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Billionaire activist investor Nelson Peltz has resigned as a senior advisor to Aurora Cannabis Inc. to pursue other commitments, the company announced Monday.

Peltz first joined Aurora in March 2019 under a senior advisory services agreement where he was tasked with helping the company devise a strategy to find a way to marry its cannabis business with the U.S. consumer market.

Peltz, a founding partner of Trian Fund Management LP, a New York-based hedge fund with more than US$9 billion in assets under management, was heralded at the time of his hiring to be a key part of a broader U.S. play that could help unlock potential partnerships with Aurora and other consumer-packaged goods companies.

– Read the entire article at BNN Bloomberg.

https://www.cannabisculture.com/content/2020/09/28/billionaire-investor-nelson-peltz-resigns-as-aurora-cannabis-advisor/

Associated Press

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