Here’s a summary of the latest company shakeups within the cannabis industry.
Australis Capital Names New CEO
Australis Capital is set to name the former Aurora Cannabis (NYSE: ACB) chief executive Terry Booth its new CEO.
The new appointment is part of the deal, revealed Tuesday, between the Las Vegas company and ALPS, formerly Aurora Larssen Projects – a greenhouse design firm that Aurora obtained in 2017.
Booth stepped down from his previous role as CEO of the Canada-based marijuana giant last year. Simultaneously, the company launched the "business transformation plan."
Since then, Aurora laid off hundreds of employers, while significantly halting its operations to "better align its balance sheet with current market conditions."
Meantime, Australis Capital, which is Aurora's spinoff, disclosed Tuesday it has named Jon Paul to run its financial department.
CanaFarma Hemp Officers Resign
Hemp company CanaFarma Hemp Products Corp. …