Cannabis maker Aurora picks billionaire investor Nelson Peltz as adviser

Nelson Peltz

He formerly served as a director on Mondelez International Inc(NASDAQ: MDLZ), Heinz Company, Legg Mason Inc (NYSE: LM) and Ingersoll-Rand PLC (NYSE: IR). (ACI) sent the latter's stock surging almost 16 percent Wednesday. In addition, Peltz received options to purchase almost 20 million common shares of Aurora's stock at CAD $10.34 (USD $7.76).

The billionaire Nelson Peltz is getting into the cannabis business. ACI is in talks with The Coca-Cola Company about developing and marketing cannabis-infused drinks. Pepsi's stock fell in 2016 when Peltz sold his shares in the beverage company.

Shares in Aurora rose more than 11 per cent in early trading.

Peltz's experience jibes with ACI's needs.

"I believe Aurora has a solid execution track record, is strongly differentiated from its peers, has achieved integration throughout the value chain and is poised to go to the next level", Peltz said in the statement. "I also believe that Canadian licensed producers, and Aurora in particular, are well positioned to lead in the development of the worldwide cannabis industry as regulations evolve". Constellation and Altria both have the option of taking majority control of the Canadian cannabis companies in the future.

2nd mosque shooting reported in New Zealand
There are unconfirmed reports that the people (shooters) are still at large and that there are shootings in multiple locations. New Zealand Police Commissioner Mike Bush said anyone thinking of going to a mosque should stay put and close their doors.

Disney, Fox merger set to close March 20
The house of mouse has said the acquisition is expected to become effective at 12:02am ET on 20 March, 2019. The Murdochs also will retain the legendary Fox Studios lot on Pico Boulevard near Century City.

Jury Awards $29.4 Million in Talcum-Cancer Trial
Leavitt's trial originally included Johnson & Johnson talc supplier, Imerys Talc America, a unit of Imerys SE, as a co-defendant. A company executive in the 1970s warned that J&J's talc mines might not be free of asbestos.

Trian, which Peltz co-founded in 2005, shuns the term activist investor, preferring to be known as a "highly engaged share owner".

Financier Nelson Peltz speaks at the Simon Wiesenthal Center Honors Award.

Canada's Aurora Cannabis Inc said on Wednesday it had roped in billionaire investor Nelson Peltz as a strategic advisor, sending the company's USA -listed shares up 9 per cent to US$8.65 in trading before the bell.

"There is so much happening in this area right now and we think it has incredible potential", said Heather MacGregor, ACI spokesperson in September 2018. Pucher previously headed the investment bank's Canadian diversified banking division, which included Goldman's coverage of the Canadian cannabis industry.

Aurora, based in Edmonton, Alberta, hasn't yet secured a major strategic partner along the lines of Constellation Brands Inc.'s investment in Canopy Growth Corp. or Altria Group Inc.'s deal with Cronos Group Inc. CGC is the largest producer of medical marijuana in North America.

Related News:



Most liked

Android Q Has a Built-In Desktop Mode
As known through various leaks in the past, the latest Android version comes packed with a lot of new changes. They include the system-wide dark mode , although some phones may have issues implementing it at this stage.

16-year-old Swedish girl nominated for Nobel Peace Prize
Malala Yousafzai now holds the record for youngest Nobel laureate after she won the Nobel Peace Prize in 2014 at the age of 17 . The list of nominees is kept secret for at least 50 years, in line with the Nobel Foundation's statutes.

Another Amazon device is getting Apple Music support in the US
What other services would you like to see Apple Music come to? Apple is likely facing stiff competition from rival music services. Those across the pond have been able to stream music via Apple's subscription service since December.

Seahawks sign oft-injured Mike Iupati to replace J.R. Sweezy
Kendricks spent the first six years of his career with the Philadelphia Eagles with whom he won a Super Bowl in 2018. I think he played better than he did the year before for (offensive-line coach) Mike (Solari) with the Giants.

FBI Debated in 2016 How Aggressively to Probe Trump Campaign
Strzok was dismissed from Robert Mueller's team once the text messages were uncovered by internal investigations. Strzok waged a similar defense during a contentious public hearing in July of a year ago .

Is Cory Booker Single? Officially Dating Rosario Dawson | Personal Space
Booker, of course, is grounded in the District and New Jersey. Calls to a Booker spokesman were not immediately returned. Rosario Dawson and 2020 presidential candidate Sen.

Internet of Things (IoT) Healthcare Market Technological Advancements and Growth 2019
Based on segmentation by connectivity technology, the market could be segmented into zigbee, Bluetooth, and wi-fi connections. We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals.

Oil Rises Strongly Supported by Cuts, Sanctions
In the report, OPEC said its oil output fell by 221,000 bpd month-on-month to 30.55 million bpd in February. Crude oil imports have decreased in recent years as United States crude oil production has increased.

Boeing Has Grounded All Boeing 737 Max Planes Worldwide Over Safety Fears
We sincerely thank all stakeholders for the continued confidence placed in the National Airline of Trinidad and Tobago. More than 40 other countries had already banned operation of the narrow-body plane by Tuesday night.

CT high court: Gunmaker Remington may be sued for Sandy Hook shooting
Several groups, ranging from the National Rifle Association to emergency room doctors, submitted briefs to the court. According to the report , a motive behind the shooting by gunman Adam Lanza is still unknown.

Samsung is already planning to drop the punch-hole camera
The report comes less than a month after Samsung debuted its latest line of flagship smartphones . Samsung's ultimate goal is create a smartphone with all of sensors embedded beneath the screen.

Arsenal v Rennes Match Report, 14/3/19, UEFA Europa League
He opened the scoring after a cutback from Aaron Ramsey in the opening five minutes to get Arsenal off to a ideal start. Arsenal's two goal Pierre-Emerick Aubameyang produced his spider mask during their Europa League triumph over Rennes .

Champions League quarter-final draw
Barcelona and Juventus come next in the betting ahead of Liverpool , United and Spurs , with Ajax and Porto the two big outsiders. Manchester United overcame Paris Saint-Germain, pulling off a shock 3-1 win at the Parc des Princes last week.

Toyota Announced a $13 Billion Investment in the U.S.
Past job expansions at the facility have generated about 10,000 applications, Fernandes said. Officials from the company say literacy is a fundamental part of career preparedness.

Earth's mightiest mortals are back in this epic new Avengers Endgame trailer!
We now have confirmation that Okoye will be appearing in Avengers: Endgame , since she is featured on the poster . It's also possible that the suits are somehow created to allow for the team to travel into the Quantum Realm.