The firm now holds around a 37% stake in Body & Mind, a dispensary operator and provider of cannabis products
() (OTCMKTS:AUSAF) announced Wednesday that has acquired 12.8 million shares of US multi-state-operator (), a dispensary operator and provider of cannabis products.
The firm announced it had exercised 12.8 million warrants and now holds about a 37.7% stake in of Body & Mind (BaM).
READ: Australis Capital expands Nevada presence in separate deals with Green Therapeutics and Meridian worth combined $11M in stock
The firm noted that it acquired the shares for investment reasons. BaM operates a production operation in Nevada, as well as dispensaries in California and Ohio and soon, Arkansas. BaM products include dried flower, edibles, topicals, extracts as well as GPEN Gio cartridges.
Shares of Australis were at C$1.13 in Canadian trading on Wednesday.
Contact Katie Lewis at [email protected]
CSE:AUSA
Market: CSE
Market Cap: $75.34 m
Follow
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Australis Capital Inc named herein, including the promotion by the Company of Australis Capital Inc in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HEREMost read
Full interview: Australis Capital merges Fintech and Cannabis with the...
Australis Capital (CSE:AUSA-OTCMKTS: AUSAF) CEO Scott Dowty sat down with Steve Darling from Proactive Investors to discuss the company making it easier for consumers with their cloud-based self-fulfillment platform for dispensaries using cocoon technology. Dowty also told Proactive...
on 10/30/2019
2 min read
Prev article
3 min read
