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Green Thumb Industries Inc C.GTII

Alternate Symbol(s):  GTBIF

Healthcare Cannabis
Green Thumb Industries Inc. is a cannabis consumer packaged goods company. It is a retailer, which promotes well-being through the power of cannabis while giving back to the communities in which it serves. It has two segments: Retail and Consumer Packaged Goods. The Company owns, manufactures and distributes a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomons, Good Green, incredibles and RYTHM, to third-party retail stores across the United States, as well as to its own retail stores. It also owns and operates retail cannabis stores that include a national chain called RISE Dispensaries, as well as retail stores operating under other names. Its retail stores sell a combination of its products and third-party products. It operates in 14 United States markets, including California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Virginia.


CSE:GTII - Post by User

Green Thumb Industries Inc > INSIDER PLANS TO SELL UP TO 3.1 MILLION SHARES...........
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Comment by Rotalucepson Jul 25, 2020 11:08am
142 Views
Post# 31318719

RE:INSIDER PLANS TO SELL UP TO 3.1 MILLION SHARES...........

RE:INSIDER PLANS TO SELL UP TO 3.1 MILLION SHARES...........
insidersnoop1 wrote:

CHICAGO, Ill., July 3, 2020 /CNW/ - Peter Kadens (the "Holder") announced today that on July 2, 2020

The Holder intends to dispose of a certain portion of its newly converted Subordinate Shares through the facilities of the Canadian Securities Exchange and through private transactions. The Reporting Issuer is listed on the Canadian Securities Exchange under the symbol "GTII".

 


LINK

https://www.newswire.ca/news-releases/peter-kadens-converts-portion-of-super-voting-shares-in-green-thumb-industries-inc--865002638.html



Your point was? It is normal that an insider, in this case sell parts of his shares. If a lot of insiders are selling, then it could be a bad sign. Look why he stepped down from his CEO position below. He now owns 22% instead of 28%. It is an old article dated July 3, that he sold, and the stock climbed a lot since it was 13.50 on July 3.  

 https://www.chicagobusiness.com/opinion/why-i-quit-being-ceo-and-swear-never-be-one-again


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