Arriving with much fanfare at Aurora ($ACB) some 18 months ago, Nelson Peltz is a larger than life ‘CPG’ wizard. His arrival was to help transform $ACB into a sleek consumer-desired destination for all things cannabis….and help build out mainstream appeal.
We’ll probably never know Nelson’s impact at $ACB, nor of how far he got in building out their US strategy. The warrants he took (strike of $10+ with 7 year tenors) will probably evaporate, and whatever has caught his eye has made him move on.
A quiet ending of a relationship that promised so much. As an observation, people like a Peltz aren’t typically the quitting type: except when they can’t do what they committed to do. In this case, I wouldn’t be surprised if it’s that simple.
The preceding is the opinion of the author, and is in no way intended to be a recommendation to buy or sell any security or derivative. The author holds no position in $ACB