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Australis Capital Inc
Symbol AUSA
Shares Issued 113,143,755
Close 2019-09-30 C$ 0.69
Recent Sedar Documents

Australis gets special permit for Tropical Parkway land

2019-10-01 07:43 ET - News Release

Mr. Scott Dowty reports

AUSTRALIS CAPITAL ACHIEVES MILESTONE IN TROPICAL PARKWAY FACILITY IN DEVELOPMENT IN NORTH LAS VEGAS

Australis Capital Inc. has been granted a special use permit by the City of North Las Vegas for the Tropical Parkway land acquired in the Green Therapeutics acquisition. This special use permit for cultivation and production of cannabis products will enable the company to transfer and consolidate the licences currently held at various locations in the jurisdiction of the Tropical Parkway location.

With this approval, the company can proceed with the required offsite work, utilities and preconstruction on-site work such as grading and levelling. This preparation proceeds the greenhouse construction proposed for the company's flagship cultivation and manufacturing location in North Las Vegas. The proposed state-of-the-art facility would house multiple AUSA brands including, Tsunami premium extracts, Provisions extracts and Mr. Natural premium line of organic flower.

In parallel to the preconstruction work and permitting, Tsunami and Provisions sales continue to gain traction through strategic sales and marketing efforts. With a wide array of phenotypes and broad distribution through the largest dispensaries in Nevada, including Planet 13, Essence and Thrive, Tsunami and Provisions are quickly expanding market share in Nevada. In addition, the company is optimizing the Mr. Natural specialized organic brand in preparation for commercialization in Nevada.

About Australis Capital Inc.

The company operates and builds transformative, differentiated cannabis companies predominantly in the United States, a highly regulated, fragmented and rapidly expanding industry.

We seek Safe Harbor.

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