George Weston (WN) has notable insider buying

George Weston (T:WN)

Rashid Wasti, a Senior Officer, acquired 1,150 Common Shares on a direct ownership basis at prices ranging from $101.390 and $102.380 through the public market between May 15th, 2019 and May 16th, 2019. This represents a $116,747 investment into the company's shares and an account share holdings change of 17.7%.

George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America. The Loblaw segment, which is operated by Loblaw Companies Limited, is a food and pharmacy retailer, and the majority unitholder of Choice Properties. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, retail banking, credit card services, insurance and wireless mobile products and services. Choice Properties owns, develops and manages income-producing retail and commercial properties.