LAS VEGAS, Oct. 29, 2019 /PRNewswire/ – Australis Capital Inc. (CSE: AUSA OTC: AUSAF) (“AUSA” or the “Business”) is pleased to announce the formation of Cocoon Technologies LLC (“Cocoon”), a cloud-primarily based, self-service fulfillment platform and wholly-owned subsidiary of AUSA. Created to improve the customer expertise and lessen labor expenses, Cocoon delivers operational efficiency to dispensaries whilst enhancing order fulfillment, money management, bankcard acceptance, information analytics, buyer loyalty, marketing and advertising, privacy, and compliance. Cocoon’s Platform-as-a-Service model delivers contracted recurring income, a single-time income, exclusive multi-year agreements, enhanced item offerings and an comprehensive runway of future innovations.
With the launch of CocoonPod®, Cocoon unites state-of-the-art self-service kiosks with mobile applications, platform agnostic integrations into top enterprise resource organizing (ERP)/enterprise management systems, and payment providers. CocoonPod® characteristics customer-facing kiosks as stand-alone units or multi-unit pods as the core customer point-of-interaction (POI), coupled with a customer mobile application and tablet for employee assisted self-service transactions, offering a complete omni-commerce answer for brick-and-mortar places.
“The advantages of deploying self-service technologies have been demonstrated across all brick-and-mortar retail sectors in the United States and AUSA’s management expertise and leadership in self-service technologies positions AUSA for instant good results across North America,” states Michael Carlotti, Chief Monetary Officer of AUSA. “The estimated industry chance for kiosk sales to dispensaries in the United States more than the subsequent 5 years is 50,000 units with a recurring income model primarily based on a percentage of sales initiated inside CocoonPod®. Cocoon has met with top Multi-State Operators (MSO) and concentrate groups with conservative assumptions suggesting 60-80% of returning consumers will decide on to initiate their obtain via a self-service POI.”
CocoonPod® functionality delivers lowered transaction occasions, privacy, coin-significantly less money recycling, payment gateway, ATM processing, ID validation, QR codes, customer loyalty, charitable donations, and a lot of marketing and advertising possibilities via a dynamic user interface. By integrating Coil®, a loyalty and information application constructed by AUSA’s wholly-owned subsidiary Rthm Technologies (“Rthm”), CocoonPod® also delivers completely integrated loyalty functionality for shoppers, now branded as CocoonRewards®.
“Due to the fact getting acquired by AUSA the Rthm group has made the industry’s most effective information-driven mobile loyalty application which will integrate straight inside the CocoonPod® platform offering operators and shoppers a user expertise and point-of-obtain solutions never ever just before readily available,” states Alex Mosa, President of Rthm. “We are excited to release this impactful item into the U.S. industry.”
CocoonPod® self-service kiosks and integrated type variables have been created in partnership with Passport Technologies Inc. (“Passport”), the International award-winning technologies provider to brick-and-mortar casinos and hospitality. With more than a decade of expertise establishing robust, intuitive, aesthetically pleasing self-service kiosk technologies, payment applications, loyalty rewards, compliance applications, and opt-out optionality to extremely regulated and higher targeted traffic industries, Passport’s reputation of establishing and supporting these technologies is unparalleled.
“As the sector continues to expand, retailers seek possibilities to streamline operations and improve customer experiences. CocoonPod® is the future for extremely regulated brick-and-mortar environments exactly where privacy, Know Your Consumer (KYC), Anti-Income Laundering (AML), and social duty are crucial,” states Kurt Sullivan, President of Passport. “Our partnership with Cocoon will straight away address identified discomfort points whilst introducing new functionality for all stakeholders inside the dispensary and retail eco-technique.”
About Australis Capital Inc.
AUSA operates and builds transformative, differentiated cannabis companies in and serving the cannabis industry predominantly in the United States, a extremely-regulated, fragmented, and swiftly expanding sector. AUSA adheres to stringent evaluation and operating criteria focusing on higher-top quality possibilities whilst keeping a steadfast commitment to governance and neighborhood. AUSA’s Board and management team have material expertise with, and know-how of, the cannabis space in the U.S., comprehensive backgrounds in extremely-regulated industries and regulatory compliance. AUSA operating and portfolio assets include things like Rthm Technologies Inc., Physique and Thoughts Inc., High quality Green Inc., Folium Biosciences, Wagner Dimas, Mr. All-natural Inc., Green Therapeutics, LLC and Cocoon Technologies LLC.
The Company’s Frequent shares trade on the CSE beneath the symbol “AUSA” and on the OTCQX beneath the symbol “AUSAF”.
For additional information and facts about AUSA, please pay a visit to the site at ausa-corp.com or get in touch with the Business by e-mail at [email protected]
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
Forward-Hunting Information and facts Statement
This news release consists of statements and information and facts that, to the extent that they are not historical reality, constitute “forward-hunting information and facts” inside the which means of applicable securities legislation. Forward-hunting information and facts is primarily based on the affordable assumptions, estimates, evaluation and opinions of management produced in light of its expertise and its perception of trends, present circumstances and anticipated developments, as nicely as other variables that management believes to be relevant and affordable in the situations at the date that such statements are produced, but which may possibly prove to be incorrect.
Forward-hunting information and facts includes identified and unknown dangers, uncertainties and other variables that may possibly lead to the actual benefits, overall performance or achievements of the Business to differ materially from any future benefits, overall performance or achievements expressed or implied by the forward-hunting information and facts. Accordingly, readers must not spot undue reliance on any such forward-hunting information and facts. Additional, any forward-hunting statement speaks only as of the date on which such statement is produced. New variables emerge from time to time, and it is not doable for the Company’s management to predict all of such variables and to assess in advance the effect of every single such aspect on the Company’s enterprise or the extent to which any aspect, or mixture of variables, may possibly lead to actual benefits to differ materially from these contained in any forward-hunting statements. The Business does not undertake any obligation to update any forward-hunting information and facts to reflect information and facts, events, benefits, situations or otherwise soon after the date hereof or to reflect the occurrence of unanticipated events, except as necessary by law which includes securities laws. This press release shall not constitute an offer you to sell or the solicitation of an offer you to obtain securities.
The CSE has neither authorized nor disapproved the contents of this news release. Neither the CSE nor its Regulation Solutions Provider (as that term is defined in the policies of the CSE) accept duty for the adequacy or accuracy of this release.
Supply Australis Capital Inc.