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.

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.

Tesla Model Y: 'Coupe' crossover teased one last time
Tesla trademarked the name "Model Y" in 2013, with Musk first describing this SUV in October 2015. Musk also said the Model Y will be powered by the same battery as the Model 3.

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.

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:

  • Last remaining U.S.  diplomats leave Venezuela

    Last remaining U.S. diplomats leave Venezuela

    Since Monday, the US has revoked 340 visas, 107 of which were for Venezuelan diplomats and their families, according to Palladino. Embassy in Caracas, "reflects the deteriorating situation" and said their presence has "become a constraint on U.S. policy".
    Facebook product chief Cox to exit as focus shifts to messaging

    Facebook product chief Cox to exit as focus shifts to messaging

    Fidji Simo, head of video, games and monetization, will be the new head of the Facebook app, Mark Zuckerberg said in a blogpost. These two departures come on the heels of founding-executive departures at Facebook-owned Instagram and WhatsApp a year ago .
    One Day At a Time Canceled at Netflix

    One Day At a Time Canceled at Netflix

    Meanwhile, all 3 seasons of " One Day at a Time " are available to stream now on Netflix. This is the end of the road for Netflix's reboot of One Day at a Time .
  • 16-year-old Swedish girl nominated for Nobel Peace Prize

    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.
    Mumbai footbridge collapse: Toll rises to 5, 30 hurt

    Mumbai footbridge collapse: Toll rises to 5, 30 hurt

    Local Shiv Sena corporator Sujata Sanap said she had alerted officials about the structure, but they did not act in time. Following the mishap, the civic body made a decision to undertake a structural audit of all the bridges in the city.
    Oil Rises Strongly Supported by Cuts, Sanctions

    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.
  • Slack's dark mode on mobile is now available to all users

    Slack's dark mode on mobile is now available to all users

    One reason why people have been requesting dark mode so much is that it's very helpful when it comes to reading content at night. As you probably know, dark mode has become one of the most requested features for almost every app on both iOS and Android.
    Internet of Things (IoT) Healthcare Market Technological Advancements and Growth 2019

    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.
    Jury Awards $29.4 Million in Talcum-Cancer Trial

    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.
  • Measles outbreak: Wellington schools, early childhood centres warned of risk

    Measles outbreak: Wellington schools, early childhood centres warned of risk

    This also applies if you or a family member aren't fully immunised and may have been in contact with someone with measles . And the second dose of the vaccine is for that small percentage who do not gain immunity from that first vaccine", he said.
    CT  high court: Gunmaker Remington may be sued for Sandy Hook shooting

    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.
    Toyota Announced a $13 Billion Investment in the U.S.

    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.


Most liked

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.

Police detain 10 teenagers in India for playing banned video game
It's worth noting that the Police Commissioner Manoj Agrawal banned the game on March 6th in an official notification. The notification said that the ban would be in force from March 14 till the midnight of March 28.

Trump warns Taoiseach of European Union tariff war
The Irish leader aims to use the meeting to reaffirm the historical ties between Ireland and the United States. The US president also elaborated on the relationship that he's developing with Varadkar.

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.

Video Surfaces Of Conor McGregor's Phone Smashing Incident
He has since been released on a $12,500 bond, and he will return to court for an arraignment on April 10. Police say that McGregor slapped the phone out of Abdirzak's hand and then stomped on it several times.

Hamilton given women's tournament as World Sevens series expands
Hamilton has hosted two hugely successful HSBC World Rugby Sevens Series events, in 2018 and 2019, both of which were sell-outs. Dubai and Sydney were the only cities to host both men and women this term.

Beto O'Rourke's presidential ambitions get reality check from Ellen K.
When the Des Moines Register/CNN/Mediacom poll was first run in December, O'Rourke placed third, the top choice of 11 percent.

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.

PSG star in hot water for furious outburst after Manchester United defeat
PSG's next fixture is against Marseille in Ligue 1 on Sunday before a clash against Toulouse on March 31 following the worldwide break.

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.

Players Championship: Tommy Fleetwood says softer grass will allow aggressive play
On the other hand, Jordan Spieth having only played this tournament in March said that he personally likes the grass type better. It's easy to feel good about Molinari, who is coming off of an impressive win at last week's Arnold Palmer Invitational .

Wide receiver Maurice Harris reportedly signed by New England
According to NFL Network's Ian Rapoport , the New England Patriots have signed Ellington to a one-year contract. His lone touchdown came in Houston's season opener at New England, his best statistical game with the Texans.

Gold falls off $1,300/oz perch on stronger dollar, stocks
The U.S. currency also found support from fresh concerns surrounding trade relations between the world's two biggest economies. Spot gold was up 0.2% at $1,296.08 an ounce as of 4.03am GMT, while USA gold futures rose 0.4% to $1,295.90 an ounce.