Canada's Aurora Cannabis Inc named billionaire investor Nelson Peltz as a s...
- Canada’s Aurora Cannabis Inc named billionaire investor Nelson Peltz as a strategic adviser on Wednesday, sending the company’s U.S.-listed shares up 11 percent in trading before the bell.
The company has offered Peltz an option to buy about 20 million of its shares at C$10.34 a share, a small discount on the stock’s close of C$10.64 on Tuesday.Aurora will tap into Peltz’s extensive experience in the consumer industry and work with him to explore potential partnerships that will expand the company globally.
The appointment comes weeks after rival Canopy Growth Corp appointed lifestyle guru Martha Stewart to help develop and launch a line of pot-based products.
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