So much for the cannabis industry being a new approach, the same old people are doing the same old things and we congratulate MJ Biz for highlighting it.

One of the best things about COVID19 in this sector in 2020 is that MJ Biz haven’t been able push events all year and have spent time usefull on journalism that gets better and better as the year goes on, creating reports that reflect reality and not what the companies want the markets to see and hear.

They write

Top Aurora Cannabis executives were rewarded with millions of dollars in bonuses and raises for the fiscal year ended June 30, the company disclosed, despite mass layoffs and a loss exceeding 3 billion Canadian dollars ($2.3 billion).

The Alberta-based company disclosed the figures for the fiscal year in a proxy circular sent ahead of its annual general meeting, scheduled for Nov. 12 via webcast.

Share and option-based awards for the six executive officers listed in the circular rose 58% compared to the year earlier, to CA$9.8 million. Those awards account for most of the executive compensation.

Cash bonuses awarded to the executives, meanwhile, amounted to nearly CA$700,000.

Read the full report at

 

Aurora Cannabis execs saw raises, bonuses despite multibillion-dollar loss