VIDEO: Why aren’t cannabis company directors buying their own stock?
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In spite of the hype around the sector, only a handful of directors in the 14 companies Stockhead monitors as ‘pure’ pot stocks — those which don’t have non-cannabis side hustles — actually bought (or sold) their own stock.
Just 15 directors in all of 2018 spent their own money buying their pot stock, be that via on- or off-market trades, or share purchase plans, and one sold.
Cannabis as an investment forum is extremely popular amongst its adherents, but it’s not nearly as popular amongst its own directors.
Those that bought were from AusCann (ASX:AC8), Botanix Pharmaceuticals (ASX:BOT) Cann Group (ASX:CAN), CannPal (ASXCP1), and THC Global (ASX:THC).
All Cann directors bought stock in the company.