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Bullboard - Stock Discussion Forum Australis Capital Inc C.AUSA

Alternate Symbol(s):  AUSAF

Australis Capital Inc. is a multi-state operator in the cannabis industry in the United States. The Company is involved in the cannabis and horticultural industries in the United States and abroad. It is focused on brands and cannabis licenses in states with favorable economics. The Company also operates an engineering consulting firm. The Company advises on greenhouse design, build and... see more

CSE:AUSA - Post Discussion

Australis Capital Inc > vote with the yellow proxy
View:
Post by mountainfresh on Nov 06, 2020 6:52pm

vote with the yellow proxy

The new board will be in control soon and hopefully will turn it around. They need to focus on cannabis, and according to their circular they will be. I’m not too sure on the capital-light strategy, that can have its problems, but given the current state of regulation in the US it’s probably the best way to go for now. Setting up an MSO through partnerships across the country and keeping the asset investment smaller upfront will be the safe strategy since they already have brands they acquired that they can promote. I voted with the yellow proxy!
Comment by ssnakeyes on Nov 06, 2020 6:55pm
The vote is only 2 weeks away… I hope everyone is voting yellow so we can get a new board in to start turning this company around. Excited for change!
Comment by mountainfresh on Nov 06, 2020 7:02pm
YES! AUSA needs a return to its cannabis roots. What initially built the company was the belief investors have in the cannabis market, and it’s a good belief as this market is one of the few still getting off the ground making it a perfect door to get your foot into since the room isn’t too crowded already. Dithering around with payment systems and vending machines isn’t going to get it inline for ...more  
Comment by licari on Nov 06, 2020 8:31pm
This post has been removed in accordance with Community Policy
Comment by oilcan2012 on Nov 07, 2020 10:33am
Your right about the people.  You voted with yellow. Can you share who/why the people are in the Concerned Shareholders group that you feel will 'position the company as a leader?'  (Remember, I can always change my vote!) Can you also add some context as to why the Institutional Shareholder Services chose to recommend the Blue Proxy?   I willl look forward to your ...more  
Comment by oilcan2012 on Nov 07, 2020 9:51am
Perhaps you can further elaborate specifically 'who' is going to do this within the Concerned Shareholders group?
Comment by oilcan2012 on Nov 07, 2020 9:44am
Its regretful that Booth never thought out his strategy going into this.This never had to happen and now he will liklly be absorbing a huge fee to get something he is not going to get; control of AUSA.  You should not advocate for board members that have incentious linkages and questionable track records.  Those appointee's also have little experience/acumen in US business.& ...more  
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