Business
Australis Provides Corporate Update on Commercial Progress
Australis Provides Corporate Update on Commercial Progress.
About this update from Australis Capital Inc.
[{"type":"text","content":"\n\n\n\nAustralis Provides Corporate Update on Commercial Progress\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 Corporate Update on Commercial Progress\nCanada NewsWire\nLAS VEGAS, Jan. 19, 2021\n\n\n\nGreen Therapeutics LLC.  Reports Record Growth, Executes on Product Expansion\nALPS Signs Multiple Engineering and Design Contracts for Grow Facilities\n LAS VEGAS, Jan. 19, 2021 /CNW/ - Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (\"AUSA\" or the \"Company\") today provided the following corporate update, in line with its commitment to maintain a continuing dialogue with investors and other stakeholders on the progress and development of the Company.\n\n \n \n \n \n \n \n\n \nGreen Therapeutics\nAUSA is in the process of acquiring Green Therapeutics (\"GT\"), as announced in the Company's press release dated January 5, 2021. GT today provided the following update on its progress:\nAccelerating sales: Sales for the month of December, despite limited production capacity and the continuing impact of COVID, saw a 47% year-over-year increase. Growth was driven by the Company's ability to source more raw material economically, while GT's brands continue to meet with strong demand, with everything produced selling out in short order. Expansion of product portfolio: GT has entered into an agreement with a nationally recognized high-end bakery operation for the production of infused baked goods. The baked goods will be sold under the Provisions® brand. Initially to be launched in Nevada, it is anticipated that the product line will also be made available in new jurisdictions that GT intends to expand into. GT is also in the process of launching its latest product innovation, infused pre-rolls. GT will be using its solventless extraction process to deliver full-spectrum extracts with which pre-rolls will be infused. These pre-rolls will be brought to market under GT's Tsunami brand.Sale of land: further to the Company's press release on the settlement agreement with GT, issued on January 5, 2021, GT has ...