Edison Investment Research - Australis Capital (AUSA) Australis Capital - Company update on Folium and Cocoon

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Edison Investment Research

Sean Conroy

Australis Capital - Company update on Folium and Cocoon

On 26 February 2020 Australis Capital hosted a corporate update conference call. Management provided more color on the cancelled Folium merger and cited both the declining price of CBD and undisclosed issues that were uncovered during its due diligence process as the reason for the cancelation. Additionally, the company provided an update on Cocoon Technology, which just received its first order for 32 kiosks to be deployed at eight locations in Nevada.

03/03/2020 6 EN

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Australis Capital

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Sean Conroy

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Australis Capital - Folium merger cancelled

Australis Capital announced on 18 February 2020 that the proposed merger with Folium Biosciences would be called off following the discovery of â€˜new relevant information with regard to Folium.â€™ Further details have not been disclosed. Australis previously planned on divesting its THC associated assets, which we now assume will not proceed following the termination of the merger agreement.

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Australis Capital - Company update on Folium and Cocoon

Australis Capital - Folium merger cancelled

Australis Capital - Australis to reverse merge with Folium

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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