Australis Capital Becomes Audacious Brands

CANNANNEW REPORT

Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) announced that it is changing its name to Audacious Brands.  The company’s ticker symbol will remain AUSA on the CSE and AUSAF on the OTC. The company said it will consolidate its brands under the new Audacious banner and intends to launch additional product lines under the new name. “Audacious as a name for our adult-use operations is a much better reflection of our corporate culture and how we execute and operate,” said Terry Booth, CEO. “Audacious stands for doing things differently, courageously breaking with tradition, being bold, brave and confident. As a Company, we are executing on a unique strategy that is very difficult to emulate, while at the same time de-risking our operations. In an increasingly fragmented market with largely converging strategies, it takes an audacious company to stand out. This is who we are, and this is how we operate. The new name also better reflects our motto to ignite, delight and excite our shareholder base and the customers enjoying our products.” Audacious was originally founded by Steve Dobler and Terry Booth, the founders of Aurora Cannabis. After the completion of a dissident shareholder battle that ended with convincing shareholder approval, Terry Booth, former Aurora CEO, who had to step away from AUSA upon spin off, re-joined AUSA as CEO on March 9, 2021. Missouri Audacious also announced that it has received its license to operate as part of its  Green Therapeutics acquisition. The company said that once the license transfer is complete, Audacious will own 25% of a processing and manufacturing license. The Missouri operations consist of an 8,000 square foot facility for extraction and manufacturing, including a complete solventless extraction line, with an initial capacity to extract approximately 100 lbs per day of raw material. The facility will allow for the…

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