It's Who Puts Money in Cannabis Companies That Matters: Jim Cramer
Jim Cramer says that, while Real Money Stock of the Day Aurora Cannabis bringing on Nelson Peltz as an adviser is the right move, typically it's who puts money into the cannabis company that matters.
Although, Aurora's appointment of Peltz certainly doesn't hurt.
Peltz will advise the group on its global acquisition strategy and potential business partnership, Aurora Cannabis said.
"Nelson is a globally recognized business visionary with a strong track record of constructive engagement to generate accelerated, profitable growth and shareholder value across many industry verticals that are of great interest to us," said CEO Terry Booth.
"Like us, Nelson also takes a long-term view of value creation to benefit all stakeholders.
We look forward to working with Nelson to further extend our global cannabis industry leadership by aligning Aurora with each of the major market segments cannabis is set to impact." Related.
Aurora Cannabis Stock Burns Higher After Adding Billionaire Advisor Peltz Will I Have Enough Money to Retire?
Want to learn about retirement planning from some of the nation's top experts?
Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium.
For a limited time, tickets are available for $99 for this full-day event.
Check out the agenda, learn about the speakers and sign up here.