Audacious Expands California Footprint with Retail Acquisition and EAZE Distribution Partnership

Audacious通过零售收购和EAZE分销伙伴关系扩大加州足迹

2021-09-16 07:30:08 CFN Media Group

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LAS VEGAS, Sept. 15, 2021 /PRNewswire/ – CEO Terry Booth is proud to announce: Australis Capital Inc., operating as AUDACIOUS today announced the Company entered into a binding terms sheet on September 14, 2021 to acquire 100% of the issued and outstanding shares of BW Macaw Group, Inc. . Herbs has entered into a distribution agreement with EAZE, California’s largest legal cannabis delivery and distribution company. Additionally, the Company has two contract manufacturers lined up to commence production of the Company’s products in California. In addition to the retail license that is part of the contemplated transaction, Herbs’ business license also includes the ability to cultivate, manufacture and distribute cannabis products. Completion Subject to Approval – Transaction Terms Completion of the transaction is subject to the Companies entering into a definitive agreement, as well as receipt of all appropriate San Jose municipal and State approvals, including the customary security clearances. AUDACIOUS looks forward to working with the San Jose municipal authorities to obtain the final approvals required towards the completion of this transaction. The consideration for the transaction is US$5 million, payable in stock, with the deemed value calculated using a 10-day volume weighted average price (VWAP). Upon completion of the transaction, therefore, the Company will issue a total of approximately 22.6 million shares. This is an arm’s length transaction. The Company will not be taking on any long-term debt. No finder’s fee is to be paid in relation to the transaction. Strategic Rationale Expands AUDACIOUS’s footprint in California following the launch of its LOOS brand Herbs’ license, in addition to retail, includes the ability to cultivate, manufacture (edibles and derivatives production) and distribute cannabis products One of only 16 dispensaries1 in San Jose, California’s 3rd largest city with over 1 million people and the 10th largest city in the U.S.2 Distribution agreement with EAZE significantly expands market reach throughout all of California, as well as accelerates revenue generation and brand development Retail footprint enables direct access to end customers Contract manufacturing agreements reduce capital requirements while accelerating launch of AUDACIOUS brands in new jurisdictions Creates a platform for further expansion in California Compelling valuation Dispensary The Herbs dispensary is located in San Jose. Daytime population within a ten-mile radius from the dispensary is 1.7 million people3, equating to just below one dispensary per 100,000 people. This compares favorably to the state’s average at around two4. The dispensary is located in a high-density traffic area at the intersection of three major freeways, further benefiting by being located adjacent to Costco, driving significant traffic to the location. AUDACIOUS intends to rebrand the dispensary and transform it into a