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Canopy Growth (TSXV: CGC) (OTC: TWMJF) CEO Bruce Linton disposed of 400K shares of the stock at the end of June, raising approximately $1.1mm:
The sales represented approximately 10% of Linton’s holdings. We reached out to the company for an explanation.
I recently sold some shares to cover financial obligations related to ownership in the Tweed building and related financing more than three years ago to establish the company as well as to assist with personal financial planning. I continue to be a significant shareholder in the company.
Bruce Linton, CEO of Canopy Growth
Canopy Growth, which operates Tweed and Bedrocan Cannabis, reported very strong sales and registered patient growth in late June. The company will be uplisting this quarter from the TSX Venture to the TSX. Its stock is currently down about 6% YTD.
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