Australis Capital (CSE:AUSA) leads public transaction investment in Quality Green’s related to its public launch.
As quoted in the press release:
Australis Capital and Quality Green, a wholly owned subsidiary of The High Street, are pleased to announce the investment of C$2,000,000 in Quality Green by Australis in connection with Quality Green’s proposed going public transaction. Based in Canfield, Ontario, Quality Green is a licensed cannabis producer striving for the perfect trifecta of optimized production efficiency, best practices and standards to create the finest product.
“The Quality Green team has tremendous experience as an integrated operator of preeminent brands,” stated Scott Dowty, Chief Executive Officer of Australis. “This investment and strategic partnership will play a pivotal role as we expand our North American reach, which includes a myriad of Canadian assets.”
Quality Green obtained its cultivation license in October 2017 with its first grow facility; expansion plans for a second facility are currently underway. With 385,000 square feet of production space, Quality Green is poised to produce 35,000 [kilograms] annually, and aligned to serve over 28,000 registered medical patients.