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Audacious accelerating its multi-market entry strategy, its says in corporate update

Published: 09:17 26 Jan 2022 EST

Australis Capital Inc -
Audacious said it had reached a final settlement with a former executive who departed in November 2020, issuing 3.75 million common shares and warrants to the individual

Australis Capital Inc (CSE:AUSA, OTCQB:AUSAF) (dba Audacious) has provided investors with an update on its activities heading into the new year.

"We are executing both within the US and internationally, rapidly expanding our footprint, brand recognition and product offerings, while developing new revenue generating opportunities," CEO Terry Booth said in a statement.

Booth expanded on the firm’s international plans, highlighting Thailand’s move to drop cannabis from the Health Ministry's list of controlled drugs.

READ: Audacious completes transaction to acquire Lo͞oS as it expands across California

“(We) are exceptionally well positioned to drive growth through our partner Golden Triangle Health (GTH) and its parent company NR Instant Product (NRF),” Booth told shareholders.

"In the US our cannabis brands LOOS, Provisions and others continue to meet with strong consumer demand in Nevada and California. Audacious is highly visible through our National partnership with PBR, with whom we are close to launching our Wreck Relief products through our online store. We are also in conversations with box store and pharmacy chains throughout North America."

Audacious outlined several other initiatives it is working on, from an “accelerating” multi-market entry strategy to its domestic plans. The company also said its Mr Natural product launch in Nevada is “imminent.”

In addition, Audacious said it had reached a final settlement with a former executive who departed in November 2020, issuing 3.75 million common shares and warrants to the individual.

"We have now materially dealt with all legacy issues and are fully focused on the road forward,” Booth said.

“With a really strong foundation of people, brands, assets and partnerships, and so many opportunities to drive growth, we are exceptionally well positioned to continue on the road we mapped out when we took over and generate very substantial value for our shareholders."

The full corporate update is available here.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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