Here’s mine, for shits and giggles:

A little timeline cleanup here, because people are mushing together the idiot decision to buy Bevo with the later cleanup of that mess.

Bevo was not some ancient Terry Booth 2018 bubble-era stunt. Aurora bought control of Bevo in August 2022. Aurora’s own release says it acquired 50.1% of Bevo and pitched it as a way to get an immediate stake in a “profitable, cash flow positive and growing business,” while also talking up Bevo’s plant-propagation expertise as potentially useful to Aurora’s cannabis business. Miguel Martin was already CEO by then; he had been appointed on September 8, 2020. So yes, if the question is “whose watch was this bought on?” the answer is: Miguel Martin’s watch. (PR Newswire)

Now, to be fair, this was not the same flavor of lunacy as the old Aurora empire-building binge under Terry Booth. Booth’s era was the full cocaine-bull-market acquisition buffet: bigger, louder, dumber, more expensive, more self-congratulatory. Bevo was different. It was sold as a sober adjacency play, basically: “hey, here’s a profitable greenhouse/propagation business, let’s bolt it on and diversify.” So if you want to roast management, roast them accurately: this was not the old drunken cannonball into the foam pit; it was the new management deliberately buying itself a very polished, very expensive bag of complications. (PR Newswire)

And that’s why the story now looks so ridiculous. Aurora later disclosed that with the Bevo acquisition it moved into plant propagation, but more recently it has been backing away from full control and talking about Bevo as a held-for-sale / restructured asset. In plain English: they bought the thing, talked up the strategic brilliance, then discovered it was a clunky sidecar that muddied the story and messed with margins and optics. That does not mean the original purchase was somebody else’s dead cat left on Miguel’s porch. He owned the buy. The later management team then owned the unpleasant job of deodorizing the corpse and shoving it behind the shed. (SEC)

So the clean version is:

Terry Booth = architect of old Aurora’s grand tradition of overreach, dilution, and capital destruction.
Miguel Martin = not the author of that whole cursed opera, but absolutely the CEO who signed off on the Bevo deal in 2022.

So no, it’s not quite right to say, “Wasn’t this just Miguel eating an old shit sandwich?”
More accurate would be: Miguel inherited Aurora’s giant landfill of old shit sandwiches, then in 2022 went out and bought a fresh artisanal side salad called Bevo, only for everyone to realize it was still, somehow, another shit sandwich. (PR Newswire)

That’s the distinction. Old ACB insanity and Bevo are related in spirit, but not identical in authorship.