you also need to consider that when listed @2.25 17mil shares was worth 38,250,000.
now they are worth 111,350,000.
i don't think it was to do with the passing of Anthony
also no article actually states which owners of the shares sold their lots (Frank,Anth,Rob), all it says is that 5% was offloaded.
Considering that they are invested in their own newer companies now perhaps they wanted extra capital and seeing the large increase in SP from 2.25-6.55 why not capitalise
I do not see any link with the sale to the future performance or backing of the company
CGC Price at posting:
$6.58 Sentiment: None Disclosure: Held