The week began with the departure of activist investor Nelson Peltz from Aurora Cannabis Inc. (NYSE:ACB), just 18 months after being hired as a strategic advisor.
Aurora and Peltz “have concluded their relationship,” an Aurora spokesperson confirmed. “This change is a direct result of Mr. Peltz’s decision to pursue other commitments, and the company appreciates his valuable contributions.”
The announcement came just days after the Edmonton, Canada-based company reported a CA$3.3 billion ($2.5 billion) loss for the 2020 fiscal year. Shares of Aurora Cannabis closed the week down 8.7%.
Fortunately, ETFs didn’t take such a big hit. Over the five trading days of the week:
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