AUSAF - Australis Capital acquires LOOS a cannabinoid infused shot beverage company

Australis Capital, operating as Audacious (AUSAF) to acquire shares of Gary Maverick operating under the brand name LOOS, a cannabinoid infused shot beverage company, based in Santa Cruz, California.The Global CBD infused drinks market is anticipated to show significant growth in the coming years. Zenith Global estimates that the U.S. CBD-infused drinks market will reach $1.4 billion by 2023, making it one of the fastest-growing segments in the overall cannabis industry.Back-end loaded transaction expands company's product portfolio into THC and CBD infused beverage category.Leah S. Bailey, Audacious CBDO, stated, "With LOOS we are adding a fresh and exciting brand and consumer segment with compelling products that offer a unique user experience. Furthermore, with Ben and Anthony, we are adding two aggressive, highly successful and commercially savvy people to our team, which will help us to build new distribution networks for all Audacious brands and product lines. The deal is structured to ensure full alignment with

For further details see:

Australis Capital acquires LOOS, a cannabinoid infused shot beverage company