Australis Capital, an investment firm focused on the U.S. cannabis industry, has named Michael J. Carlotti as executive vice president and chief financial officer. Previously, he worked at MGM Resorts International where he was senior vice president and treasurer.
LAS VEGAS, Sept. 24, 2018 /PRNewswire/ – Australis Capital Inc. (CSE: AUSA), an emerging investment company primarily focused on the U.S. cannabis industry, announced today the appointment of Michael J. Carlotti as its Executive Vice President and Chief Financial Officer. Mr. Carlotti brings a unique combination of experience to Australis Capital with a strong background in corporate finance, capital raising, mergers & acquisitions, regulatory compliance, licensing, social responsibility, and US and International publicly traded company expertise.
“We are excited to welcome Michael as our new CFO,” said Scott Dowty, Chief Executive Officer of Australis Capital. “Michael brings extensive capital raising, investing and merger and acquisition experience. This combined with his deep knowledge of corporate finance and experience working in highly regulated industries, will be of significant benefit to Australis Capital.”
Mr. Carlotti joins Australis Capital from MGM Resorts International, a S&P 500 global entertainment company, where he served as Senior Vice President and Treasurer since 2016. His professional experience encompasses over 10 years in investment banking, three years of buyside hedge fund management, and, more recently, 10 years of senior corporate finance experience in large publicly traded companies. Mr. Carlotti also holds a Masters of Business Administration from the University of California, Los Angeles.
“I was attracted to Australis Capital because of its strong initial capital position, publicly traded currency and relationship with Aurora Cannabis,” said Mr. Carlotti. “Australis Capital is uniquely positioned to capitalize on what could be the fastest growing industry in the US over the next five years.”
Mr. Carlotti succeeds Cam Birge, who has served as Australis’s CFO since June 2018. Mr. Birge has been an integral and active participant in the going public process for Australis Capital and will continue with the company as a strategic advisor.
“Cam was Australis’ first CFO and was instrumental in setting up and developing a platform for the Australis financial team. I am very grateful to Cam for all of his valuable contributions and am happy to benefit from his continued services to Australis Capital in the future,” said Scott Dowty.
About Australis Capital Inc.
Australis Capital identifies and invests in the cannabis industry predominately in the United States, a highly regulated, fragmented, fast growing and evolving industry. Investments may include and are not limited to equity, debt or other securities of both public and private companies, financings in exchange for royalties or other distribution streams, and control stake acquisitions. Australis Capital adheres to stringent investment criteria and will focus on significant near and mid-term high-quality opportunities with strong return potentials while maintaining a steadfast commitment to governance and community. Australis Capital’s Board, Management and Advisory Committee members have material experience with, and knowledge of, the cannabis space in the U.S., extensive backgrounds in highly regulated industries, adherence to stringent regulatory compliance, public company and operational expertise. For further information, please contact the Company by e-mail at firstname.lastname@example.org or visit www.ausacap.com.