LAS VEGAS, Nov, 19, 2018 /CNW/ – Australis Capital Inc. (“Australis” or the “Company”) (CSE: AUSA), is pleased to announce that further to its news release of October 3, 2018, the Company has completed the purchase of 15% of the outstanding common shares (the “Shares”) in the capital of Wagner Dimas Inc. from certain subsidiaries of CannaRoyalty Corp. d/b/a Origin House (“Origin House”).
In payment for the Shares, the Company made a cash payment of CAD $1,500,000 and issued 748,916 units (“Units”) to Origin House on the same terms as the units offered in the Company’s private placement which was completed on October 25, 2018, with each Unit consisting of one common share and one-half common share purchase warrant of Australis.
About Australis Capital Inc.
Australis Capital identifies and invests in the cannabis industry predominately in the United States, a highly regulated, fragmented, rapidly expanding and evolving industry. Investments may include and are not limited to equity, debt or other securities of both public and private companies, financings in exchange for royalties or other distribution streams, and control stake acquisitions. Australis Capital adheres to stringent investment criteria and will focus on significant near and mid-term high-quality opportunities with strong return potentials while maintaining a steadfast commitment to governance and community. Australis Capital’s Board, Management and Advisory Committee members have material experience with, and knowledge of, the cannabis space in the U.S., extensive backgrounds in highly regulated industries, adherence to stringent regulatory compliance, public company and operational expertise. In addition to the Company’s expertise and strong execution on strategic M&A, which to date includes Body and Mind Inc. and Rthm Technologies Inc., Australis has developed strategic partnerships with companies such as Wagner Dimas. Australis’ Common shares trade on the CSE under the symbol “AUSA”.