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