Peltz is triple threat of cannabis endorsements

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Aurora Cannabis shares higher after Peltz comes aboard

Peltz will join ACI as a strategic investor and advisor.

Aurora stock spikes following the announcement. Jefferies Financial Group started coverage on shares of Aurora Cannabis in a report on Monday, February 25th.

Aurora said it will work with Peltz to explore potential partnerships for entry into certain market segments, and he will also advise on the cannabis producer's global expansion strategy.

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Aurora said it granted Peltz options to purchase 19.96 million common Aurora shares at a price of 10.34 Canadian dollars a share, or US$7.74 a share. Mr. Peltz was also Chairman and Chief Executive Officer of Triangle Industries, Inc., the largest packaging company in the world and a Fortune 100 industrial company, when that company was acquired by Pechiney, S.A., a leading worldwide metals and packaging company.

Peltz said he believes Aurora has a solid execution track record, is strongly differentiated from its peers, has achieved integration throughout the value chain and is poised to go to the next level across a range of industry verticals. "I also believe that Canadian licensed producers, and Aurora in particular, are well positioned to lead in the development of the global cannabis industry as regulations evolve". Apart from being the CEO of hedge fund Trian Partners, Peltz has long invested in snack food companies such as Heinz, Cadbury, Kraft Foods, Wendy's, Mondelēz, and PepsiCo. Equities research analysts predict that Aurora Cannabis will post -0.17 earnings per share for the current fiscal year. " "The beverage industry, cosmetics, wellness; we see pharmaceuticals now starting to show interest in our space". The analyst almost tripled his price target on the company to CA$15 from CA$5.50. "We believe he could be instrumental in facilitating discussions with large consumer packaged goods companies".

Aurora is based in Edmonton, Alberta and has operations in 24 countries across five continents. The stock increased 12.94% or $1.03 during the last trading session, reaching $8.99. Peltz is an expert investor who takes active investments in companies he views as undervalued.

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Including Wednesday's gains, Aurora's US -listed shares have surged more than 68 percent this year.

The Marijuana Index, which monitors leading North American cannabis stocks was up 0.9% to 291.59. (NYSE:ACB) news were published by: which released: "Tilray Inc (NASDAQ:TLRY), (ACB) - Tilray Acquisition Of Manitoba Harvest Sets Early Pace For 2019 As "Year Of Consolidation" - Benzinga" on February 25, 2019, also with their article: "Aurora Cannabis Should Have Bought This Hemp Company -" published on February 26, 2019, published: "Aurora Cannabis Is Benefiting From Canada's Messy Legalization - Seeking Alpha" on February 25, 2019.

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