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Insider Selling by CEO and Board Members at Aurora

June 12, 2017

 

Three insiders at Aurora Cannabis Inc. (TSXV:ACB)(OTC:ACBFF) including the company's CEO and two members of the Board of Directors filed with SEDI to report recent stock sales. This is often considered to be a bearish signal because officers and directors of publicly listed companies have the most complete picture of what is going on inside of their organization. Therefore, their transactions in their own company's stock becomes a useful signal for traders and investors to track.

 

Insider Selling by CEO, Terry Booth 

 

Aurora's CEO, Terry Booth filed with SEDI on June 9th to report a sale of Aurora stock by his wholly owned company, Lola Ventures. Lola Ventures sold 1,000,000 shares of ACB on June 6th at a weighted average price of $2.1023 CAD per share. The sale amounted to a divestment of $2,102,300 CAD (~$1,561,378 USD). Following this transaction, Lola Ventures owns 11,987,782 shares of ACB. 

 

Insider Selling by Director, Michael Singer

 

Aurora Director. Michael Singer filed with SEDI on June 9th to report two stock sales. Mr. Singer made two separate sales: one on June 7th and another on June 9th. On June 7th, Mr. Singer sold 61,800 shares of ACB at a weighted average price of $2.18 CAD per share. On June 9th, Mr. Singer sold an additional 38,200 shares of ACB at a weighted average price of $2.23 CAD per share. Combined, the sales amount to a divestment of $219,910 CAD (~$163,325 USD).

 

Insider Selling by Director, Jose Del Moral

 

Aurora Director, Jose Del Moral filed with SEDI on June 5th to report a sale of Aurora stock by 2360203 Ontario Limited, a company that he indirectly owns ACB shares through. 2360203 Ontario Limited sold 622,800 shares of ACB on June 5th at a weighted average price of $2.1246 CAD per share. The sale amounted to a divestment of $1,323,201 CAD (~$987,352 USD). Following this transaction, 2360203 Ontario Limited owns 1,209,886 shares of ACB. 

 

Conclusion

 

To learn more about Aurora Cannabis Inc. be sure to check out the company's profile in our marijuana stock 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 Facebook, Twitter, 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.
 
Disclaimer
 
The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

 

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