Aurora Cannabis Founder Dumps 12 Million Shares, and Jefferies Is Not Amused

Terry Booth, the founder and one-time CEO of Aurora Cannabis (ACB), has just sold 12.2 million shares of the company he once ran — a development, says Jefferies analyst Owen Bennett, that is “not great for sentiment” about the stock.You don’t say!As Aurora announced in a press release Monday, “Terry Booth has filed a report on the System for Electronic Disclosure by Insiders (SEDI) regarding his sale of approximately 12,161,900 shares into the open market … in connection with the previously announced transition of Mr. Booth’s role within the Company.” The transition in question being, of course, Booth’s resignation as …read more

Source:: Yahoo Finance

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