Australis Capital Inc. announced that the Company has now formally completed its submission to the New Jersey Cannabis Regulatory Commission to convert its conditional licenses to Annual Adult Usage Cultivation and Manufacturing licenses. Once received, the annual licenses allow AUDACIOUS to grow, manufacture, sell, purchase and distribute adult use cannabis from Millville facility in the State of New Jersey. The process towards obtaining the New Jersey license is complex and requires the submission of significant detailed information.

NJCRC application requirements include: Social Equity, Inclusion and Diversity Commitments, Municipal approvals, confirmation of location secured in Millville, Engineering and Design Specifications, Engineered Drawings, Standard Operating Procedures, Security Systems, Environmental Protection Protocols, Seed to Sale Tracking, etc.