Investors looking at investing in the burgeoning Canadian cannabis industry certainly have a lot to be excited about - a range of growth opportunities have driven share prices higher and higher in the last two years, with the "green rush" seemingly far from abating.
Many investors close to the industry have accumulated large positions in such companies, with Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) no exception.
Of course, these large multi-billion-dollar companies also pay out significant compensation to executives via stock options, and many investors, including myself, take notice when executives clean out their options.
Such is the case at Canopy, with CEO Mark Zekulin exercising all of his options earlier last month for proceeds in excess of $18 million, eliminating his position.
Former co-CEO Bruce Linton also recently exercised his options received following his firing (which is to be expected), though he still holds a substantial position in the company.
As always, a reminder that insider selling is in no way an indication of the direction a stock is expected to move in the near-term, and long-term investors should assess the fundamentals of said company and consult an investment advisor before making any purchases.
Invest wisely, my friends.
