Aurora Cannabis (ACB) announced it was going to cut 500 jobs, with 25 percent of them being corporate positions, while taking impairment charges of about $752.79 million. It also announced CEO Terry Booth would be stepping down from his position, with executive chairman Michael Singer taking over leadership of the company until a new CEO is found.In this article we’ll look at what Booth stepping down could mean for the strategy of the company going forward.Long-Term Position on Cash InfusionThe position of Aurora Cannabis for some time has been to resist the idea of getting a huge cash infusion from …read more
Source:: Yahoo Finance
