Institutional Investor Adds Another 2.5 Million Shares of Green Thumb Industries
FeaturedTrending Stories December 18, 2020 MJ Shareholders 0
In late October, an undisclosed institutional investor bought 5.5 million shares of Green Thumb Industries (CSE: GTI) (OTC: GTBIF) in a private transaction at C$19.25. The same buyer, according to a company spokesperson, has bought an additional 2.5 million shares at C$27.50, 43% higher, as disclosed in an early warning report. The sale was made by a group on early investors and insiders of the company in a private transaction.
The purchase was at a slight discount to the recent 52-week closing high and just beneath the all-time high of C$32.50 in late 2018.
The investment continues an accelerating trend of institutional equity and debt investment into the American cannabis industry.
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