Activist investor takes cannabis action

By Jonathan Jackson. Published at Mar 15, 2019, in Features

You may have heard of activist investor Nelson Peltz. The billionaire (worth approximately $1.6 billion) is the founder of investment firm Trian Fund Management, which has more than $11 billion in assets under management.

Trian has a highly concentrated portfolio that includes stakes in Bank of New York Mellon, DuPont and food conglomerate Mondelez International.

If that didn’t make Peltz a busy man, add is his board positions with fast-food chain Wendy’s Co., Proctor & Gamble, food services giant Sysco Corp. and The Madison Square Garden Co.

That’s a wide variety of interests, which Peltz has been criticised for. He has also been accused of being adversarial as Trian push for changes in companies hey have invested in that will increase market value. Clearly, however, the opinions of others don’t matter much to him as the next vertical he chases is something that not long ago, wouldn’t have been a consideration.

Cannabis.

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