Terry Booth Reveals New Cannabis Strategy

On Aug 10, 2021

It has been eleven months since we have seen Terry Booth in an executive role at a prominent cannabis public company.

No one will forget his original post at one of the original Canadian marijuana giants: Aurora Cannabis Inc (NYSE:ACB) (TSE:ACB) (FRA:21P1). Now he has made his return to head up Australis Capital Inc (OTCMKTS:AUSAF) (CNSX:AUSA) (FRA:AC4) – a multi-state operator (MSO) active in Nevada with assets being operationalized in Missouri and Oklahoma.

Booth’s CEO appointment came as a package deal from acquiring a 51% ownership in ALPS (with the option to acquire the remaining 49%). ALPS, formerly Aurora Larssen Projects, is a facility design, construction management and (post) commissioning service across various commercial crops – not just cannabis.

Although it might sound like it, Australis isn’t trying to be “Aurora 2.0”. Through its majority-owned subsidiary ALPS, Australis intends to secure low-cost biomass by partnering with ALPS customers. Building cultivation facilities for U.S. cannabis operator partners will provide Australis with access to low-cost cannabis.

This kind of deal will provide cultivars and give Australis access to their partner’s licences – allowing Australis to invest in branding and advertising.

Terry Booth co-founded Aurora Cannabis and grew the company from a small medical marijuana producer to one of the biggest cannabis players. Although Aurora has since struggled, alongside many Canadian licensed producers (LP), Booth looks to have the same success in the U.S. market.

Watch the full interview to understand Australis’ new business plan and what Booth sees for their future.

00:00 – Introducing Australis Capital CEO Terry Booth.
00:13 – Australis Capital overview.
00:35 – Portfolio company Body and Mind Inc (CNSX:BAMM) (OTCMKTS:BMMJ) gummies.
01:15 – What Australis shareholders can expect in the next 12 months, revenue profile, & ALPS acquisition.
01:54 – ACMPR licensed portfolio company Quality Green.
03:04 – ALPS Larssen future deals and global cannabis plan.
04:30 – New York State cannabis legalization.
05:19 – U.S. approach to growing cannabis & greenhouse technology.
05:56 – U.S. federal cannabis regulatory changes.
09:01 – State-by-state competitive landscape.
11:09 – What is the problem in Canada that prevents cannabis companies from making money?

? Website: https://midasletter.com
? Twitter: http://bit.ly/MidasLetterTwitter
? Facebook: http://bit.ly/MidasLetterFacebook
? Instagram: http://bit.ly/MidasLetterInsta
? Podcast: http://bit.ly/MidasLetterPodcast

#WeedStocks
#News
#MidasLetter

source