The symbol for Aurora Cannabis appears above a trading post on the floor of the New York Stock Exchange as the Canadian company lists on Oct. 23, 2018. Aurora Cannabis Inc. says former chief executive Terry Booth has sold about nearly 12.2 million shares in the company into the open market. The company says the sale is in connection with a restructuring of the company earlier this year that saw Booth retire from the company and the elimination of about 500 jobs. THE CANADIAN PRESS/AP, Richard Drew
March 16, 2020 - 10:24 AM
EDMONTON - Aurora Cannabis Inc. says founder and former chief executive Terry Booth has sold nearly 12.2 million shares in the company into the open market.
The company says the sale is in connection with a restructuring of the company earlier this year that saw the elimination of 500 jobs and Booth's retirement from the company.
Aurora announced Booth's departure from the company in February.
As the succession plan, he became a senior strategic adviser to the board and remained a director.
According to a regulatory filing ahead of the company's annual meeting last year, Booth held 15.2 million shares, nearly 2.2 million options and 305,000 restricted share units at June 30, 2019.
Aurora shares have tumbled over the past year along with the rest of the cannabis sector.
This report by The Canadian Press was first published March 16, 2020.
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News from © The Canadian Press, 2020