Billionaire Nelson Peltz Resigns as Aurora Cannabis AdvisorPosted by On


Aurora Cannabis (NYSE:ACB) has lost a bit of corporate stardust. Buried in an update about its upcoming annual general meeting, the marijuana grower revealed that billionaire investor Nelson Peltz has resigned as a senior advisor to the company.

The press release included no details nor any specific reasons for his departure. In an email to Marijuana Business Daily, Aurora said without much elaboration that “[t]his change is a direct result of Mr. Peltz’s decision to pursue other commitments.”

Peltz himself has not commented on the resignation.

Smoke emanating from a cannabis bud.

Image source: Getty Images.

The veteran investor’s tenure with Aurora did not last long. The company brought him on board to much fanfare in March 2019, in a move that was seen at the time as lending legitimacy to the marijuana sector.

Upon his appointment,…

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