Las Vegas, NV, September 9, 2020 – RapidCash (“RCAL”) is pleased to announce that Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA”) and its subsidiary Cocoon Technology have successfully installed CocoonPod self-service kiosks at THRIVE Cannabis Marketplace in Las Vegas, NV. This location is the first of eight operated by THRIVE to have CocoonPod installed.
RCAL was selected by Passport Technology Inc. for the development of the kiosk software as we directly or have partnered on several fintech applications and offer unparalleled support, industry experience, and software development expertise. The software development team from RCAL worked closely with Passport Technology Inc. and AUSA over the last eight months for kiosk/admin panel software development and testing to ensure project requirements/scope were met and completed on time.
Additionally, RCAL supplied contactless self-service kiosks to AUSA at this site and going forward.
“Thrilled to see what was once a concept from the c-suite of AUSA and is now a reality and operating. The timing is right for full-service contactless kiosks and so very proud of the work our team has done in the completion of this exciting project,” states Bill Eaton, President of RapidCash ATM.
“This is an exciting time for Cocoon Technology and RCAL,” said Max Aceituno, Chief Marketing Officer at AUSA. “With the installation at the first THRIVE location, we are seeing a lot of interest from other dispensaries looking to implement self-service technology in their locations.”
Cocoon Technology delivers interactive unattended kiosks for consumers and retailers with rich feature functionality encompassing mobile, order ahead, online delivery, loyalty, rewards, data analytics, e-wallet, ATM functionality, and cash recycling technology. Built on a cloud-based platform, Cocoon integrates with dispensary Enterprise Resource Planning (ERP) systems allowing for seamless operational efficiencies and revenue generation.
About RapidCash ATM
Founded in 2000, RapidCash ATM Ltd (RCAL) has grown to become one of the largest independently owned ATM networks operating throughout much of Canada, with well over 1000 operating ATMs/kiosks in a variety of industries and retail settings processing over 10 million transactions annually. With multiple offices throughout Canada, factory trained technicians, a fleet of armored vehicles, a software development team, a unique switching platform and a number of custom designed ATM applications, RCAL has positioned itself to become the preeminent cash solutions provider from enterprise to retail and to be at the forefront of payment innovations and applications in the ATM/fintech industry.
About Australis Capital Inc.
AUSA invests in, operates and builds differentiated companies primarily in the cannabis industry. AUSA focuses on significant near and mid-term opportunities with strong return potentials. AUSA’s assets include Cocoon Technology, a cloud-based, self-service point of sale kiosk designed for cannabis dispensaries and other highly-regulated industries. The purpose-built platform features data analytics, privacy, security and regulatory compliance to drive enhanced consumer experience and generate incremental revenue for dispensary owners. AUSA’s assets also include Body and Mind Inc., Quality Green, and Folium Biosciences.
The Company’s Common shares trade on the CSE under the symbol “AUSA” and on the OTCQB under the symbol “AUSAF”.