Aurora Cannabis CEO Terry Booth To Retire Amid Company 'Transformation'


Aurora Cannabis Inc. (NYSE: ACB) shares were dropping Thursday following the announcement that co-founder and CEO Terry Booth will retire.

Aurora, an early darling of the cannabis industry, said in a press release that Executive Chairman Michael Singer will become interim CEO.

BNN Bloomberg had reported earlier in the day that the company would cut its workforce by about 10%.

In the statement announcing Booth's retirement, the company also laid out a plan to increase the size of its board, and said it was undertaking a "business transformation plan."

"These combined changes are consistent with, and evidence of Aurora's commitment to, achieving positive EBITDA and cash flow as rapidly as …

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