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Australis Capital Inc (CNSX:AUSA) Buys CannaRoyalty Corp (CNSX:CRZ) Share in Wagner Dimas Inc

2,558 views · Published 30 October 2018 · 11:44 · Indexed 23 September 2026

Channel: Midas Letter · 2018 · News & Politics

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Australis Capital Inc (CNSX:AUSA) is a US-based cannabis investment platform and spinoff of Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) (FRA:21P). CFO Mike Carlotti explains that Australis is able to fill a funding gap for American cannabis companies limited by federal prohibition. Australis has signed a definitive agreement to own 22 percent of Wagner Dimas, a California-based pre-roll company, which Australis hopes to grow into other states. Carlotti believes federal de-prohibition is coming and that the upcoming midterms in November will decide how quickly de-prohibition proceeds. If federal law changes, Aurora has the right to acquire a 20 percent share of Australis at a reasonable valuation.

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