Business
AUDACIOUS Enters into Credit Facility with Lola Ventures
AUDACIOUS Enters into Credit Facility with Lola Ventures.
About this update from Australis Capital Inc.
[{"type":"text","content":"Entity Controlled by CEO Terry Booth to Provide up to $2.5 Million, Supporting the Company's Growth InitiativesLAS VEGAS, NV / ACCESSWIRE / July 29, 2022 / Australis Capital Inc. (CSE:AUSA) (OTCQB:AUSAF) ("AUSA", "AUDACIOUS", or the "Company"), today announced that the Company has entered into a credit facility with Lola Ventures ("Lola"), 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," said 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 AUDACIOUSAUDACIOUS is a next-generation MSO growing the cannabis industry of tomorrow from the ground up, led by industry pioneer Terry Booth and an accomplished management team with proven industry track records. With operations that range from providing industry-leading sustainable cultivation design and optimization to retail storefronts, growing flower in-house, and manufacturing award-winning brands, AUDACIOUS has products and solutions for everyone. Quickly expanding through innovative partnerships and collaborations, AUDACIOUS is forging the inclusive cannabis community of tomorrow, today. Learn more about AUDACIOUS here.AUDACIOUS common shares trade on the CSE under the symbol "AUSA" and on the OTCQB under the symbol "AUSAF."Terry Booth, [email protected] further information, please contact:For Investors:Marc LakmaakerT: [email protected] the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.FORWARD-LOOKING STATEMENTS:Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. All statements i...