Director buying at Wellness Lifestyles (T:WELL)

Hamed Shahbazi, a Director, acquired 2,049,667 Common Shares on an indirect ownership basis for registered holder Impactreneur Capital Corp. at a price of $0.300 on February 9th, 2018. This represents a $614,900 investment into the company's shares and an account share holdings change of 58.6%.

Wellness Lifestyles is in the Holding Companies Sub Industry Group under the Financials Sector.

Wellness Lifestyles Inc, formerly Movarie Capital Ltd, a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate the terms upon which the Company may acquire an interest in the asset or business subject to shareholders' approval and acceptance by regulatory authorities, which will meet the definition of a qualifying transaction. The Company does not have any operations. The Company until it completes a qualifying transaction will not conduct any business other than the identification and evaluation of businesses and assets for potential acquisition. Wellness Lifestyles Inc. (WELL) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $614,900.