Aurora Cannabis (NYSE:ACB) has lost a bit of corporate stardust. Buried in an update about its upcoming annual general meeting, the marijuana grower revealed that billionaire investor Nelson Peltz has resigned as a senior advisor to the company.
The press release included no details nor any specific reasons for his departure. In an email to Marijuana Business Daily, Aurora said without much elaboration that “[t]his change is a direct result of Mr. Peltz’s decision to pursue other commitments.”
Peltz himself has not commented on the resignation.
The veteran investor’s tenure with Aurora did not last long. The company brought him on board to much fanfare in March 2019, in a move that was seen at the time as lending legitimacy to the marijuana sector.
Upon his appointment, Aurora wrote that it and Peltz “will work collaboratively and strategically to explore potential partnerships that would be the optimal strategic fit for