RE:Up In Smoke... Puff, Puff, PassRoaches? Association with stock promoters, lack of relevant experience and despicable shell economics
Aurora founder and CEO Terry Booth is an unlikely marijuana tycoon.
Our first record of Booth's career as a CEO is from a 2007 lawsuit. He was the owner of a company called Alberta Permit Pro that provided outsourced construction permitting for municipalities. The business seemed legitimate, but the lawsuit details a somewhat comical situation where Booth sells the company, but the buyer ends up being someone different than he expected. The buyer purchased the company based on optimistic financial projections that Booth would later claim he had never seen or even knew existed. Booth was supposed to work as a consultant for the business after the sale, but that ended in a cloud of antagonism and turmoil, with the new owner claiming he had been cheated.
Booth's relationship with his new boss was so poor, they couldn't even agree if Booth had been fired or not. When he verified he was in fact fired, Booth then went on to found a competing firm doing essentially the same thing with former employees from Alberta Permit Pro. This of course led to a lawsuit and one very unhappy investor.
Now, you probably are wondering what this has to do with a marijuana business? Well, I wonder the same thing. Terry Booth and Steve Dobler founded Aurora Cannabis, but we couldn't find anything in Booth's background to indicate interest or competency in growing and distributing medical marijuana. No public association or advocacy for legalization. No experience in growing or selling plants. No background in medicine or healthcare. Not even a citation for possession. I bet he can't even roll a solid joint. LOL