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.