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MMJ Group director increases holding after positive monthly report

Non-executive director Winton Willesee has made two on-market purchases taking his total holding in an indirect interest to 1.775 million shares.

MMJ Group Holdings Ltd - MMJ Group director increases holding after positive monthly report
The company is encouraged after delivering its July monthly update.

MMJ Group Holdings Ltd (ASX:MMJ, OTC:MMJJF) non-executive director Winton Willesee has again demonstrated his confidence in the global cannabis investment company through an on-market purchase.

The latest increase comes just a week after Willesee increased his holding to 1,716,160 fully paid ordinary shares.

This time around, he has increased his shares on-market to 1.775 million fully paid ordinary shares in an indirect interest.

Willesee acquired a total of 58,840 shares in two separate on-market transactions on August 9 and 11. 

MMJ is currently sitting at A$0.078, having hit a high of A$0.082 last week.

Willesee may well have seen something he liked in MMJ’s monthly update, in which the group exceeded its July benchmarks.

Over the 12 months to July 31, 2021, MMJ’s investment return is 12%, while its total portfolio stands at A$38 million. Its net asset value declined just 1% (before provision of tax) in July, far exceeding the benchmark of 11% over the same period.

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Market Cap: $18.4 m

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