Audacious Ramps Up Footprint In California's Canna-Beverage Market With Lo͞oS Acquisition

Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF), which operates as Audacious, reported Thursday that it has wrapped up its acquisition of Lo͞oS, a cannabinoid-infused shot beverage company, based in Santa Cruz, California.

The move follows the company's foray into the Asian market via a deal with Thailand-based Golden Triangle Health, a subsidiary of NR Instant Produce PCL, a southeast Asian food manufacturer and distributor.

What Happened

As part of the transaction, the Las -based company issued a total of 4.7 million common shares.

Why It Matters

The acquisition expands Audacious's portfolio by adding Lo͞oS products that are based on a unique nano-emulsion platform for rapid …

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