Australis Capital Expands Leadership Team

Published: November 27, 2018

Australis Capital Expands Leadership Team

Australis Capital Inc. announced the addition of Cleve Tzung, Senior Vice President, Mergers and Acquisitions and Daniel Norr, Senior Vice President and General Counsel.

“The appointments of Cleve and Dan further strengthen Australis’ agility and execution capabilities, and position us well for success in the United States,” stated Scott Dowty, Chief Executive Officer of Australis. “Their corporate and entrepreneurial experience, as well as their proven track-records with large organizations such as Mattel and the Marshall Retail Group, are a great fit as Australis deepens and differentiates its operational team. With our increased capitalization, we are pursuing numerous exciting growth opportunities that we have identified. We believe that we will be able to complete these transactions at attractive valuations that will deliver shareholder value now and into the future.”

Cleve Tzung joins Australis as Senior Vice President, Mergers and Acquisitions. With over 20 years of experience in M&A transactions, partnerships, investments and strategic planning, Mr. Tzung will build upon Australis’ strategy for aggressive, expansive acquisitions of assets positioned for accelerated growth. Mr. Tzung was most recently head of Corporate Development at Mattel, where his team accounted for over $1 billion in brand and product acquisitions, as well as the successful integration of these acquisitions into the day-to-day operations. Additionally, Mr. Tzung was a major contributor in the formulation of corporate strategy as a member of PepsiCo’s strategic planning group.

“Australis presents an exciting opportunity to build a significant business with selective and strategic acquisitions in the rapidly growing and evolving cannabis industry,” said Cleve Tzung, Senior Vice President, Mergers and Acquisitions at Australis. “Execution, vision and operational excellence will be key to value creation. Australis is ideally positioned to deliver on this through a world-class team with a track record of execution, access to capital and the additional expertise available through the historic relationship with Aurora Cannabis.”

Daniel Norr joins Australis as Senior Vice President and General Counsel, with 20 years of experience in corporate law, business formation, business transactions, joint ventures, leasing, license agreements, deal development and negotiations, dispute resolution and commercial litigation. Dan was the first General Counsel for the Hard Rock Hotel & Casino, Las Vegas and the Marshall Retail Group, a diverse retail operator that operates more than 170 stores across the United States and in Canada.

“I’m excited to join Australis and participate in the transformation of cannabis into products serving a variety of needs — both recreational and medical,” said Daniel Norr, Senior Vice President and General Counsel at Australis. “Scott and the team at Australis bring a compliance-first culture to that transformation, which will ensure Australis is a solid partner in every state in which it invests and operates. This culture will ensure Australis can pursue its vision while developing operating practices on a state-by-state basis, which is an exciting legal challenge for me personally.”

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