December 2019

Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA” or the “Company”) announces that it has finalized a vendor agreement with RapidCash ATM Ltd. for the purchase of retail kiosks to be used with AUSA’s Cocoon Technology solution, disclosed in AUSA’s press release dated October 29, 2019. For the kiosks, the Company will issue total consideration of 5 million shares of Body and Mind, Inc. common stock currently held by the Company to RapidCash ATM Ltd.

Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (the “Company” or “AUSA”) is pleased to announce it has entered into an agreement and plan of merger by and among AUSA, Folium Equity Holding LLC (“Folium”), and Folium Merger Sub, LLC, a newly formed and wholly-owned Colorado subsidiary of AUSA, (“Merger Sub”) pursuant to which AUSA will acquire (the “Proposed Transaction”) all of the outstanding Folium membership units not already owned by AUSA. The agreement was signed on December 10, 2019. The Proposed Transaction will be completed by way of a merger between Folium and Merger Sub, and Folium will become a wholly owned subsidiary of AUSA. AUSA will be rebranded as Folium Biosciences (the “Resulting Issuer”) prior to the Proposed Transaction and will carry on the current business of Folium.

Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA” or the “Company”) is pleased to announce THRIVE Cannabis Marketplace (“THRIVE”) has entered into a four-year agreement with Cocoon Technology LLC (“Cocoon”), including CocoonPod™ and CocoonRewards™ the world’s most robust Platform-as-a-Service (PAAS) specifically developed for dispensaries. Through this agreement, Cocoon will become the exclusive self-service technology provider for THRIVE.