Canadian marijuana producer Aurora Cannabis (ACB) - Get Report on Thursday announced the appointment of Carey Squires as executive vice president of corporate development and strategy.

Tapping his past investment banking experience, Squires will focus on global growth and partnership strategies.

Squires most recently served as a managing director and co-head of equity-linked capital markets for BMO Capital Markets, where he led Aurora's most recent convertible debt offering.

"With deep experience in the U.S. and Canadian capital markets, Carey has been a trusted advisor to Aurora on a variety of growth initiatives, including our recently successful capital raise," Aurora CEO Michael Singer said in a statement, noting Squires will focus on developing "key strategic initiatives, including partnerships and M&A opportunities."

Shares of Aurora lit up last month after the company announced an advisory partnership with activist investor Nelson Peltz. Analysts lauded the move as a strong sign that the world's second most-valuable cannabis company is under solid direction.

The company's stock was little changed on Thursday. it ended the day Wednesday down 13 cents, or 1.43%, at $8.93 on the New York Stock Exchange. The company's shares also trade on the Toronto Stock Exchange under the symbol ACB. 

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