GTH Entering into Major Distribution Arrangements
Team Meets Thai Health Minister
Herbidus Clinic Operation Continues to Grow
LAS VEGAS, April 12, 2022 /CNW/ – Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA”, “AUDACIOUS”, or the “Company”), today provided an update on its activities in Thailand, where the Company has a partnership with Golden Triangle Holdings (“GTH”), itself spin off from Thai public company NR Instant Produce PCL (“NRF”) with a market cap close to $400M.
Terry Booth, AUDACIOUS CEO, commented, “Our commercial operations in Thailand continue to accelerate. By entering into multiple sales and distribution arrangements, expansion of our clinics business, vertical integration and access to further commercial partners and stakeholders, we are building a rapidly growing, profitable foundation for our operations in Asia as cannabis regulations evolve in the region. Through our material control of GTH, we will be able to consolidate revenues, which we believe will grow rapidly to become a material contributor to our top and bottom lines.”
He added, “Our collaboration with Tom and the GTH team is exceptionally positive, and through their deep connections in the region to business and political decision makers, we believe we have what it takes for AUDACIOUS and GTH to become a dominant operator in the region and beyond.”
Tom Kruesopon, co-founder of GTH, added, “Our partnership with AUDACIOUS is already paying dividends. Through our access to the AUDACIOUS brain trust and their operational excellence, we are now in a position rapidly to expand our cultivation and other operations to help meet growing demand for our products and services. The partnership also sets us up for further international expansion.”