AUDACIOUS has entered into a definitive agreement with Golden Triangle Health on a strategic partnership that marks the company's first foray into the Asian market. GTH is a majority owned subsidiary of Thai public company NRF instant PCL with a market capitalization of CAD 440 million. Ultimately, the partners intend to supply major CPG companies with B2B white label and branded products.

In the meantime, the two companies are working towards completing the transaction and setting in motion a broader commercial program to expand throughout Asia and beyond. AUDACIOUS has sold a first shipment of CBD hemp seeds to GTH, which helps it expand its product portfolio. The hemp seeds will be cultivated and used for food products as well as CBD isolate extraction.