MJ Biz report today.…..Aurora Cannabis and billionaire investor Nelson Peltz “have concluded their relationship,” a spokeswoman for the Alberta, Canada-based company confirmed to Marijuana Business Daily.
Things aren’t on the up at Aurora these days and this announcement just adds to the questions. They’ve got an AGM coming up on 12 November. It sounds like it is going to be a lively affair !
MJ Biz add
Peltz’s resignation was announced in a news release Monday along with information about the company’s annual general meeting scheduled for Nov. 12.
Peltz signed on as a strategic adviser in March 2019 to help Aurora lock in partnerships and expand internationally – a move that was heralded at the time as a major vote of confidence for the Canadian company.
Aurora lost more than 3.5 billion Canadian dollars ($2.6 billion) during the time Peltz served as an adviser.
Peltz co-founded New York-based multibillion-dollar asset management firm Trian Fund Management. He is also director of fast-food holding firm Wendy’s Co. and Procter & Gamble.
Here is the press release
NYSE |TSX: ACB
EDMONTON, AB, Sept. 28, 2020 /CNW/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today that it plans to file its Management Information Circular (the “Information Circular”) and related proxy materials on SEDAR and EDGAR on September 29, 2020 in relation to the upcoming Annual General and Special Meeting (the “AGM”) to be held on Thursday, November 12, 2020 at 10:00 AM (Mountain Time). The Company has elected to use the notice and access procedure, with mailing expected to follow in the coming days.
Due to the global COVID-19 public health emergency, the AGM will be held for the first time in a virtual-only format, via live webcast at https://web.lumiagm.com/242822694. A virtual-only meeting is being adopted this year to give all shareholders an equal opportunity to participate at the meeting regardless of their geographic location or particular constraints, circumstances or risks they may be facing as a result of COVID-19. Further details, including business to be conducted at the meeting and instructions on how to vote and attend the virtual meeting, can be found in the Information Circular and related proxy material.
Additionally, 280 Park ACI Holdings LLC has resigned as senior advisor to the Company, effective September 25, 2020 in order to pursue other commitments. 280 Park ACI Holdings LLC, the principal of which is Nelson Peltz, had been providing services to the Company since March 2019 with respect to its US strategic initiatives.
Aurora is a global leader in the cannabis industry serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis dedicated to helping people improve their lives. The Company’s brand portfolio includes Aurora, Aurora Drift, San Rafael ’71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, and Reliva. Providing customers with innovative, high-quality cannabis and hemp products, Aurora’s brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched. For more information, please visit our website at www.auroramj.com.
Aurora’s Common Shares trade on the TSX and NYSE under the symbol “ACB”, and is a constituent of the S&P/TSX Composite Index.