Off-market insider selling at PharmaCielo (PCLO)

Off-market insider selling at PharmaCielo (V:PCLO)

Anthony Wile, a 10% Holder, disposed of 1,700,000 Common Shares on a control or direction basis for registered holder Jaque Capital Management Ltd. at a price of $0.840 through a private transaction on May 18th, 2020. This represents a $1,428,000 divestment of the company's shares and an account share holdings change of -13.3%.

PharmaCielo is in the Pharmaceuticals Sub Industry Group under the Healthcare Sector.

Pharmacielo Ltd, formerly AAJ Capital 1 Corp, is a Canada-based company that is engaged in the alternative medicine sector. The Company produces cannabis oils. It offers medicinal-grade oil extracts and related products, which provide relief and wellness formulas for patients in need, including those requiring higher levels of tetrahydrocannabinol (THC). The Company's wholly-owned subsidiary is PharmaCielo Colombia Holdings SAS based in Colombia. The Company works together with Cooperativa Caucannabis and more than 60 local regional farmer members in Cauca, Colombia to cultivate cannabis for the production of standardized, medicinal-grade oil extracts and related products. Pharmacielo Ltd holds Colombian licenses for cannabis. PharmaCielo Ltd. (PCLO) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has divested a net amount of $1,428,000.