Colabor Group (GCL) has notable insider buying

Colabor Group (T:GCL)

Colabor Group Inc. (GCL) has a high amount of executive buying compared to its micro-cap peers over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $129,994.Robert John Briscoe, a Senior Officer, Director and 10% Holder executive, acquired 238,000 Common Shares on a direct ownership basis at prices ranging from $0.448 and $0.450 through the public market between October 30th, 2018 and October 31st, 2018. This represents a $106,894 investment into the company's shares and an account share holdings change of 7.1%.

Lionel Ettedgui, CEO, acquired 52,500 Common Shares on a direct ownership basis at a price of $0.440 through the public market on October 30th, 2018. This represents a $23,100 investment into the company's shares and an account share holdings change of 8.2%.

Colabor Group Inc is a Canada-based distributor of food and food-related products. The Company serves foodservice and retail markets. The Company operates through two segments: Distribution and Wholesale. The Distribution Segment includes operating activities, such as Summit Foodservice, which is a distributor and master food wholesaler; Skor Cash & Carry Division, which operates over five Cash & Carry locations in southern Ontario and offers over 12,000 retail and food service products; Colabor Food Distributor, which is a distributor to foodservice and retail customers; Les Pecheries Norref Quebec Inc., which is a fresh fish and seafood products importer and distributor in the province of Quebec, and Lauzon Meats is a distributor of Cargill beef brands. The Wholesale Segment includes Boucherville Distribution Centre and Viandes Decarie. It operates in over three divisions, which include Ontario, Central Quebec, and Eastern Quebec and Maritimes.