Retains Delmorgan in $15M Capital Raise Funds Earmarked for Growth Initiatives
LAS VEGAS, Sept. 27, 2021 /PRNewswire/ - Terry Booth, CEO, is pleased to announce - Australis Capital Inc., operating as AUDACIOUS (CSE: AUSA) (OTC: AUSAF) ("AUSA", "AUDACIOUS", or the "Company"), announced today that it has retained DelMorgan & Co., an internationally recognized investment banking firm, to assist AUDACIOUS with its $15 million capital raise.
Terry Booth, AUSA CEO, stated, "DelMorgan is a highly regarded name with broad access to institutional investors active in the cannabis industry, our target audience for this raise. The funds will largely go to initiatives that we believe will enable us further to accelerate growth. We have a number of potential transactions and partnerships on our radar screen. These funds will help to capitalize on these opportunities and take AUSA to the next level. We look forward to working with the DelMorgan team on this fund raise and potentially other initiatives."
Neil Morganbesser, President & CEO of DelMorgan & Co., commented, "AUSA's recent acquisitions have been quite 'audacious,' and we believe that the combination of ALPS, Green Therapeutics, LOOS and Herbs, as well as and many of the other 'pieces of the puzzle' AUDACIOUS brings, are truly synergistic and likely to create a whole that is much greater than the sum of the parts. Australis Capital's management team is among the best in the industry, with a depth and pedigree that are virtually unmatched, and we are enthusiastic about the growth prospects for the Company and its shareholders."
Rob Delgado, Chairman of DelMorgan & Co., said, "We are extremely excited to be working with AUSA and to play a role in helping them execute on a unique strategy to create a leader in U.S. and global cannabis operations and brands."
https://www.prnewswire.com/news-releases/australis-retains-delmorgan-in-15m-capital-raise-301385329.html