Business
Australis Appoints an Independent, Qualified Director to its Board
Australis Appoints an Independent, Qualified Director to its Board.
About this update from Australis Capital Inc.
[{"type":"text","content":"\n\n\n\nAustralis Appoints an Independent, Qualified Director to its Board\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\nAustralis Appoints an Independent, Qualified Director to its Board\nCanada NewsWire\nLAS VEGAS, Sept. 28, 2020\n\n\n\nNew Director to Stand for Election as Part of Refreshed Board Slate at Upcoming Annual General and Special Meeting\n LAS VEGAS, Sept. 28, 2020 /CNW/ - Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (\"AUSA\" or the \"Company\") today announced the appointment of cannabis industry veteran Sameer Kumar as an independent member of its Board of Directors.\n\n \n \n \n \n \n \n\n \n\"AUSA continues to take decisive action to position the Company for growth,\" said Harry DeMott, Director. \"As a new independent Director, Sameer brings valuable external skills and perspectives, which enhance the depth and breadth of the Board. On behalf of AUSA and the other Directors, I welcome Sameer and look forward to working with him as the Company breaks with its recent past, focuses on the US cannabis market, and moves along the path to value creation. Far from entrenching or self-aggrandizing itself, the Board will continue to add independent US cannabis experts. The refreshed Board is well positioned to represent the interests of all shareholders moving forward.\"\nSameer was the former President and Chief Operating Officer of VIOLA Brands, a lifestyle-based cannabis MSO that was founded by former NBA player Al Harrington and is purposefully driven to increase minority ownership in the space.  From his arrival and oversight of all aspects of the business, he expanded the brand into five markets, drove operational and sales efficiencies resulting in doubling of production, a double digit increase in sales and an expansion of margins, propelling VIOLA to become one of the largest live resin concentrate brands in Colorado and Oregon, by market share. In July 2020, Sameer transitioned into an advisory role in order to allow him time to focus on other projects. Prior to joining VIOLA Brands, Sameer developed an...