LAS VEGAS, Oct. 29, 2019 /PRNewswire/ – Australis Capital Inc. (CSE: AUSA OTC: AUSAF) (“AUSA” or the “Enterprise”) 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 knowledge and lessen labor fees, Cocoon delivers operational efficiency to dispensaries when enhancing order fulfillment, money management, bankcard acceptance, information analytics, consumer 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 in depth 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 arranging (ERP)/small business management systems, and payment providers. CocoonPod® functions 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, giving a complete omni-commerce answer for brick-and-mortar areas.
“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 knowledge and leadership in self-service technologies positions AUSA for instant accomplishment across North America,” states Michael Carlotti, Chief Monetary Officer of AUSA. “The estimated marketplace 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 pick to initiate their buy via a self-service POI.”
CocoonPod® functionality delivers decreased transaction occasions, privacy, coin-significantly less money recycling, payment gateway, ATM processing, ID validation, QR codes, customer loyalty, charitable donations, and quite a few 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 gives completely integrated loyalty functionality for buyers, now branded as CocoonRewards®.
“Considering the fact that getting acquired by AUSA the Rthm group has developed the industry’s most potent information-driven mobile loyalty application which will integrate straight inside the CocoonPod® platform giving operators and buyers a user knowledge and point-of-buy 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. marketplace.”
CocoonPod® self-service kiosks and integrated type elements 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 knowledge building robust, intuitive, aesthetically pleasing self-service kiosk technologies, payment applications, loyalty rewards, compliance applications, and opt-out optionality to hugely regulated and higher website traffic industries, Passport’s reputation of building and supporting these technologies is unparalleled.
“As the market continues to expand, retailers seek possibilities to streamline operations and improve customer experiences. CocoonPod® is the future for hugely regulated brick-and-mortar environments exactly where privacy, Know Your Buyer (KYC), Anti-Income Laundering (AML), and social duty are vital,” states Kurt Sullivan, President of Passport. “Our partnership with Cocoon will straight away address recognized discomfort points when 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 marketplace predominantly in the United States, a hugely-regulated, fragmented, and swiftly expanding market. AUSA adheres to stringent evaluation and operating criteria focusing on higher-excellent possibilities when preserving a steadfast commitment to governance and neighborhood. AUSA’s Board and management team have material knowledge with, and information of, the cannabis space in the U.S., in depth backgrounds in hugely-regulated industries and regulatory compliance. AUSA operating and portfolio assets incorporate Rthm Technologies Inc., Physique and Thoughts Inc., Good quality Green Inc., Folium Biosciences, Wagner Dimas, Mr. All-natural Inc., Green Therapeutics, LLC and Cocoon Technologies LLC.
The Company’s Prevalent shares trade on the CSE beneath the symbol “AUSA” and on the OTCQX beneath the symbol “AUSAF”.
For additional facts about AUSA, please pay a visit to the web-site at ausa-corp.com or speak to the Enterprise by e-mail at [email protected]
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer
Forward-Seeking Details Statement
This news release consists of statements and facts that, to the extent that they are not historical reality, constitute “forward-seeking facts” inside the which means of applicable securities legislation. Forward-seeking facts is primarily based on the affordable assumptions, estimates, evaluation and opinions of management produced in light of its knowledge and its perception of trends, existing circumstances and anticipated developments, as effectively as other elements that management believes to be relevant and affordable in the situations at the date that such statements are produced, but which might prove to be incorrect.
Forward-seeking facts entails recognized and unknown dangers, uncertainties and other elements that might lead to the actual benefits, functionality or achievements of the Enterprise to differ materially from any future benefits, functionality or achievements expressed or implied by the forward-seeking facts. Accordingly, readers must not location undue reliance on any such forward-seeking facts. Additional, any forward-seeking statement speaks only as of the date on which such statement is produced. New elements emerge from time to time, and it is not feasible for the Company’s management to predict all of such elements and to assess in advance the influence of every single such aspect on the Company’s small business or the extent to which any aspect, or mixture of elements, might lead to actual benefits to differ materially from these contained in any forward-seeking statements. The Enterprise does not undertake any obligation to update any forward-seeking facts to reflect facts, events, benefits, situations or otherwise soon after the date hereof or to reflect the occurrence of unanticipated events, except as necessary by law like securities laws. This press release shall not constitute an give to sell or the solicitation of an give to obtain securities.
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