RE:Bla bla bla...MARKET WATCH
Aurora Cannabis Inc. Chief Executive Terry Booth is stepping down and the company is planning a round of layoffs, sources told MarketWatch on Thursday, making the Canadian licensed producer the latest in the sector to move to cut costs to conserve cash and stay afloat.
The stock ACB, -5.60% ACB, -5.16% was halted for the news mid-afternoon after falling 5.6%.
Booth will remain on the board, while Executive Chairman Michael Singer takes on the role of interim CEO, according to the sources. The news comes less than two months after the company announced the departure of Chief Commercial Officer Cam Battley, the man widely viewed as the face of the compan