(Bloomberg) — Aurora Cannabis Inc., struggling with a cash crunch and a slumping stock price, announced the departure of its CEO, the termination of about 500 employees and a significant reduction in its credit facility.Chief Executive Officer Terry Booth, who founded the Canadian pot company in 2013, will retire but will remain a director on the board, the company said Thursday in a statement. He’ll be replaced on an interim basis by Executive Chairman Michael Singer.“I look forward to serving as interim CEO and executing on our short-term plans, which include a rationalization of our cost structure, reduced capital spending …read more
Source:: Yahoo Finance
