The Horizons Medical Marijuana Life Sciences ETF debuted Wednesday. Insider sentiment toward the medical marijuana group is generally mixed.
At Canada's largest marijuana stock, Canopy Growth Corp., chief executive officer Bruce Linton sold about $3.7-million worth of stock over the past month. In addition, from March 9 to 31, a director sold 143,650 shares, while on March 9 he bought 20,000 shares. Ultimately, interest rates may influence the group's fate. Last fall, cannabis stocks pulled back then troughed in late December as Treasury yields peaked.
Disclaimer:
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.