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Aurora Cannabis Shares Jump After U.S. Billionaire Peltz Named as Advisor

Aurora Cannabis Shares Jump After U.S. Billionaire Peltz Named as Advisor

Aurora Cannabis has granted Peltz options to purchase nearly 20 million common shares at $10.34 per share.

Aurora Cannabis shares saw an uptick following news that it has appointed U.S. billionaire Nelson Peltz as a strategic adviser and given him the option to buy a stake in the company.

The Edmonton-based cannabis company says it has granted Peltz options to purchase nearly 20 million common shares at $10.34 per share, slightly below Tuesday’s closing price.

The shares were up roughly 10 per cent in late morning trading, rising to $11.67 — up from Tuesday’s close of $10.64. The stock had been as high as $12.33 in earlier trading.

– Read the entire article at CBC News.

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