Off-market insider buying at Genesis Land Development (GDC)

Off-market insider buying at Genesis Land Development (T:GDC)

Garfield Robert Mitchell, a 10% Holder, acquired 1,273,800 Common Shares on an indirect ownership basis for registered holder Smoothwater Capital Corporation at a price of $2.110 through a private transaction on November 30th, 2020. This represents a $2,687,718 investment into the company's shares and an account share holdings change of 6.9%.

Genesis Land Development Corp. (Genesis) is a Canada-based company engaged in the acquisition, development, and sale of land, residential lots and homes primarily in the greater Calgary area. The Company owns a portfolio of entitled residential and mixed-use land. The Company operates through two segments: land development and home building. Land development involves the acquisition of land held for future development, and the planning, servicing and marketing of residential, commercial, industrial and urban communities. Home building includes the acquisition of lots, and the construction and sale of single and multi-family homes. Its residential properties include Airdrie, which consists of the communities of Bayside, Bayview and Canals; Calgary NW, which consists of the community of Sage Meadows; Calgary NE, which consists of the community of Saddlestone, and Calgary SE, which consists of southeast land. Its Mixed-use properties consist of North Conrich and Sage Hill Crossing.