Business
Audacious Acquires LOOS, a California Shot Beverage and Edibles Company
Audacious Acquires LOOS, a California Shot Beverage and Edibles Company.
About this update from Australis Capital Inc.
[{"type":"text","content":"\n\n\n\nAudacious Acquires LOOS, a California Shot Beverage and Edibles Company\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nAudacious Acquires LOOS, a California Shot Beverage and Edibles Company\nPR Newswire\nLAS VEGAS, July 14, 2021\n\n\n\nBack-End Loaded Transaction ExpandsAudacious Product Portfolio into THC and CBD Infused Beverage Category\nLoos Management Team Has Highly Successful Track Record in California Edibles Market\nRapid Onset Shots Product Line with Rapidly Growing Pre-Sales in California Market\n LAS VEGAS, July 14, 2021 /PRNewswire/ - Australis Capital Inc., operating as Audacious (CSE: AUSA) (OTC: AUSAF) (\"AUSA\", \"Audacious\", or the \"Company\"), today announced the Company has entered into a binding terms sheet to acquire all of the issued and outstanding shares of Gary Maverick Inc., operating under the brand name LOOS, a cannabinoid infused shot beverage company, based in Santa Cruz, California. \nWith LOOS, Audacious is adding an exciting new brand and product line to its portfolio aimed at a generally cannabis savvy and influential target market, which cuts across numerous demographics and reaches both the cannacurious and more experienced consumers.\n\nLoos' management team brings over a decade of collective experience in cannabis with brands such as Plus Products, 710 Labs, Loudpack, and Flow Kana. Their first product, a 2oz drink (shot) infused with 100mg of THC, is available in three flavors: Orange Crush Sativa, Green Dream Hybrid, and Lavender Indica. Each flavor features a unique terpene profile and is infused with added nutraceuticals for increased functionality. \nThe products are based on a unique nano-emulsion technology platform for rapid onset, are all natural, vegan, gluten free and low sugar and low calorie. After entering the market in the 2oz drink category, Loos plans to release a number of other products across several key categories, including CBD infused shots.\nStrategic rationale:\nThe Global CBD infused drinks market is anticipated to show significant growth in the coming years...