Australis Capital Inc. AUSA AUSAF has entered into a credit facility with Lola Ventures, an entity controlled by company CEO Terry Booth.
The facility will make up to $2.5 million available to the company, earmarked for general working capital purposes, including fueling AUDACIOUS' growth initiatives.
"We have built an exceptional foundation with unique assets in New York State, New Jersey, Nevada, California and Thailand, and this credit facility signifies my strong confidence in our execution on the AUDACIOUS go forward plan," stated Terry Booth, CEO. "The funds will enable us to inject cash into initiatives that will fuel revenue growth directly, and I look forward to informing the market regularly on our achievements."
About AUDACIOUS
AUDACIOUS is a multi-state cannabis operator, with operations that range from providing industry-leading sustainable cultivation design and optimization to retail storefronts, growing flower in-house, and manufacturing brands, AUDACIOUS has products and solutions for everyone.
Photo by Mackenzie Marco on Unsplash
Related News
Cannabis Entrepreneur And Rapper Berner Enters His 'Cookies' Brand To The Thailand Marijuana Market
Cannabis Movers & Shakers: Halo Collective, Bright Green Corp, Australis Capital & Flora Growth
AUDACIOUS Commences Cannabis Facility Construction In New York
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.