Jewett-Cameron is buying back shares like crazy. They defined a rule in their last share purchase plan approved that they could buy blocks of 5000 shares minimum at a minimum price of 50000$. The current price of JCTCF is over 10.78$ so well above the 10$ mark and volume is on steroide for this micro-cap stock. Average volume is around 4000 shares traded a day in the last years but average for the last week is over 10000 shares traded!
The current board owns over 48% of the company (without considering the buy-backs since publishing in december) and the employee investment fund of the company owns another 20% or about of the business. Giving the board an effective power around 68% on the company. The current share repurchase plan gives the board the power to buy back up to 15% of the company.
Considering these factors, I think there is a possibility that the board is trying to get this company private. It would save them around 200k a year in auditing fees all of which would go back directly in their pockets. I would not be suprised if they announce a reverse merger as soon as results are coming in with a nicer look.
Disclosure : Author has a position in JCTCF.