UPDATE 3-Cannabis maker Aurora picks billionaire investor Peltz as adviser
March 13, 2019 at 12:56 PM EDT
Canada's Aurora Cannabis Inc on Wednesday tapped billionaire Nelson Peltz as a strategic adviser, betting on the consumer industry-focused veteran to help the recreational marijuana maker chart its expansion into new markets. Shares of the company jumped 10 percent after it offered Peltz the role and an option to buy nearly 20 million shares at C$10.34 a share, a small discount on the stock's close of C$10.64 on Tuesday.
