(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).
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