March 13, 2019 / 11:25 AM / a year ago

BUZZ-Aurora Cannabis: Jumps after signing up Nelson Peltz as strategic advisor

** Aurora Cannabis US-listed shares jump 8.3 pct to $8.62 in heavy premarket trading premarket

** The cannabis co appoints billionaire investor Nelson Peltz as a strategic advisor to explore potential partnerships to enter “contemplated market segments” and for its global expansion strategy

** Aurora grants Peltz option to buy 19.96 mln ACB shares at a C$10.34 apiece; ACB’s TSX-listed shares closed at C$10.64 Tuesday

** Says options will vest ratably over four years on a quarterly basis

** About 1.15 mln ACB shares traded so far (vs. 25-day moving avg of 28.6 mln), making them the most active stock before the bell

** Peers also gaining: Aphria up 2.3 pct; Tilray up 1.7 pct; Cronos and Canopy Growth rising about 1 pct

** ACB shares have jumped ~60.5 pct YTD, but trail APHA’s 68.5 pct rise, CGC’s ~74 pct surge, while CRON has doubled; TLRY has eked out a 2.3 pct gain (Reporting by Savio D’Souza)

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