Australis Capital Inc. (OTCMKTS: AUSAF), which operates as AUDACIOUS, has announced a definitive deal with Golden Triangle Health on a strategic collaboration that marks the firm’s first venture into the Asian market. GTH is a majority-owned Thai corporation NRF instant PCL’s affiliate with a market cap of C$440 million.
The companies plan to offer B2B branded products
In the end, the partners hope to provide B2B branded and white label products to big CPG firms. Meanwhile, the two firms are trying to complete the transaction and launch a larger commercial expansion campaign across Asia and beyond.
AUDACIOUS CEO Terry Booth said, We continue to execute and deliver growth, as this agreement will materially show. Through the distribution channels that GTH and their parent company bring, we anticipate rapidly expanding in this very promising market with a broad portfolio of products. The market in Thailand is anticipated to take off in the coming year, while other countries in the region are considering various degrees of legalization as well. Through our early mover advantage and our partner’s deep connections, AUDACIOUS is positioned very well to pursue rapid expansion in this region with enormous potential.”
GTH co-founder, Tom Kruesopon, commented, “The partnership with AUDACIOUS further strengthens our operational capabilities in the cannabis space, adding very valuable equity to our brand positioning. We have many opportunities and are leveraging our network of international distribution contacts to execute rapidly and build the leader in the Asia-Pacific cannabis market.”
GTH receives first CBD hemp seeds shipment
GTH has received its first supply of CBD hemp seeds from AUDACIOUS, which will help the Company extend its product line. Hemp seeds will be grown and used to produce food products and for CBD isolate extraction.
Director of International Regulatory Affairs at AUDACIOUS, Max Weinberg, stated, “We are proud of being the first North American firm to ship seeds for CBD production to Asia, marking a milestone that kicks off our revenue generating initiatives in the region. We anticipate engaging in more such transactions in the near future.”
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