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Australis Capital Inc. (OTCMKTS: AUSAF) Signs Binding Agreement To Acquire LOOS

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Australis Capital Inc. (OTCMKTS: AUSAF), which operates as Audacious, has entered a binding term agreement to purchase all outstanding and issued shares of Gary maverick Inc. which operates under the name LOOS. LOOS is a Santa Cruz, California-based CVBD infused shot beverage operator. 

Audacious to acquire LOOS as it targets CBD infused beverages segment 

With the acquisition, audacious will be adding an exceptional product line and brand to its portfolio at a cannabis savvy target market, cutting across various demographics to reach experienced and canna-curious consumers. Most importantly, the LOOS team will bring more than a decade of combined cannabis experience with brands such s Flow Kana, Loudpack, Plus Products, and 710 Labs. 

After closing the deal, LOOS founders will be part of the Audacious sales team reporting to COO Duke Fu. The business development team reports to Leah Bailey, the chief business development officer. Anthony Bendana will be the Audacious VP of West Coast sales. 

Bailey said, “With LOOS we are adding a fresh and exciting brand and consumer segment with compelling products that offer a unique user experience. Furthermore, with Ben and Anthony, we are adding two aggressive, highly successful and commercially savvy people to our team, which will help us to build new distribution networks for all Audacious brands and product lines. The deal is structured to ensure full alignment with AUSA shareholder interests, and we anticipate the LOOS transaction to become accretive rapidly.”

Audacious keen on expanding in the California market 

Audacious CEO Terry Booth said that the transaction signals the company’s intended entry into the CBD-infused beverage market, which industry experts say will be one of the most critical categories in the cannabis sector. He said that the acquisition of LOOS and its team gives Audacious a head start and adds a revenue-generating product line to its portfolio. In addition, Booth said that other transactions in California are progressing well. 

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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CLS Holdings USA Inc. (OTCMKTS: CLSH) Announces 63.1% YoY Net revenue Increase for its Nevada Subsidiaries

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CLS Holdings USA Inc. (OTCMKTS: CLSH) has announced operational and financial results for June 2021 for its wholly-owned subsidiaries in Nevada, where net revenue was $1.8 million with a gross margin of 56.2%. In addition, the results indicated 8.9% gross margin increases and 63.1% revenue increase YoY.

Oasis Cannabis reported 48.9% revenue growth in June. 

Oasis Cannabis, a retail subsidiary, reported a 48.9% monthly revenue increase YoY and a 36% increase in processed transactions. The branded wholesale unit, City Trees, reported a 110.7% monthly increase in YoY net revenue. The combined monthly net revenue from both units was up 63.1% YoY. Although the market is extremely competitive, the company’s performance has exceeded Nevada’s average. 

The exceptional results are a high number of local Oasis customers estimated to be around 80%, with only 20% attributed to tourists. Most importantly, there was a 10% increase in tourist numbers visiting dispensaries compared to a year ago. 

Andrew Glashow, CLS COO & President, said, “This first month of our fiscal year was full of incredible opportunities for our company’s growth. Oasis is buzzing with consistent local and tourist traffic, and our City Trees brand has maintained huge year-over-year sales increases each month for the last year. We’re optimistic that our successes with City Trees and Oasis will enable us to grow our portfolio of brands significantly over the coming months.”

Sasha Palatnikov endorsed CLS 

CLS announced through the City brand a limited endorsement of Sasha Palatnikov, UFC welterweight fighter, following the organization’s easing of restrictions in the use of cannabis for fighters. The Nevada State Athletic Commission bolstered the endorsement following its decision to stop restrictions on marijuana use by UFC fighters. In addition, the market interest is growing for the City Trees brand and CLS’ toll processing capabilities of its North Las Vegas extraction facility. As a result, the company is charting a path for future growth and business strategy execution. 

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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SLANG Worldwide Inc. (OTCMKTS: SLGWF) Partners with Snowcrest to Bring District Edibles and O.pen to Washington

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SLANG Worldwide Inc. (OTCMKTS: SLGWF) has announced the launch of two of its top-selling brands, District Edibles, and O.pen, in Washington State through a strategic alliance with Vancouver, WA-based grower and processor Snowcrest LLC. 

SLANG brings its bestselling cannabis products to Washington

O.pen is among the bestselling vape brands in American, and customers in Washington can now access the product. In addition, district Edibles will launch in the state from August, and this will enhance SLANG’s product offering in Washington. Most importantly, the strategic collaborating with Snowcrest will facilitate the production of SLANG brands in a vertically integrated facility.

CEO of SLANG Chris Driessen said, “Washington is one of the largest cannabis markets in the United States and we are excited to launch our first products for the adult-use market. This strategic partnership enables us to increase our Gross Merchandise Value metric and expand our retail distribution network through a well-respected, vertically integrated operator with an established track record of success.”

Snowcrest to produce SLANG Branded products 

As per the previously announced collaboration, Snowcrest will produce SLANG branded products. On the other hand, SLANG sales and marketing team will be responsible for the distribution of the products to dispensaries state-wide. The deal follows a royalty-based payment structure. Also, Dolce Foglia LLC, a full-service flavor house that caters to the food and beverage sectors, collaborates with Snowcrest to offer premium flavors in various edible products. 

Snowcrest LLC owner Ryan Fabian, “We are thrilled about the strategic alliance with SLANG Worldwide for the Washington State cannabis market. The widely respected brands by SLANG, along with both teams’ shared core values and vision of growth are a perfect fit. We proudly manufacture the highest quality flower, vape and edibles for distribution throughout the State of Washington. We look forward to years of successful growth together with the dynamic team and product brands of SLANG Worldwide.”

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Auxly Cannabis Group Inc. (OTCMKTS: CBWTF) Implements Amendments to Imperial Brands $123 Million Convertible Debenture to Strengthen its Financial Position

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As the cannabis industry continues to evolve, there is an unwavering commitment to craft and relentless pursuit of bringing the best cannabis products to the market. Through an experienced team of industry first-movers and enterprising visionaries, Auxly Cannabis Group Inc. (OTCMKTS: CBWTF) is developing an infrastructure to expand its global market. The company’s focus is on providing high-quality cannabis products to the wellness and adult-use markets. 

In the recent past, the leading Canadian cannabis company has accomplished several milestones. For example, it has implemented amendments to specific provisions of its previously issued $123 million debenture and investor rights agreement. This was done with the company’s strategic partner, Imperial Brands PLC, having observed the terms of the previously announced amending agreement dated April 19, 2021. 

In another milestone, the company says that at the cost of $6 million, it has completed the sale of its interest in 2368523 Ontario Limited (d/b/a Curative Cannabis). The company acquired all the shares and assets of Curative Cannabis substantially from the private purchaser. A cannabis cultivation facility located in Chatham-Kent, Ontario, and has remained non-operational for a while is one of the many assets. 

Deployment of New Strategies to Strengthen its Financial Position

Auxly has secured a diversified supply of raw cannabis, operating, and strong clinical and scientific capabilities, some of the many strategies to back up its financial position. Meanwhile, the company introduces new products responsive to the consumers’ needs while fighting through its entry into the dried flower segment. 

“Through a focused strategy built on deep consumer insights and executional excellence we are proud to continue to grow our market share… including a more robust line-up of… pre-roll offerings under our Back Forty and Kolab brands.” Hugo Alves, CEO of Auxly, reported

Indeed, after a year and a half of pandemic life, Canadians deserve something special, and there is no better time than this to serve them.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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