platform for further growth in the state. EAZE EAZE is the largest legal delivery service in California and Michigan, with over 800,000 registered customers and over 7 million deliveries completed5. Through the agreement, Eaze partners with Herbs to provide delivery services in the San Jose area. As part of the agreement, Eaze will carry 20 of SKUs on its San Jose menu, while carrying 15 SKUs on its California-wide delivery platform. AUDACIOUS Products Now Available in California In addition to building up general multi-brand inventory for its dispensary, manufacture of the Company’s value line of Provisions disposable vapes, as well as its 2oz, 100mg THC LOOS shots, which will be carried both by the dispensary and on the Eaze menu. The Company anticipates the 1g cartridges to be available to the market this month. Contract manufacturing – Product Launch The Company has made arrangements with two contract manufacturers to produce AUSA’s products, which initially will comprise mainly of GT’s Tsunami and Provisions brand lines. GT has won coveted awards for its products, including the High Times Cup, Patient Choice and the Jack Herer Cup. Manufacturing of the Company’s products has commenced to ensure ample inventory is available upon AUDACIOUS taking over operation subsequent to approval by city and state regulatory agencies. The Company will also be introducing its new 1gram disposable, rechargeable cartridges in California. The new cartridges, fully customized to Provisions standards, will deliver a high potency, high quality product at a price point that delivers strong value for money, while still producing very substantial gross margin for the Company. The new 1gram format is differentiated through its form factor, potency, value and capacity. Anticipating this new format to be popular, AUDACIOUS’s new distribution partner EAZE has ordered the complete range of flavors for each of its distribution hubs in California. The new cartridges will be available in six flavors: White Gushers Biscotti Limoncello Super Silver Haze Grape Pie Diamond OG Management Commentary “We are very excited about our expansion in California through a compellingly valued transaction that sees us establish a brick-and-mortar presence in an underserved market, while teaming up with EAZE, one of the marquee names in the industry with over 800,000 registered customers,” said Terry Booth, CEO. “Consequently our EAZE partnership, we will be able to provide consumers throughout California with access to our award-winning brands, including our LOOS shots and our new 1g disposable cartridge format, which will be available in our dispensary and on the Eaze menu shorty. Additionally, coming with a license allowing manufacturing and cultivation, this transaction, once closed, will provide us with the option to scale up operations throughout the value chain to capture higher margins. The transaction will accelerate our revenue growth, while reflecting our ongoing execution towards becoming a tier one MSO.” About AUSA Led by industry pioneer Terry Booth and a seasoned and accomplished management team with proven industry track records, AUSA is building an MSO