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Off-market insider buying at Fiore Cannabis (C:FIOR)

Updated Monday Apr 26, 2021 04:40 AM EDT

Marcel Rene LeBlanc, a Director, acquired 2,016,667 Common Shares on an indirect ownership basis for registered holder M.R.L.B. Enterprises Incorporated at a price of $0.150 through a prospectus or prospectus exempt offering on April 21st, 2021. The insider also acquired 2,016,667 Warrants with an exercise price of $0.220 for 18 months. This represents a $302,500 investment into the company's shares and an account share holdings change of 33.9%.

Another insider also participated in the financing in a smaller amount.

Fiore Cannabis is in the Healthcare Facilities & Services Sub Industry Group under the Healthcare Sector.

Fiore Cannabis Ltd., formerly Citation Growth Corp., is a Canada-based cannabis cultivator, producer and retailer. The Company is engaged in the business of cultivation and production of medical and recreational marijuana with operations in the United States, in the states of Nevada and California. The Company's brands include Fiore, Diamante Labs and PureCloud 9. Fiore is a cannabis flower brand. Diamante Labs formulates extracts by using closed loop hydrocarbon processes. PureCloud 9 offers skincare line based on its blend of cold-pressed hemp seed oil, infused with botanical and exotic essential oils. The Company has cultivation and production operations in Las Vegas and a boutique dispensary in California's Coachella Valley. Fiore Cannabis Ltd. (FIOR) has a high amount of executive buying compared to its micro-cap peers in the market over the past three months. According to recent regulatory filings, two insiders have invested a total amount of $494,650.

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Go to Fiore Cannabis Ltd. (FIOR)'s company page

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Fiore Cannabis Ltd.

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