Insider Selling: General Cannabis Corp (CANN) CEO Sells 25,000 Shares of Stock
General Cannabis Corp (NASDAQ:CANN) CEO Robert Lawrence Frichtel sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $3.71, for a total value of $92,750.00. Following the completion of the sale, the chief executive officer now owns 981,000 shares of the company’s stock, valued at $3,639,510. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of General Cannabis Corp (NASDAQ:CANN) opened at 2.50 on Friday. The firm’s market capitalization is $38.74 million. General Cannabis Corp has a 52-week low of $0.32 and a 52-week high of $4.72. The firm has a 50-day moving average price of $1.54 and a 200-day moving average price of $1.10.
About General Cannabis Corp
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General Cannabis Corporation offers various products and services to companies in the cannabis industry. The Company’s integrated solution ranges from operational and compliance consulting to security and marketing to financing needs. The Company’s segments include Security and Cash Management Services; Marketing and Products; Consulting and Advisory, and Finance and Real Estate.
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