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Australis Capital upgraded to trade on OTCQX Best Market

The Las Vegas-based cannabis company was upgraded from the OTCQB Venture Market

Australis Capital Inc - Australis Capital Inc of Las Vegas upgraded to trade on the OTCQX Best Market in New York
The company, spun off from Aurora Cannabis, has nine assets in the cannabis industry

Australis Capital Inc (CSE:AUSA) (OTCMKTS:AUSAF) has qualified to trade on the OTCQX Best Market, the OTC Markets Group (OTCMKTS:OTCM) announced Wednesday. 

The Las Vegas-based cannabis company was upgraded from the OTCQB Venture Market and began trading Wednesday on the new platform, according to a statement.

"We are pleased to welcome Australis Capital Inc. to the OTCQX Best Market," said Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group. "Upgrading to OTCQX from the OTCQB Venture Market enables companies to build visibility and liquidity by providing a transparent trading market for their share.”

READ: Australis Capital beefs up management team with new VP of investor relations and strategy position

With the upgrade, Australis now joins more than 400 established, investor-focused US and international companies.

"OTCQX companies must meet the highest financial standards, follow best practice corporate governance and demonstrate compliance with US securities laws," said Michael Carlotti, CFO of Australis.

The company, spun off from Aurora Cannabis Inc (NYSE:ACB) last year, has nine assets in the cannabis industry, four of which are wholly-owned. This includes brands such as Body & Mind, Mr. Natural and Green Therapeutics.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

 

Quick facts: Australis Capital Inc

Price: 0.58 CAD

CSE:AUSA
Market: CSE
Market Cap: $91.74 m
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