based on a difficult to imitate strategy. Secure access to low-cost but high-quality biomass will enable the Company to fuel expansion of its footprint across the US. Award winning brands and cultivars create strong resonance with the end consumer, thereby driving growth in each market and as the Company expands its footprint. The Company’s common shares trade on the CSE under the symbol “AUSA” and on the OTCQB under the symbol “AUSAF”. “Terry Booth” ________________________________ Terry Booth Chief Executive Officer Forward-Looking Statement This press release contains “forward-looking information” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein is forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. In particular, this press release contains forward-looking information in relation to: the ability of ALPS to convert its pipeline into contracts; the impact of the changes to U.S. federal and state statutory developments with respect to the cannabis industry and the opportunities this may present for the Company; and the Company’s current liquidity. This forward-looking information reflects the Company’s current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include but are not limited to the ability of the Company to successfully satisfy the conditions to closing the proposed transaction; the ability of the Company to successfully execute on its plans for the Company and GT; legal changes relating to the cannabis industry proceeding as anticipated. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; the actual results of the Company’s future operations; competition; changes in legislation affecting the Company; the timing and availability of external financing on acceptable terms; lack of qualified, skilled labour or loss of key individuals; risks related to the COVID-19 pandemic including various recommendations, orders and measures of governmental authorities to try to limit the pandemic, including travel restrictions, border closures, non-essential business closures, service disruptions, quarantines, self-isolations, shelters-in-place and social distancing, disruptions to markets, economic activity, financing, supply chains and sales channels, and a deterioration of general economic conditions that could limit the Company’s ability to obtain external financing. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company’s disclosure documents on the SEDAR website at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information contained in this press release is expressly qualified by this cautionary statement. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, are subject to change after such date. However, the Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law. The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the adequacy or accuracy of this release. This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
