Audacious Reaches Asia's Cannabis Market, Teams Up With Thailand-Based Golden Triangle Health

Audacious (CSE: AUSA) (OTCQB: AUSAF) revealed Wednesday it has entered into a term sheet to form a strategic partnership with Golden Triangle Health (GTH), a subsidiary of NR Instant Produce PCL ("NRF"), a Asian food manufacturer and distributor. The Thailand-based NRF also produces its signature brands private label products and co-packaging lines.

What’s In It For Audacious? 

  • With Thailand's CBD market still developing, GTH projects it will reach around $1 billion at maturity; GTH has an early mover advantage;
  • Through this partnership, Audacious will be better positioned for further international expansion; 
  • Via GTH’s parent company, the duo will have access to large, well-established distribution networks throughout Thailand, Asia and North America;
  • The partnership falls under Audacious capital-light expansion strategy, as under the deal terms, the company is not required to provide capital …

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