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Andrew - Mollytime Aurora Cannabis - ACB Blogs
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Nelson Peltz has left the building

Written By
Mollytime
Sep 28, 2020
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$ACBAurora

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.

And….he’s gone:

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 

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