2017

 (Image Credit - Investment Zen

 

This week, two insiders at Cronos Group Inc. (TSXV:MJN)(OTC:PRMCF) filed with SEDI concerning their recent stock purchases. Since officers and directors of companies have the most complete picture of what is going on inside of their organization, it's a major vote of confidence to see them buying shares. 

 

Insider Buying by Director, Jason Adler

 

Cronos Group Director, Jason Adler filed with SEDI on June 6th and 7th to report two stock purchases. Mr. Adler made two separate purchases: one on June 6th and another on June 7th. On June 6th, Mr. Adler purchased 80,000 shares of MJN at a weighted average price of $1.7317 CAD per share. On June 7th, Mr. Adler bought an additional 5,000 shares of MJN at a weighted average price of $1.7660 CAD per share. Combined, the purchases amount to an investment of $147,366 CAD (~$108,986 USD). 

 

Insider Buying by Chief Financial Officer, William Hilson 

 

The Chief Financial Officer of Cronos Group, William Hilson filed with SEDI on June 8th to report three stock purchases. Mr. Hilson made three separate purchases: one on June 5th, one on June 6th and a third on June 7th. On June 5th, Mr. Hilson purchased 22,000 shares of MJN at a weighted average price of $1.9100 CAD per share. On June 6th, Mr. Hilson bought  23,000 shares of MJN at a weighted average price of $1.76 CAD per share and on June 7th, he purchased an additional 15,000 shares at a weighted average price of $1.68 CAD. Combined, the purchases amount to an investment of $107,700 CAD (~$79,655 USD). 

 

Conclusion

 

To learn more about Cronos Group, Inc. be sure to check out the company's profile in our marijuana stocks database. To check out other Canadian licensed producers, check out our sector database

 

Also, be sure to subscribe to one or more of our free newsletters so you never miss an important update. If you haven't already, connect with The Daily Marijuana Observer on FacebookTwitter, and Instagram

 

D/M/O

 

 

Disclosure

 

I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

 

I have no business relationship with any company whose stock is mentioned in this article.

 

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