拉斯维加斯2021年9月15日电/PRNewswire/--首席执行官Terry Booth自豪地宣布:Australis Capital Inc.以AUDACIOUS(CSE:AUSA)(OTC:AUSAF)(“AUSA”或“本公司”)的名义运营,该公司今日宣布,本公司于2021年9月14日订立具有约束力的条款表,收购BW Macaw Group,Inc.(“Herbs”)100%已发行及流通股份。Herbs已经与加州最大的合法大麻交付和分销公司EAZE达成了一项分销协议。此外,该公司有两个合同制造商排队开始生产该公司的产品在加利福尼亚。除了作为预期交易一部分的零售许可证之外,Herbs的经营许可证还包括种植、制造(衍生品和食品的生产)和分销大麻产品的能力。 完成须经批准-交易条款 交易的完成取决于两家公司达成一项最终协议,并得到圣何塞市和州所有适当的批准,包括惯常的安全审查。AUDACIOUS期待与圣何塞市政当局合作,以获得完成这笔交易所需的最后批准。 交易对价为美国500万美元,以股票形式支付,按10天成交量加权平均价(VWAP)计算视为价值。因此,于交易完成后,本公司将发行合共约2260万股股份。 这是一个公平的交易。本公司不会承担任何长期债务。不会就该交易支付任何发现者费用。 战略原理 在推出洗手间品牌后,扩大了Audacious在加州的足迹 草药许可证除零售外,还包括种植、制造(食品和衍生物生产)和分销大麻产品的能力 圣何塞是加利福尼亚州第三大城市,人口超过100万,也是美国第十大城市,仅有的16个药房之一 与EAZE的经销协议显著地扩大了整个加州的市场范围,并加速了创收和品牌发展 零售足迹可直接接触最终客户 合同制造协议降低了资本要求,同时加速了大胆品牌在新司法管辖区的推出 为在加州的进一步扩张创造了平台 令人信服的估价 药房 草药药房位于圣何塞。在离药房10英里半径范围内的日间人口为170万人3,相当于每10万人中只有一个药房。与该州的平均水平相比,这是有利的。该药房位于三条主要高速公路交汇处的高密度交通区域,进一步受益于毗邻好市多,带动大量交通前往该地点。AUDACIOUS打算重塑药房的品牌,并将其转变为该州进一步增长的平台。 Eaze EAZE是加州和密歇根州最大的合法送货服务,拥有超过80万注册客户和超过700万次送货完成5。通过该协议,Eaze与Herbs合作,在圣何塞地区提供送货服务。作为协议的一部分,Eaze将在其圣何塞菜单上携带20个SKU,同时在其加州交付平台上携带15个SKU。 大胆的产品现在可以在加利福尼亚买到 除了为其药房建立通用的多品牌库存之外,还生产该公司的价值线一次性餐具,以及其2OZ,100mg四氢大麻酚LOOS镜头,这些镜头将由药房和Eaze菜单上携带。该公司预计1G墨盒将于本月上市。 合同制造-产品发布 本公司已与两家合约制造商安排生产AUSA的产品,最初将主要包括GT的海啸和粮食品牌系列。GT的产品赢得了令人垂涎的奖项,包括高时代杯、患者选择和杰克·赫勒杯。公司产品的制造已经开始,以确保在市州监管机构批准后大胆接管运营时有充足的库存。 该公司还将在加州推出新的1克一次性可充电墨盒。新的墨盒,完全定制的规定标准,将提供一个高效力,高质量的产品在一个价格点,提供强大的资金价值,同时仍然为公司产生非常可观的毛利率。新的1Gram格式通过其形状因子、效力、价值和容量进行区分。Audacious的新分销伙伴EAZE预计这种新格式将受到欢迎,已经为其在加州的每个分销中心订购了完整的口味系列。 新墨盒将有六种口味: 白色喷泉 比斯科蒂 柠檬 超级银色雾霾 葡萄馅饼 金刚石OG 管理评论 首席执行官特里·布斯(Terry Booth)表示:“我们对通过一项价值惊人的交易在加州的扩张感到非常兴奋,该交易使我们在一个服务不足的市场建立了实体业务,同时与EAZE合作,EAZE是行业中拥有80多万注册客户的大公司之一。”“因此,我们的EAZE合作伙伴关系,我们将能够为整个加州的消费者提供获得我们获奖品牌的机会,包括我们的厕所镜头和我们新的1G一次性墨盒格式,这将在我们的药房和EAZE菜单上提供。此外,随着许可证允许制造和种植,这笔交易,一旦完成,将为我们提供扩大整个价值链的业务,以获得更高的利润的选择。这笔交易将加快我们的收入增长,同时反映出我们正在为成为一级MSO而进行的执行。“ 关于AUSA 由行业先驱Terry Booth和一个经验丰富的管理团队领导,AUSA正在建立一个基于难以模仿的战略的MSO。确保获得低成本但高质量的生物质将使该公司能够在整个美国扩大其足迹。获奖品牌和品种与最终消费者产生强烈共鸣,从而推动每个市场的增长,并扩大公司的足迹。 本公司的普通股在CSE以“AUSA”的代码交易,在OTCQB以“AUSAF”的代码交易。 “特里·布斯” _______________________________ 泰里·布思 行政总裁 前瞻性陈述 本新闻稿载有适用证券法例意义内的“前瞻性资料”。除历史事实陈述外,本文所包括的所有陈述均为前瞻性信息。一般来说,前瞻性信息可以通过使用前瞻性术语来识别,如“计划”、“预期”或“不预期”、“拟议”、“预期”、“预算”、“计划”、“估计”、“预测”、“打算”、“预期”或“不预期”或“相信”,或这些词语和短语的变体,或通过使用说明某些行动、事件或结果可能、可能、将要或可能发生或实现的词语或短语来识别。特别是,本新闻稿载有与以下方面有关的前瞻性信息:阿尔卑斯公司将其管道转换为合同的能力;美国联邦和州法律发展变化对大麻行业的影响,以及这可能给公司带来的机会;以及公司目前的流动性。此前瞻性信息反映了本公司目前的信念,并基于本公司目前可获得的信息和本公司认为合理的假设。该等假设包括但不限于本公司成功满足达成建议交易的条件的能力;公司成功执行其为公司和GT制定的计划的能力;与预期的大麻工业程序有关的法律变化。 前瞻性信息受制于已知和未知的风险、不确定性和其他因素,这些因素可能导致本公司的实际结果、活动水平、业绩或成就与该等前瞻性信息所表达或暗示的有重大差异。此类风险和其他因素可能包括但不限于:一般商业、经济、竞争、政治和社会不确定性;一般资本市场状况和证券市场价格;公司未来经营的实际成果;竞争;影响公司的立法变更;以可接受的条件提供外部融资的时间和可得性;缺乏合格、熟练的劳动力或关键人员流失;与新冠肺炎疫情相关的风险包括政府当局试图限制疫情的各种建议、命令和措施,包括旅行限制、边境关闭、非必要的业务关闭、服务中断、隔离、自我隔离、就地避难所和社交距离、市场、经济活动、融资、供应链和销售渠道的中断,以及可能限制公司获得外部融资能力的总体经济条件恶化。 关于可能导致实际结果与前瞻性信息大不相同的其他风险因素的描述可在SEDAR网站www.SEDAR.com上的公司披露文件中找到。尽管本公司已试图找出可能导致实际结果与前瞻性信息所载结果有重大差异的重要因素,但也可能存在其他因素导致结果不如预期、估计或预期。因此,读者不应过分依赖前瞻性信息。请读者注意,前面列出的因素并非详尽无遗。我们进一步告诫读者不要过分依赖前瞻性信息,因为这些信息所依据的计划、意图或期望无法保证会发生。这些信息虽然在准备时被管理层认为是合理的,但可能被证明是不正确的,实际结果可能与预期的结果有很大差异。 本新闻稿中包含的前瞻性信息由本警告声明明确限定。本新闻稿所载的前瞻性资料代表本公司截至本新闻稿日期的预期,因此,在该日期后可能会发生变化。然而,除适用的证券法明确规定外,本公司明确放弃任何意图或义务更新或修订任何前瞻性信息,无论是由于新信息、未来事件或其他原因。 CSE既没有批准也没有不批准这份新闻稿的内容。CSE及其监管服务提供商(CSE的政策中定义了该术语)都不对本版本的充分性或准确性承担责任。 本文由CFN Enterprises Inc.(OTCQB:CNFN)发表,该公司是CFN Media的所有者和运营商,CFN Media是行业领先的机构和数字金融媒体网络,致力于新兴的CBD和合法大麻行业。请致电+1(833)420-CNFN了解更多信息。

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