The cannabis space has been hot sine the ballots in the US last November, but as late, it’s started to settle a bit. That is, there’s less external volume interest, but that doesn’t mean we aren’t seeing any inter-activity. Here’s an example of exactly this sort of activity between tow companies in the sector – Kush and cannabis Sativa.
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cannabis Sativa Inc. (OTCMKTS:CBDS) reported that Kush, Inc. has picked up 1,250,000 of common stock as of 2017-01-25.
The acquisition brings the aggregate amount owned by Kush, Inc. to a total of 1,250,000 representing a 6.8% stake in the company.
For those not familiar with the company, Cannabis Sativa, Inc. develops and promotes natural cannabis products. The Company is engaged in the research, development and licensing of natural cannabis products, including cannabis formulas, edibles, topicals, strains, recipes and delivery systems. The Company plans to develop, produce and market products through joint ventures with companies licensed under state regulations applicable to cannabis businesses. It holds the license for a medicinal cannabis strain called NZT, a cannabis lozenge delivery methodology, and a cannabis trauma cream formula. The Company is also developing a third strain of cannabis plant named CT22. The Company also conducts its operations through its subsidiary, Wild Earth Naturals, Inc. (Wild Earth).
A glance at Cannabis Sativa Inc. (OTCMKTS:CBDS)’s key stats reveals a current market capitalization of 154.82 million based on 18.47 million shares outstanding and a price at last close of $8.38 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-07-31, Barrameda picked up 500 at a purchase price of $10.58. This brings their total holding to 4,842,243 as of the date of the filing.
On the sell side, the most recent transaction saw Gravel unload 49,423 shares at a sale price of $9.08. This brings their total holding to 98,074.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Cannabis Sativa Inc. (OTCMKTS:CBDS) as things move forward to see if its progress aligns with these transactions.
