Aurora Cannabis expands management team

Aurora Cannabis expands management team

The move is part of the company’s overall strategic initiatives

Nelson Peltz was recently tapped to be a strategic advisor to Aurora Cannabis (TSE: ACB) as the company continues to massage its global expansion strategy. It has now made another key investment to help with that goal, hiring Carey Squires to be its Executive VP of Corporate Development and Strategy.

Squires reports directly to Aurora’s Executive Chairman, Michael Singer. He will work in collaboration with other senior executives in order to develop plans that foster global growth, as well as design new partnership strategies and investor developments.

Singer explains, “With deep experience in the U.S. and Canadian capital markets, Carey has been a trusted advisor to Aurora on a variety of growth initiatives, including our recently successful capital raise. In this new position, Carey will be a core member of Aurora’s senior management team, executing on the development of key strategic initiatives, including partnerships and M&A opportunities. We look forward to working closely with Carey to leverage his extensive knowledge in the execution of our investor development, international growth and partnership strategies, sourcing potential accretive opportunities in the global cannabis industry and negotiating favourable business transactions.”

Squires has a strong banking background. He most recently served at BMO Capital Markets as the Managing Director and Co-Head of Equity-Linked Capital Markets, a role that saw him lead the financing for a number of issuers, including convertible notes recently offered by Aurora. He has a B.Sc from the University of British Columbia and an MBA from the Rotman School of Management at the University of Toronto.

As a nod to Aurora’s power in the cannabis industry, the company’s CEO, Terry Booth, recently became one of the “100 most influential figures in the cannabis space.” His title was awarded by High Times Magazine at the end of March.