Business
Australis Enters Into Term Sheet to Acquire ALPS
Australis Enters Into Term Sheet to Acquire ALPS.
About this update from Australis Capital Inc.
[{"type":"text","content":"\n\n\n\nAustralis Enters Into Term Sheet to Acquire ALPS\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\nAustralis Enters Into Term Sheet to Acquire ALPS\nCanada NewsWire\nLAS VEGAS, Jan. 5, 2021\n\n\n\nImmediately Accretive and Transformative Transaction to Drive Revenue Growth and Profitability\nBack-end Loaded Terms Create Strong Alignment with Shareholders' Interests\nAccess to Low-Cost, High-Quality Biomass to Fuel Capital-Light Scale-up of Brands \nTerry Booth to Become CEO\nCompany Will Host Conference Call Thursday, January 7, 2021 at 12:00 pm ET\n LAS VEGAS, Jan. 5, 2021 /CNW/ - Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (\"AUSA\" or the \"Company\") and 2750176 Ontario Inc. (\"ALPS\") today announced that they, along with the holders of the outstanding shares of ALPS, have entered into a non-binding term sheet whereby AUSA is to acquire 51% of the issued and outstanding shares of ALPS, with an option to purchase the remaining 49%.  Further details regarding the terms of the proposed transaction are set forth below.\nALPS is and has continued to be a profitable and now rapidly growing global leader in design, construction management and post-commissioning services for horticultural facilities (greenhouses, indoor, hoop house and outdoor facilities), enabling its clients to produce high-quality, low-cost cannabis crops.\nALPS is also a world leader with respect to design and construction of cultivation facilities for other plants including mushrooms, fruits, vegetables, flowers and other varietals.  ALPS provides comprehensive expertise and support to clients from the initiation of the business concept all the way through to operational success. \nStrategic Rationale\nAccretive immediately:...