' chief corporate officer, sat down for an interview at Business Insider's Manhattan headquarters following Aurora's earnings on Wednesday.
The unique arrangement with Peltz — a hedge fund legend who's worth a cool $1.6 billion — came about over a dinner in New York City. "It's really important because some people ask us, 'oh, he's an activist investor, is he trying to take over the company?'" said Battley."No, his involvement is very different because this is not a mature industry where there's stuff broken that needs to be fixed."
For one, Aurora's value is increasing every quarter, said Battley, so it would be the most beneficial to shareholders to pump the breaks on giving up control over a large chunk of the company.
"What Canopy did with Acreage has shown that's another option on the table for the biggest cannabis companies," said Battley, though he declined to say whether or not Aurora has been in discussions with any US companies.