Aurora Cannabis Spikes After Billionaire Activist Nelson Peltz Added as Adviser

Martin Baccardax - finance.yahoo.com Posted 5 years ago

shares were marked sharply higher in pre-market trading Wednesday after it named billionaire activist investor Nelson Peltz as a strategic adviser to the Canada-based group. Peltz will advise the group on its global acquisition strategy and potential business partnership, Aurora Cannabis said, and will be granted options to purchase around 20% of the company's shares at C$10.34 each ($7.74). "Nelson is a globally recognized business visionary with a strong track record of constructive engagement to generate accelerated, profitable growth and shareholder value across many industry verticals that are of great interest to us," said CEO Terry Booth.

Story continues