Changes in leadership are abound in the cannabis industry this month, this time for giant Aurora Cannabis.
Terry Booth, a co-founder of the Canada-based cannabis giant, has stepped down from the Board of Directors effective June 26, according to a press release.
"On behalf of our Board of Directors and management team, I would like to thank Terry for his leadership over the years and for his tenure as a director," Michael Singer, Executive Chairman and Interim CEO of Aurora said in the press release published on Yahoo Finance.
“As one of the original cannabis visionaries, Terry leaves an enviable legacy in the form of Aurora Cannabis. He helped set the table for the Company to lead in Canada and globally, and we continue to execute our plan to do so profitably,” Singer continued.
Booth stepped down as CEO of the company in February, according to MJ Biz Daily.
The publication also reported Aurora recorded a net loss of $137 million in its most recent quarter.
Booth’s departure comes in the wake of the departure of MedMen’s cofounders who have also recently resigned from the board.
Aurora Cannabis Co-Founder is Out
Terry Booth is Out of Aurora Cannabis
By Aubry BraccoJun 29, 2020
Aubry Bracco
A seasoned small town journalist and digital marketer originally from New Hampshire, Aubry has an eclectic background in storytelling - from small town journalism (she once went undercover with the Salem, Mass. police on Halloween night) to social media marketing for big brands like Visa, the NFL, Liberty Mutual and scrappy start-ups like "Shark Tank's" Cousins Maine Lobster. She's appeared on CBS's longest running reality television show, SURVIVOR three times and will now respectfully decline any offers of coconut or coconut-infused food or drink offered to her. Currently the VP of Social Media and Digital Marketing at Wise Public Relations, Aubry loves finding those stories small moments of humanity that connect people, encourage them to stop, listen and find common ground in the chaos that is the digital jungle. When she’s not crafting social posts or writing, Aubry enjoys taking care of her cavalry of houseplants, studying intuitive healing and astrology, exploring National Parks.
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