AUSTRALIS Completes Definitive Agreement to Acquire Green Therapeutics LLC News provided by Share this article Foundational Asset in AUSA's Multi-State Footprint Acquisition Agreement Includes Resolution of Litigation by Unwinding Original Transaction LAS VEGAS, March 12, 2021 /PRNewswire/ - Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) ("AUSA" or the "Company") today announced that, further to the Company's press release of January 5, 2021, AUSA has entered into a definitive agreement on March 11, 2021 with, among others, Green Therapeutics LLC ("GT") and the holders of the issued and outstanding membership interests of GT concerning the acquisition of GT. The transaction will be completed in two parts, the first being the acquisition of a subsidiary of GT (the "Subsidiary") containing a number of unregulated assets including the GT brands and certain ancillary agreements including brand licensing and management agreements. Subsequently, subject to regulatory approval, the Company will complete the acquisition of GT itself (the "Subsequent Closing"). In conjunction with, and as a condition to the completion of the acquisition of the Subsidiary (the "Initial Closing"), the parties have agreed to settle a previously announced legal dispute which will be formally discharged contemporaneously with the Initial Closing, expected later this month.