Aurora Cannabis Inc. announced a dramatic restructuring of the marijuana producer that involves nearly $800 million in goodwill writedowns and the departure of hundreds of staff including its chief executive officer. Aurora’s website boasts of 3,400 employees, which could mean the staff reductions may ensnare about 15 per cent of its workforce. Aurora said executive chairman Michael Singer has been appointed interim CEO and a search for a permanent successor is underway. Sign Up NowAurora is far from the first North American cannabis company to be hit with executive departures this year. TerrAscend Corp., Sundial Growers Inc., Supreme Cannabis Co, MedMen Enterprises Inc. and Flowr Corp. have all seen leadership exits in the last month.

Source: thestar February 06, 2020 22:01 UTC