Australis Capital, an investment group that spun off from Canada’s Aurora Cannabis, announced the departure of Chief Financial Officer Michael Carlotti.
In a brief news release issued after market close on Jan. 17, Las Vegas-based Australis said Carlotti’s employment had been “terminated” effective Jan. 16.
The company gave no explanation for the move.
Alex Han will serve as CFO on an interim basis.
Aurora’s spinoff of then-subsidiary Australis Capital took place in 2018.
Alberta-based Aurora maintains no direct ownership in Australis but holds warrants that would allow it to acquire an ownership interest if investments in U.S. cannabis assets become permissible within 10 years.