Feb 10, 2020
Aurora Cannabis Announces its CEO's Departure, Massive Writedowns and Sweeping Layoffs, ACB Stock Collapses Ahead of Q2 Earnings
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Aurora Cannabis Announces its CEO's Departure, Massive Writedowns and Sweeping Layoffs, ACB Stock Collapses Ahead of Q2 Earnings
Aurora Cannabis Gets Smoked as CEO Resigns, 500 Jobs Are Cut
Aurora Cannabis Gets Smoked as CEO Resigns, 500 Jobs Are Cut
Shares of marijuana producer Aurora Cannabis plunge after announcing a major restructuring that involves laying off hundreds of staff and the resignation of its CEO.
Shares of marijuana producer Aurora Cannabis (ACB) – Get Report plunged on Friday after the Canadian company announced a dramatic restructuring that involves the departure of hundreds of staffers, including its CEO.
Aurora Cannabis…
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#4 Terry Booth, Founder & CEO at Aurora Cannabis
Corporate Bio
Terry Booth is the Founder and CEO of Aurora Cannabis (TSXV-ACB), a producer of medical cannabis and cannabis oils under license from Health Canada. Based in Mountain View County, Alberta, with a 55,200 square foot purpose-built production facility, Aurora is one of the largest and fastest-growing Licensed Producers in Canada. The company is currently constructing “Aurora Sky”, a new highly advanced and automated 800,000 square foot production facility located at Edmonton International Airport. At full production, Aurora Sky will be the highest capacity cannabis production facility in the world, capable of producing in excess of 100,000 kg of high quality cannabis per year. The company has also acquired a third 40,000 square foot production facility in Pointe-Claire, Quebec. Aurora trades on the TSX Venture Exchange under the symbol “ACB”, and has a recent market capitalization exceeding $850 million.
Terry founded Aurora in 2013 when the Canadian federal government created a new regulatory regime for the establishment of a national medical cannabis system. Investing $2.5 million of his own capital in start-up funding, he secured a 160 acre parcel of land in the foothills of the Rocky Mountains, and designed and built what is now widely recognized as one of the most advanced and efficient cannabis production facilities in the world. Terry has assembled a diverse and highly skilled team of experts from a broad range of disciplines to execute on the company’s business strategy and vision to build the world’s foremost cannabis company.
An entrepreneur and Alberta business leader, Terry has served as President/CEO of six other highly successful businesses, one of which, Superior Safety Codes Inc, has received an award as one of Canada’s top 50 fastest-growing companies.
Terry is a strong supporter of many charitable organizations dedicated to ending family violence and violence against women, including the “Walk a Mile in Her Shoes” campaign. He also regularly participates in reading programs for first grade students.
Terry has four children and two grandchildren, and lives in Edmonton with his wife and youngest son. He coaches youth soccer and enjoys golfing and running.
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TGOD and Aurora Cannabis Extend Agreement
TGOD and Aurora Cannabis Extend Agreement
PRESS RELEASE
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”)(TSX:TGOD)(US:TGODF) announces it has agreed with Aurora Cannabis Inc. (“Aurora”) (TSX:ACB) to extend Aurora’s exercise deadline of its first milestone option (the “Milestone Option”) under the TGOD Aurora Investor Rights Agreement by 6 weeks to October 12, 2018. The first Milestone Option entitles Aurora to acquire…
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