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BREAKING: Spyder Cannabis Enters into MOU with HighBreed Growth Corp. for a Proposed Reverse Takeover Transaction

  • Through its Israeli subsidiary HighBreed Growth Ltd., is building a cannabis cultivation greenhouses facilities in Israel with a total planned size of 500,000 square feet.
  • HBGC has signed domestic sale contract with an entity to purchase its production capacity
  • Israeli government announced that it would approve cannabis for export in 2019, and regulations are expected to be enacted in the 2nd quarter of 2020 to authorize export

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Message: Insider Trade

Why is Lam selling now? 

The second quarter ends June 30. Insiders are usually prohibited from selling a week before the end of quarter until a week after results have been publicly released. That would typically be approximately mid to late August.

Depending on conditions of the DL sale, further blackout from selling may be in place for insiders pending completion of the sale. If it would be delayed until end of September, he’s right back into the 3q blackout which would extend into mid to late November, nearly 6 months from now. 

A total of 100k shares at 36 cents or so is $36000. If he was selling on bad news, that’s not taking him very far. 

Its still a bad lookdue to timing, but considering the amounts owned by insiders, it’s a drop in the bucket. 

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