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Tuesday, July 5, 2022 8:48:14 PM EDT

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Trulieve Cannabis CEO buys $202,300 worth of stock

5/26/22 1:26 PM ET (MarketWatch)Print

Trulieve Cannabis CEO Kim Rivers acquired 14,000 shares of the cannabis company on Tuesday at a price of $14.45 a share for a total purchase value of about $202,300, according to a filing. Rivers now owns just under 2.5 million shares. Trulieve CFO Alex D'Amico acquired 1,500 shares and Trulieve president Steve White bought 7,000 shares. Including Rivers, White and D'Amico, nine members of Trulieve's senior management team bought a combined 31,650 shares in recent days. Trulieve shares are up 5% on Thursday. The stock has lost 43% of its value in 2022 compared to a drop of 44% by the AdvisorShares Pure US Cannabis ETF (MSOS). (This item has been updated to add detail about the number of people buying shares).

-Steve Gelsi

(END) Dow Jones Newswires