Business
Australis Provides Commercial Update
Australis Provides Commercial Update.
About this update from Australis Capital Inc.
[{"type":"text","content":"\n\n\n\nAustralis Provides Commercial Update\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 Provides Commercial Update\nPR Newswire\nLAS VEGAS, Oct. 5, 2021\n\n\n\nAlps Enters into Initial $1.4 Million Engagement with Pure Harvest Smart Farms\n1,000,000 sq. ft. High-Tech Growing Solution to Supply the Sultan Center, Kuwait's Leading \n LAS VEGAS, Oct. 5, 2021 /PRNewswire/ - Terry Booth, CEO, is proud to announce - Australis Capital Inc., (CSE: AUSA) (OTC: AUSAF) (\"AUSA\"),announced today that its majority owned subsidiary ALPS has entered into an agreement with Pure Harvest Smart Farms (\"Pure Harvest\"), the pioneer in controlled-environment agriculture in the Middle East, for the development of a 1,000,000+ square foot, high-tech, fully integrated facility to achieve year-round cultivation of high-quality, fresh fruits and vegetables in Kuwait. \nPure Harvest – The Sultan Center Partnership \nThe new facility is a foundational complement to the partnership recently signed between Pure Harvest and The Sultan Center (\"TSC\"). The Sultan Center (TSC) is the largest independent and publicly traded retailer in the Middle East, serving millions of customers across Kuwait, Oman, Jordan, and Bahrain and others. Pure Harvest and TSC have entered into a multi-year commercial off-take agreement. Under the terms of the agreement, Pure Harvest will be supplying TSC with a broad variety of locally grown, premium-quality fresh fruits & vegetables, serving TSC's supermarkets across the region.\nALPS High-Tech Approach Enables Premium Food Grown in Harsh Climates\nHistorically Kuwait has depended on the import of most fresh produce offered in its local supermarkets, as the country does not have a climate suitable for sustainable outdoor cultivation of many types of fruits & vegetables. As TSC decided it wanted to reduce its reliance on food imports and improve its environmental footprint, this created the challenge to create a facility that would deliver premium-quality fresh produce under these harsh climatic conditions....