AUDACIOUS Enters Into Credit Facility With Lola Ventures

Australis Capital Inc. AUSA AUSAF has entered into a credit facility with Lola Ventures, an entity controlled by company CEO Terry Booth.

The facility will make up to $2.5 million available to the company, earmarked for general working capital purposes, including fueling AUDACIOUS' growth initiatives.

"We have built an exceptional foundation with unique assets in New York State, New Jersey, Nevada, California and Thailand, and this credit facility signifies my strong confidence in our execution on the AUDACIOUS go forward plan," stated Terry Booth, CEO. "The funds will enable us to inject cash into initiatives that will fuel revenue growth directly, and I look forward to informing the market regularly on our achievements."

About AUDACIOUS

AUDACIOUS is a multi-state cannabis operator, with operations that range from providing industry-leading sustainable cultivation design and optimization to retail storefronts, growing flower in-house, and manufacturing brands, AUDACIOUS has products and solutions for everyone.

Photo by Mackenzie Marco on Unsplash

Related News

Cannabis Entrepreneur And Rapper Berner Enters His 'Cookies' Brand To The Thailand Marijuana Market

Cannabis Movers & Shakers: Halo Collective, Bright Green Corp, Australis Capital & Flora Growth

AUDACIOUS Commences Cannabis Facility Construction In New York

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsPenny StocksMarketsLola VenturesTerry Booth
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Top Cannabis Event In New Jersey

Join the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don’t miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code "JAVIER20" for 20% off!


Loading...