19:49:43 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,168,189,723
Close 2020-02-06 C$ 2.665
Market Cap C$ 3,113,225,612
Recent Sedar Documents

Aurora Cannabis appoints Friedmann, Detlefsen directors

2020-02-06 16:49 ET - News Release

Ms. Michelle Lefler reports

AURORA CANNABIS ANNOUNCES APPOINTMENT OF TWO NEW INDEPENDENT DIRECTORS

Aurora Cannabis Inc. has appointed two new independent directors, Lance Friedmann and Michael Detlefsen. The new directors term begins immediately.

Executive chairman and interim chief executive officer Michael Singer stated: "We are pleased to welcome Lance Friedmann and Michael Detlefsen as independent members to the board at this critical time in our transformation. We expect to see cannabinoids grow as a category in consumer products, and believe their depth of experience and strong track records of successful brand development and operational business transformation will provide helpful insights to our executive team. With the addition of Messrs. Friedmann and Detlefsen, Aurora has expanded its board, independent directors."

About Mr. Friedmann

Over Mr. Friedmann's 25-year experience with Kraft Foods and Mondelez International Inc., he held a number of roles of progressing scope and responsibility focused on marketing, strategy, and customer insights across the United States, Latin America and Asia. His experience includes senior management of Kraft Foods' marketing-related and corporate marketing programs for Canada, Mexico and Puerto Rico, and health and wellness. Notably, he played a critical role in the launch of the Sensible Solutions product line and subsequently led Mondelez's $12-billion global biscuits category, including Oreo, the world's No. 1 biscuit brand.

About Mr. Detlefsen

Mr. Detlefsen is currently the managing director of Pomegranate Capital Advisors, an active investor advisory firm with holdings in the branded consumer and business-to-business food sectors, agribusiness and financial services. He brings over 30 years as a senior executive and investor in the global consumer products, agrifood, logistics and transportation, and telecom sectors. He has a strong record of developing and executing strategies to accelerate growth, transform operations, improve capital allocation and substantially enhance corporate performance. Mr. Detlefsen currently serves on the boards of SunOpta and Phoenix Canada Oil Co., and is the executive chair of Elevation Brands, a privately held consumer products company focused on gluten-free and allergen-friendly foods. He is also a governor of the Royal Ontario Museum, Canada's largest museum of natural history and world cultures. Mr. Detlefsen previously served on the boards of State Street and Multi-Marques in Canada, and CWC Communications PLC in the United Kingdom.

CEO retirement and succession and business transformation plan

Aurora also announced today, in a separate announcement, a CEO retirement and succession and business transformation plan to better align fixed costs and capital expenditures with current market conditions. These combined changes will significantly accelerate Aurora's path to cash flow break-even while still maintaining the company's ability to capitalize on the long-term, global cannabinoids market opportunity. Aurora will host a conference call today at 5 p.m. Eastern Time to discuss these business updates.

CEO succession and business transformation plan conference call

Date:  today, Thursday, Feb. 6, 2020

Time:  5 p.m. Eastern Time, 3 p.m. Mountain Time

Replay:  844-512-2921 or 412-317-6671

Pin No.:  13698974

Available until 11:59 p.m. Eastern Time on Thursday, Feb. 20, 2020.

About Aurora Cannabis Inc.

Headquartered in Edmonton, Alta., with sales and operations in 25 countries across five continents, Aurora is one of the world's largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, wholesale, and retail distribution.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.