Aurora Cannabis Founder Dumps 12 Million Shares, and Jefferies Is Not Amused [Yahoo! Finance News]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Yahoo! Finance News
Terry Booth, the founder and one-time CEO of Aurora Cannabis ACB Owen Bennett You don't say! As Aurora announced in a press release Monday, "Terry Booth has filed a report on the System for Electronic Disclosure by Insiders SEDI) regarding his sale of approximately 12,161,900 shares into the open market ... in connection with the previously announced transition of Mr. Booth's role within the Company." The transition in question being, of course, Booth's resignation as CEO announced last month. Why is Booth selling now? One might imagine that, because Booth is leaving the company, he'd want to cut ties with Aurora entirely, and is therefore selling off his stake in order to make as clean a cut as possible. But as Bennett points out, Booth "remains in a strategic advisor role" at the company. He has not in fact cut ties entirely. Moreover, as an important advisor to Aurora Cannabis, he presumably has a good insider's vantage point to how things are going within Aurora, and what the com
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ACB
News
- Aurora Marks First Shipment of Medical Cannabis to the New Zealand Market [Yahoo! Finance]Yahoo! Finance
- Aurora Marks First Shipment of Medical Cannabis to the New Zealand MarketPR Newswire
- Aurora Cannabis (ACB) Moves 46.0% Higher: Will This Strength Last? [Yahoo! Finance]Yahoo! Finance
- Canadian cannabis stocks spike as U.S. reportedly set to reclassify marijuana [MoneySense]MoneySense
- MSOS: Best Play On U.S. Cannabis Regulations [Seeking Alpha]Seeking Alpha
ACB
Sec Filings
- 5/1/24 - Form 6-K
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- ACB's page on the SEC website