On Wednesday Aurora Cannabis announced that billionaire investor Nelson Peltz joined as a strategic adviser. Aurora Shares jumped almost 14% on news of the investment. Peltz will “work collaboratively and strategically to explore potential partnerships that would be the optimal strategic fit for successful entry into each of Aurora’s contemplated market segments,” Aurora said in a press release.
The company added that it has granted Peltz options to purchase 19.96 million common Aurora shares at a price of 10.34 Canadian dollars ($7.74). If he exercised the options, he would be the company’s second-largest shareholder.
Aurora is one of the last dominoes to fall. Honestly I am a bit surprised that Diago hasnt made a move but they are historically slow movers. Point is there isnt anything left to buy unless they buy secondary positions in CGC but that wouldn’t compare to constellations ownership.
We talked about this in one of our first blog posts on this site. We hope you made a pile of money on it.