The Chairman of Columbia Care is Exercising Options

By Carrie Williams

Today it was reported that the Chairman of Columbia Care (CCHWFResearch Report), Michael James Abbott, exercised options to sell 20,000 CCHWF shares for a total transaction value of $155.6K.

In addition to Michael James Abbott, 3 other CCHWF executives reported Sell trades in the last month.

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Based on Columbia Care’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $76.06 million and GAAP net loss of -$55,677,000. In comparison, last year the company earned revenue of $23.17 million and had a GAAP net loss of $25.82 million. Currently, Columbia Care has an average volume of 718.54K. The company has a one-year high of $7.89 and a one-year low of $1.50.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $10.36, reflecting a -37.4% downside.

The insider sentiment on Columbia Care has been negative according to 98 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Columbia Care, Inc. engages in the cultivation, manufacture and provision of medical cannabis products and services. It distributes its products under the EleCeed, TheraCeed, and ClaraCeed brands. The company was founded by Nicholas Vita and Michael Abbott in 2012 and is headquartered in New York, NY.