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Aurora Cannabis president Steve Dobler to step down

WATCH ABOVE: (Feb. 6, 2020) Aurora Cannabis revealed on Thursday that its CEO is stepping aside and hundreds of jobs are being eliminated as the cannabis firm goes through a restructuring process. Quinn Ohler has details – Feb 7, 2020

Aurora Cannabis Inc. says co-founder Steve Dobler will retire as president and as a director of the company at the end of the month.

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Dobler has held the roles at the cannabis company since December 2014.

With the retirement of Dobler, the board will have nine directors.

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The move follows the departure of founder Terry Booth, who stepped down as chief executive earlier this year.

Aurora announced in February that it was taking $1 billion in writedowns and would lay off 500 employees as part of a shakeup to its spending plans.

In May, the company announced it was entering the U.S. market with the acquisition of hemp-based cannabidiol company Reliva LLC.

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