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Aurora increases executive compensation after layoffs, $3.3 billion in losses
EDMONTON – Aurora Cannabis Inc. handed out millions in compensation and salary increases to executives as the company was laying off at least 1,000 workers and reporting billions in losses.
The Edmonton-based cannabis company’s proxy circular released this week shows former chief executive Terry Booth was rewarded with $4.8 million in compensation in the company’s latest fiscal year, up from $2.4 million in the year prior.
Executive chairman and former interim chief executive Michael Singer earned about $2.8 million during the same period, up from his previous $2.1 million.