RE: Nelson Peltz22 Mar 2019 15:50
Jefferies has a buy rating on Aurora stock and a $12 price target, equal to about 13% above its priors-session closing price.
Michael Cammarata, founder of Random Occurrence, a venture capital and private-equity firm, and CEO of Unilever’s UL, -0.87% UNA, -0.41% Schmidt’s Naturals, agreed.
“What I’m looking at in a cannabis play is who will win the first mainstream brand,” he said. “There’s been a lot of focus on extraction, or farming or the licenses and international markets, but not really on building a brand. I think Peltz will also push them to focus on margins.”
Peltz will be granted options to purchase 19.9 million common shares in the company at C$10.34 ($7.74) a share. The options will vest over a four-year period on a quarterly basis, and the vesting may accelerate if the company meet certain goals, including the consummation of certain defined transactions and the share price being at least at C$31.02 and C$41.36 for a specified number of trading days.