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.
Peltz's departure comes just under a week after Aurora's chief executive officer Miguel Martin told BNN Bloomberg in an interview that the investor remained with the company and has been kept up-to-date with its plans to shift some of its strategic focus toward the premium segment of the cannabis market.
Read more at bnnbloomberg.ca