Australis Capital (CSE:AUSA,OTCQB:AUSAF) announced the acquisition of cannabis retail brand Mr. Natural Productions based in California.
As quoted in the press release:
This acquisition includes the rights to the Mr. Natural brand, the life story right of Robert Luciano and all related intellectual property, including proprietary processes in a deal valued for US$1.3 million and royalty payments based on future performance incentives.
Built on one of the most impactful life stories in the cannabis industry, the Mr. Natural brand is poised to leverage its classic cannabis and rich history to gain an international following of cannabis connoisseurs. Mr. Natural products are currently available in Kolas Dispensaries and dispensaries affiliated with CC101 in Northern California, with discounts provided for veterans. The new partnership with Australis will see the Mr. Natural brand expand where legalities permit, with a line of premium products, including cannagars, rosin and pre-rolls, slated for launch in Nevada later this year.