“We can now go full steam ahead and dramatically accelerate production and marketing initiatives with retail and delivery partners across California to meet growing demand, ”said Terry Booth, CEO of AUDACIOUS. “Lo͞oS is another example of how brands with strong value propositions will attract growing audiences. I am very proud of how the Lo͞oS brand resonates with the discerning Californian cannabis community, as evidenced by our latest sold-out production runs. We have big plans for Lo͞oS and intend to launch the brand in other jurisdictions in which we operate. Anthony and Ben, the co-founders, have done a great job of generating sales momentum, enhanced by the incredible reach of the Eaze delivery platform. The future of Lo͞oS is bright and we look forward to reporting on our continued successes as we introduce this product line to new markets. ”
“Our footprint continues to grow, as do our sales. As a new brand it is exciting to see us already become the second best selling drink through Eaze every day we run promotions, ”said Anthony Bendana, co-founder of Lo͞oS and sales director at AUDACIOUS.
Lo͞oS products are based on a unique nano-emulsion technology platform for rapid onset, are vegan, gluten-free, low in sugar and low in calories. The 2 oz. The shots are infused with 100 mg of THC (5 mg per serving) and come in three flavors: Orange Crush Sativa, Green Dream Hybrid and Lavender Indica. Each flavor has a unique terpene profile and contains less than 3 mg of sugar per bottle. After entering the market in the 2-oz. beverage category, Lo͞oS plans to launch a number of other products in several key categories.
“Despite a limited inventory and only recent marketing spend, the success of our limited launch only serves to demonstrate the brand’s resonance with its target audience. We look forward to significant growth in 2022,” added Bendana.
In consideration for the transaction, the Company issued a total of 4,687,500 common shares.
Lo͞oS was formulated for cannabis enthusiasts and is the most powerful and functional drink on the market. Lo͞oS shots are infused with terpenes and added nutraceuticals to supplement THC and provide a new kind of entourage high. Find out more here.
AUDACIOUS is a next generation MSO developing the cannabis industry of tomorrow from the ground up, led by industry pioneer Terry Booth and an accomplished management team with a proven track record in the industry. With operations ranging from industry-leading sustainable crop design and optimization to retail storefronts, in-house flower cultivation and award-winning brand manufacturing, AUDACIOUS offers products and services. solutions for everyone. Rapidly expanding through innovative partnerships and collaborations, AUDACIOUS is today forging the inclusive cannabis community of tomorrow. Learn more about AUDACIOUS here.
AUDACIOUS common stock trades on the CSE under the symbol “AUSA” and on the OTCQB under the symbol “AUSAF”.
ON BEHALF OF THE BOARD
“The Terry stand“
The Terry stand
Chairman and CEO and Director
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Caution Regarding Forward-Looking Statements: This press release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. All statements contained in this press release, other than statements of historical fact, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including the use anticipated by the Company of the proceeds of the Offering, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intend” or “anticipate”, or variations of such words and phrases or statements as certain actions, events or results. “May”, “could”, “should”, “would” or “occur.” Forward-looking statements are based on certain important assumptions and analyzes made by the Company and the opinions and estimates of management as of the date of this press release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements or information. Important factors that may cause actual results to vary include , without being limited to: uncertainties affecting the Company’s market share in California in the beverage category. Although the management of the Company has attempted to identify material factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results are not those anticipated, estimated or anticipated. . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statements, forward-looking information or financial outlook which are incorporated by reference herein, except as required by applicable securities laws.
SOURCE Australis Capital Inc.