This Billionaire Investor Was Supposed to Save Aurora Cannabis. What Happened?
It would be an understatement to say that Canadian pot producer Aurora Cannabis (NYSE: ACB) is having a tough time. When billionaire Nelson Peltz joined Aurora in 2019, many investors saw him as someone who could create stability and open up opportunities for growth by using his connections to broker a deal with a company in a different industry, much like the arrangement rival Canopy Growth (NYSE: CGC) has partnered with Constellation Brands (NYSE: STZ). Now that he's stepped down, it's hard not to look back on Peltz's time with the company as a disappointment.
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