Investor Nelson Peltz Exits Advisor Role At Aurora CannabisPosted by On

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Activist investor Nelson Peltz has resigned from Aurora Cannabis Inc. (NYSE: ACB) just 18 months after being hired as a strategic advisor.

The move comes just days after the Edmonton, Canada-based company reported losing more than CA$3.3 billion ($2.5 billion) in the 2020 fiscal year.

According to Yahoo Finance, Aurora and Peltz “have concluded their relationship.”

“This change is a direct result of Mr. Peltz’s decision to pursue other commitments, and the company appreciates his valuable contributions,” an Aurora spokesperson said.

Aurora did not respond to a Benzinga request seeking further comment. 

Peltz, who is CEO of New York-based Trian Fund Management, was expected to help Aurora expand globally and better address major cannabis market segments.

Over the last year, Aurora actually “slipped from its top position in Canadian consumer,” according to recently appointed CEO Miguel Martin.

Martin is the third CEO Aurora has had in 2020. He was appointed…

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