Deal Snapshot
AUSTRALIS CAPITAL TO ACQUIRE PAYTRON MERCHANT SERVICES
Friday 07 February 2020

Canada-based cannabis-focussed investment company Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) has entered into a letter of intent (LOI) to acquire 100% of omnichannel payment services provider Paytron, LLC to expand the existing service offering of the Cocoon Technology platform, the company said.
Upon completion of the acquisition, Paytron will continue to operate as an ISO and become the payment branch for Cocoon Technology, an operating subsidiary of AUSA.


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Details
Date Published: 07/02/2020
Target: Paytron, LLC
Country: Canada
Sector: Banking/Financial Services
Type: LBO
Financing:
Status: Agreed
Vendor:
Buyer: Australis Capital Inc
Comment:
Terms of the deal were not disclosed

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