Just under 33m of Cann’s (ASX:CAN) shares come out of escrow on May 6. That’s about 10 per cent of the company’s share register.
But while the board and CEO hold just over 9m of these shares, they’re not selling.
In an interview with Stockhead, CEO Peter Crock said none of them would be selling.
“In terms of the directors that’s a clear position,” he said.
Investors sold down the stock on Wednesday morning by 4 per cent to $2.37.