Why Aurora Cannabis Stock Is Sinking Today
Shares of Aurora Cannabis (NYSE: ACB) had sunk 7.6% lower as of 11:18 a.m. EST on Monday after falling as much as 10.2% earlier in the day. The drop came after Aurora announced the departure of Cam Battley, who had served as the company's chief corporate officer since 2018 and joined Aurora in 2016.
Battley had increasingly become the face of Aurora Cannabis over the last couple of years. During the company's quarterly earnings conference calls, he spoke more about Aurora's strategy and performance than CEO Terry Booth did. Because of his highly visible role and the unexpected timing of his departure, Battley's stepping down rattled investors already concerned about a series of miscues made by Aurora, including one resulting in the recent suspension of its medical cannabis sales in Germany.
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Source Fool.com
