The Nevada-based company will focus on its US adult market operations and will feature additional product lines under the new name.
Audacious Brand will continue to trade on the Canadian Securities Exchange and the OTC market under the same ticker symbols, AUSA and AUSAF, respectively.
A full brand rollout and launch is planned in the months ahead.
“Audacious as a name for our adult use operations is a much better reflection of our corporate culture and how we execute and operate,” Terry Booth, CEO of Audacious Brand said in a statement. “Audacious stands for doing things differently, courageously breaking with tradition, being bold, brave and confident.
Booth went on to say: “As a company, we are executing on a unique strategy that is very difficult to emulate, while at the same time de-risking our operations. In an increasingly fragmented market with largely converging strategies, it takes an audacious company to stand out. This is who we are, and this is how we operate. The new name also better reflects our motto to ignite, delight and excite our shareholder base and the customers enjoying our products.
Aside from the name change, Audacious Brand also reported the receipt of a license to operate in Missouri. The operations, which are part of the previously announced Green Therapeutics transaction, will see Audacious own 25% of a processing and manufacturing license once the license transfer is complete.
The operation consists of an 8,000 square foot facility for extraction and manufacturing. The Missouri facility will also include