Categories Cannabis, Health Care, U.S. Markets News

Aurora Cannabis appoints activist billionaire investor Nelson Peltz as strategic advisor

Aurora Cannabis (ACB) stock surged more than 10% in the pre-market trading as the company appointed activist investor Nelson Peltz as its strategic advisor. Mr. Peltz and Aurora will work collaboratively and strategically to explore potential partnerships that would strategically fit for successful entry into each of Aurora’s contemplated market segments. Mr. Peltz will also advise on the company’s global expansion strategy.

Nelson Peltz, the founding partner and CEO of multi-billion dollar investment management firm Trian Fund Management, also currently serves as the non-executive Chairman of The Wendy’s Company (WEN) and as a director of The Procter & Gamble Company (PG), Sysco Corporation (SYY), and The Madison Square Garden Company (MSG).

Aurora granted options to Peltz to purchase about 20 million common shares in the company at a price CAD$10.34 per share. These options will vest ratably over a four-year period on a quarterly basis, subject to accelerated vesting based on the occurrence of certain specified events.

“We look forward to working with Nelson to further extend our global cannabis industry leadership by aligning Aurora with each of the major market segments cannabis is set to impact,” said CEO Terry Booth.

Mr. Peltz added, “I also believe that Canadian licensed producers, and Aurora in particular, are well positioned to lead in the development of the international cannabis industry as regulations evolve, with a strong, globally replicable operating model.”

Last month, Aurora Cannabis shuffled its board of directors. The board appointed Michael Singer as Executive Chairman and Ronald Funk as Lead Independent Director. Margaret Atkins was hired as a new independent director and Chair of the Audit Committee.

Shares of Aurora, which inched up 0.13% on Tuesday, have rallied 60% so far in this year.

 

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

 

 

 

 

Most Popular

Salesforce stock hit by weak guidance, co-CEO’s exit. What next?

For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected

Macy’s (M): Here’s a look at the retailer’s expectations for the near term

Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

Comments

  1. Pingback: ไฮโล
  2. Pingback: Heavy News
  3. Pingback: ff tools
  4. Pingback: ff tools hack apk
  5. Pingback: etos
  6. Pingback: kruideniertje
  7. Pingback: TikTok 18 plus
  8. Pingback: Thoptv
  9. Pingback: enlevement epave
  10. Pingback: Epaviste
  11. Pingback: épave automobile
  12. Pingback: épave automobile
  13. Pingback: épave automobile
  14. Pingback: Epaviste
  15. Pingback: Epaviste gratuit
  16. Pingback: enlevement epave
  17. Pingback: Epaviste
  18. Pingback: sexy
  19. Pingback: คาสิโน
  20. Pingback: sa casino
  21. Pingback: weed pen
  22. Pingback: ps 5 for sale
  23. Pingback: Buy Weed Online
  24. Pingback: Epaviste
  25. Pingback: enlevement epave
  26. Pingback: Epaviste gratuit
  27. Pingback: Hemp T-shirt
  28. Pingback: pink runtz
  29. Pingback: cereal milk strain
  30. Pingback: CZ P10C FOR SALE
  31. Pingback: DESERT EAGLE 1911
  32. Pingback: Glock 43x
  33. Pingback: Hd Wallpapers
  34. Pingback: Qualified Writings
  35. Pingback: daisy
  36. Pingback: Buy This Domain
  37. Pingback: classic books
  38. Pingback: nursing essay
  39. Pingback: E-commerce
  40. Pingback: Johnnie Walker
  41. Pingback: Buy This Domain
  42. Pingback: สล็อต
  43. Pingback: สล็อต pg
  44. Pingback: สล็อตpg
  45. Pingback: สล็อต
  46. Pingback: Tecno Spark 5
  47. Pingback: Iphone 13 Pro Max
  48. Pingback: karen ball
  49. Pingback: dexedrine for sale
  50. Pingback: slayer sneakers
  51. Pingback: slayer sneakers
  52. Pingback: w320axgf-9-bxr3-r2
  53. Pingback: fiona tile
  54. Pingback: tiles lowes
  55. Pingback: Buy Cocaine Online
  56. Pingback: wikipedia.or.id
  57. Pingback: lymphatic machine
  58. Pingback: zemit
  59. Pingback: zemits
  60. Pingback: cryo machine
  61. Pingback: Bollywood
  62. Pingback: Breaking news
  63. Pingback: rime news
  64. Pingback: Movies news
  65. Pingback: About us
  66. Pingback: entertainment news
  67. Pingback: Privacy
  68. Pingback: Political news
  69. Pingback: Contact us
  70. Pingback: this post
  71. Pingback: Bonuses
  72. Pingback: Read More Here
  73. Pingback: زواج
  74. Pingback: egypt education
  75. Pingback: Guns on Sale
  76. Pingback: 45 ACP Ammo
  77. Pingback: Colt 1911 for Sale
  78. Pingback: Glock 17 for Sale
  79. Pingback: SpytoStyle.Com
  80. Pingback: g88vin
  81. Pingback: ban ca h5
  82. Pingback: bet789
  83. Pingback: emupedia
  84. Pingback: game đánh bài
  85. Pingback: so em xui
  86. Pingback: Men's Dress Shirts
  87. Pingback: etobicoke realtors
  88. Pingback: Chán nản
  89. Pingback: Lê Thị Giàu
  90. Pingback: vnhoi
  91. Pingback: vnhoi
  92. Pingback: super hero
  93. Pingback: fue
  94. Pingback: Seznam
  95. Pingback: Khaleej Times
  96. Pingback: GLOCK 23
  97. Pingback: GLOCK 43X
  98. Pingback: GLOCK 17 For Sale
  99. Pingback: Cousin Pat
  100. Pingback: one way anova
  101. Pingback: Everest View Trek
  102. Pingback: Upper Mustang Trek
  103. Pingback: Gokyo Lake Trek
  104. Pingback: Mera Peak Climbing
  105. Pingback: ???? ?????
  106. Pingback: ???? ?????
  107. Pingback: ???? ?????
  108. Pingback: ???? ?????
  109. Pingback: ???? ?????
  110. Pingback: ???? ?????
  111. Pingback: Fitness Info
  112. Pingback: Health Guide
  113. Pingback: Healthcare tips
  114. Pingback: Fitness Info
  115. Pingback: FUE
  116. Pingback: nj
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top