Canopy Co-CEO Ousted From Cannabis Company He Founded

The cannabis CEO said he’s been canned. Bruce Linton, who founded Canadian cannabis company Canopy Growth Corp., stepped down as co-CEO, the company said Wednesday. Founded in 2013, Canopy has grown into the largest cannabis company on the public market (with a value of $14 billion) under Linton’s leadership. Canopy said in a press release […]

Aurora Cannabis Surges 14% as Activist Investor Nelson Peltz Joins as Strategic Advisor

Aurora Cannabis’ stock surged nearly 14% Wednesday after the company said that Nelson Peltz, a billionaire activist investor and a founding partner of hedge-fund Trian Fund Management, would become a strategic investor and advisor at the company. Aurora said it granted Peltz options to purchase 19.96 million common Aurora shares at a price of 10.34 […]