Aphria Insiders Cash Out $7.245 Million

Aphria (TSX: APH) (OTC: APHQF) co-founders and directors Cole Cacciavillani, who serves as Chief Operating Officer, and John Cervini have reduced their holdings in September. According to transactions filed at Canada’s System for Electronic Disclosure by Insiders (SEDI):

Cacciavillani sold 1mm shares in total, including 500K at $6.00 on September 11th and $500K at $6.09 on September 12th. After the sales, for proceeds of $6.045mm, he hold 5.767mm shares directly and 1.728mm in a Family Trust. He previously had sold 1mm shares at $6.50 on March 1st.

Cervini sold 200K shares on September 12th at $6.00 on September 11th, leaving him with 9.3mm shares held in Fulfill Holdings and 2.667mm shares held in his name. He had previously sold 1mm shares at $6.50 on March 1st and 1mm shares at $3.50 on October 12, 2016.

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Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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