Off-market insider buying at Yooma Wellness (YOOM)

Off-market insider buying at Yooma Wellness (C:YOOM)

Lorne Kenneth Abony, a Director, acquired 138,316 Common Shares on an indirect ownership basis for registered holder Abony Enterprises Limited Partnership and 71,549 Common Shares on an indirect ownership basis for registered holder Teterboro 2018, LLC at a price of $1.340 through a prospectus or prospectus exempt offering on July 13th, 2022. This represents a $281,219 investment into the company's shares and an account share holdings change of 12.0%.

Two other insiders also participated in smaller amounts.

Yooma Wellness is in the Online Services Sub Industry Group under the Technology Sector.

Yooma Wellness Inc. is a Canada-based company, which is a vertically integrated wellness platform, including cannabidiol (CBD) products and other wellness brands. The Company, through its Socati subsidiary, produces cannabinoid ingredients, including CBD and other minor cannabinoids. The Company's CBD and wellness brands include MYO Plant Nutrition, What the Hemp, Hello Joya, Big Swig, Blossom, Vertex, Vitality CBD, Sakai Premium and mondiale, among others. It distributes its products through various platforms, including e-commerce, mass-market retail and independent retail partners. It leverages its sales channels and e-commerce networks to deliver various mix of wellness products through subsidiaries in the United Kingdom, France, the United States and Japan. The Company's subsidiaries include Entertainment Direct Asia Ltd., Yooma Japan K.K., Big Swig Inc., Socati Corp., and Yooma Europe Limited.