Aurora Cannabis has granted Peltz options to purchase nearly 20 million common shares at $10.34 per share.

Aurora Cannabis shares saw an uptick following news that it has appointed U.S. billionaire Nelson Peltz as a strategic adviser and given him the option to buy a stake in the company.

The Edmonton-based cannabis company says it has granted Peltz options to purchase nearly 20 million common shares at $10.34 per share, slightly below Tuesday’s closing price.

The shares were up roughly 10 per cent in late morning trading, rising to $11.67 — up from Tuesday’s close of $10.64. The stock had been as high as $12.33 in earlier trading.

– Read the entire article at CBC News.

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