Australis Capital has invested $2 million in Quality Green Inc, a Canfield, Ontario-based producer of medical cannabis.
The investment is intended to support the company’s proposed going public transaction.
Founded in 2013, Quality Green operates 385,000 square feet of production space and is expected to produce 35,000 kilos of medical cannabis annually.
Earlier this year, Australis, a U.S. investor in the cannabis industry, agreed to acquire Rthm Technologies Inc, a Toronto-based mobile health and fitness app. The deal was closed in November.
Australis Capital Lead Investor in Quality Green’s Going Public Transaction
LAS VEGAS, Dec. 3, 2018 /CNW/ – Australis Capital Inc. (CSE: AUSA) (“Australis” or the “Company”) and Quality Green Inc. (“Quality Green”), a wholly owned subsidiary of The High Street, are pleased to announce the investment of $2,000,000 in Quality Green by Australis in connection with Quality Green’s proposed going public transaction. Based in Canfield, Ontario, Quality Green is a licensed cannabis producer striving for the perfect trifecta of optimized production efficiency, best practices and standards to create the finest product.
“The Quality Green team has tremendous experience as an integrated operator of preeminent brands,” stated Scott Dowty, Chief Executive Officer of Australis. “This investment and strategic partnership will play a pivotal role as we expand our North American reach, which includes a myriad of Canadian assets.”
Quality Green obtained its cultivation license in October 2017 with its first grow facility; expansion plans for a second facility are currently underway. With 385,000 square feet of production space, Quality Green is poised to produce 35,000 kilos annually, and aligned to serve over 28,000 registered medical patients.
“2018 has been a milestone year for us, as we accelerate our plans to go public, we are pleased to have captured the attention of an insightful investor who is driven by clear results, shared values and is a supporter of cannabis,” shared, Adrian Robinson, Chief Executive Officer of The High Street.
Quality Green sources high quality products and implement best-in-practice standards for pest control and plant growth, to implement a careful patient-focused strain selection process – highlighting specific cannabinoid and terpene profiles. Quality Green’s stated commitment is to produce the highest quality products. With a seamless expansion plan and a clear vision across all channels of their business, the Canadian producer is well positioned to capitalize on opportunities within the cannabis space.
“This is an exciting time for Quality Green. We are optimistic that our growth and investment strategies are in line with our future vision — from innovation, capacity expansion, to investing in our people, we are confident that we will deliver strong results,” said Robert Dziedzic, President of Quality Green.
About Australis Capital Inc.
Australis Capital identifies and invests in the cannabis industry predominately in the United States, a highly regulated, fragmented, rapidly expanding 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. In addition to the Company’s expertise and strong execution on strategic M&A, which to date includes Rthm Technologies Inc and Body and Mind Inc., Australis has developed strategic partnerships with companies such as Wagner Dimas.
Australis’ Common shares trade on the CSE under the symbol “AUSA”.
For further information about Australis, please visit the website at ausacap.com or contact the Company by e-mail at firstname.lastname@example.org.
About Quality Green
Founded in 2013, Quality Green, an ACMPR-Licensed Producer based in Canfield, Ontario, strives for the perfect trifecta of optimized production efficiency, best practices, and standards, to result in the finest product. With a seamless expansion plan and a clear vision across all channels of their business, Quality Green is poised to capture unlimited opportunities within the cannabis space. With considerable momentum and a team focused on delivering on strategy and innovation, Quality Green demonstrates its commitment to owning its position as a leading cannabis producer.
For further information about Quality Green, please visit www.qualitygreen.ca
About The High Street
The High Street is a premium portfolio representing individuals championing cannabis. Vertically integrated and strategically aligned, High Street is positioned to deliver an exceptional experience from formulation to distribution of products and brands. With a proven track record and a sustainable long-term vision, the culturally revered brand is poised to become a leader within the burgeoning industry. Through quality brands and products, open dialogue and innovative engagement, High Street delivers on its mission to push boundaries past the point of exclusion.
For more information visit www.thehighstreet.co
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
For further information: Michael J. Carlotti, Chief Financial Officer, IR@ausacap.com