The Chief Operating Officer of Columbia Care (Other OTC: CCHWF) is Buying Shares

By Carrie Williams

Today, the Chief Operating Officer of Columbia Care (CCHWFResearch Report), David Hart, bought shares of CCHWF for $32.97K.

This is Hart’s first Buy trade following 5 Sell transactions. This recent transaction increases David Hart’s holding in the company by 1% to a total of $3.97 million.

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Based on Columbia Care’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $86.1 million and GAAP net loss of -$15,413,000. In comparison, last year the company earned revenue of $26.32 million and had a GAAP net loss of $20.11 million. Currently, Columbia Care has an average volume of 618.63K. The company has a one-year high of $7.89 and a one-year low of $2.40.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $10.85, reflecting a -57.0% downside. One of the top 25 analysts, according to, recently recommended Buy CCHWF with a $15.00 price target. Three different firms, including Canaccord Genuity and Cowen & Co., currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $1.31M worth of CCHWF shares and purchased $32.97K worth of CCHWF shares. The insider sentiment on Columbia Care has been negative according to 102 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.