Estimated Revenue & Financials. This extraction facility is planned to be established and operating in close proximity to the cultivation site in 2020. TORONTO, May 09, 2019 — (Business Wire) — Halo Labs Inc. (“Halo… Lesotho continues to be the future of the Company’s international growth, unlocking access to one of the World’s largest cannabis grows of up to 205 hectares. Halo is part of the Horizon US Marijuana ETF (HMUS for Canada and HMUS.U for the United States). An aggregate of 275,065 of the Compensation Shares were issued to related parties (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”)) of the Company at an average price of C$0.28 and in satisfaction of C$78,137 of payables owed by the Company. The digitally native brand is rolling out its first TV campaign, consisting of four 30-second ads. AAPL 4. A post shared by Halo Top Creamery (@halotopcreamery) on Jan 29, 2019 at 8:55am PST Unilever introduced Breyers delights , a low-calorie ice cream, … Halo intends to build up its cash position and focus on efficiency while vetting potential acquisition targets. PING. ANM achieved a gross margin of 8.0%, Coastal Harvest achieved a gross margin of 39.7% and HLO achieved a gross margin of 3.9% in the three months ending March 31, 2019. With the issues facing the vaporization industry, the Company has refocused on DabTabs™, concentrates and products outside the vaporization line. DabTabs™ were launched under Halo’s brand, Gilt™. The Company has shifted its focus to building upon their established B2B sales of oil and concentrate products to dispensaries and will scale this through the first half of 2020. ORGANIC GROWTH. This processing facility is expected to be located in Southern Oregon in the Emerald Triangle. Halo Top was founded in 2011 by Justin Woolverton. The Company however is seeking opportunities further down the value chain in potential partnerships and acquisitions of unique CBD products. Franchise owner(s) Original platform(s) Original genre(s) One Piece: 2000 est. Halo Top ice cream is taking the world by storm! Shares down. Continue to build its cash position, with working capital of $19.1 million; Seek strategic acquisition targets that diversify revenue streams, create additional distribution channels, and add value to the Halo brands and product suite; Grow quality of revenue and focus on higher margin products like DabTabs™ and concentrates; Further increase margins in Oregon and California by improving efficiencies and reducing cost of goods sold; Continue the Company’s international growth trajectory with the anticipated signing and closing of the proposed acquisition of Bophelo Bioscience and the aggressive expansion of operations in Lesotho; and. Although Halo believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Key assumptions used herein include, without limitation, that there will be no unexpected delays or costs in connection with the Company’s Cathedral City build out, the Company will be able to identify and negotiate agreements with suitable distribution partners, management’s expectations regarding sales of new products will be realized, the introduction o f a n ERP system and the securing of raw materials will deliver improved margins, a n increased sales force in Nevada will be able to increase distribution effectively, the Company will not encounter any unexpected costs or delays in the completion of a CBD manufacturing facility, the Company’s intended CBD manufacturing facility will be able to achieve production levels currently estimated by management and the Company will be able to identify a suitable location for a CBD manufacturing facility in the Emerald Triangle. For the nine months ended September 30, 2019, revenues were $25.4 million, a 223% increase from the same period last year (nine months to September 30, 2018: $7.9 million). ORGANIC GROWTH. Read our response here. The Agreement specifies pricing and minimum quantities per order by product category of 5 kilograms or more. Now, the ice cream upstart is going traditional. HALO Recognition 's estimated annual revenue is currently $20.3M per year. Your health & safety is our priority, and we're taking COVID-19 very seriously. The Company has issued an aggregate of 10,440,320 common shares (the “Compensation Shares”) to certain directors, employees and independent contractors of the Company in lieu of cash consideration. ©2020 Technical420 LLC – All Rights Reserved. Finally, ice cream for just 280-360 calories per PINT that actually tastes great. Oregon did see a record harvest in the third quarter of 2019, which has allowed for strong sales in concentrates. Halo Top has pretty much conquered the ice cream business. Revenues in the three months ending March 31, 2019 were $8,718,503 (three months to March 31, 2018: $2,168,976), a 302% year on year increase, explained by first time contributions from Coastal Harvest, LLC (“Coastal Harvest”) (California operations) and HLO Ventures (NV), LLC (“HLO”) (Nevada operations) and a 32.8% increase in revenues at ANM, Inc. (“ANM”) in Oregon. Halo 5's launch on October 27 represents only the start for the game. On April 30th, 2019, Halo up listed from the OTCQB Market to the OTCQX Market, the highest tier market that the OTC offers. Nabis currently distributes over 60 brands to more than 650 dispensaries throughout California while providing an intuitive online platform that brings simplicity and efficiency to the cannabis supply chain. The current issues with vape cartridges have caused the Company to pivot from a focus on distillate product to now providing the sale of flower and pre-rolls. Although Halo believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Caliva is a leading company in California’s cannabis industry, holding 14 total cannabis licenses, placing products in more than 200 stores statewide and servicing roughly 700,000 total customers throughout the state. This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Sometimes the flavors tend to be a little … Halo is part of the Horizon US Marijuana ETF (HMUS for Canada and HMUS.U for the United States). What’s more, depending on whom you ask, Halo Top might now be America’s top selling ice cream brand, period. As of July 13th, 2015 Microsoft has sold over 70 million Halo games since its 2001 inception.1 The release of Halo 5: Guardians on October 27th, 2015 pushed Halo's lifetime sales pass $5 billion. Top … While this is an improvement over the same corresponding period, the figure is … Bulk distillate sales are down in California due to issues in the vape industry overall. Halo Top also changed to its current packaging, which prominently features the calories per pint: "pretty, Instagram-able packaging that serves as a billboard on a shelf," says Bouton. 2 Experts in cannabis oil and concentrates NEO: HALO / OTCQX: AGEEF / GERMANY: A9KN ... Halo Annual Revenue by Region (USD Millions) 164%: ORGANIC GROWTH. ORGANIC GROWTH. For the nine months ended September 30, 2019, revenue was $25.4 million, a 223% increase compared to $7.9 million in the same period last year due primarily to the revenues from Halo’s new California operation, Coastal Harvest. DabTabs™ are proprietary ceramic discs that store a pre-measured single dose of either cannabis concentrate or oil. Halo is a shooter franchise for Microsoft's Xbox, Xbox 360 and Xbox One. The facility in Nevada sold 17,681 grams of oil. Halo is a global leader in cannabis oil and concentrates, having produced over 4.5 million grams of oils and concentrates since inception. $1.89 billion (as of 2019) One Piece games – $1.771 billion; Shōnen Jump games – $119.3 million; Bandai Namco Entertainment A post shared by Halo Top Creamery (@halotopcreamery) on Jan 29, 2019 at 8:55am PST Unilever introduced Breyers delights , a low-calorie ice cream, … Investor Relations The forward-looking information and forward-looking statements contained herein may include, but is not limited to, the Company’s primary business objectives for the upcoming year, the expectation to provide updates on new distributor agreements, expected increases to the Company’s margin and the timing thereof, the expectation that DabTabs Go™ will be available under the Company’s Gilt™ brand and available throughout California, Nevada and Oregon in July 2019, the projected growth rate of the CBD market, the expected size of the CBD market in 2022 and the location, completion and production of a hemp processing facility. Build Out of a Southern Oregon Hemp Processing Facility to manufacture bulk CBD distillates and isolates. ... 09/03/2019 - HALO Plans Large Expansion Of New Corporate Headquarters. Conference ID: 9063097. Halo expects the DabTabs Go™ to be available under the Company’s Gilt™ brand and available throughout California, Nevada and Oregon in July 2019. All values USD millions. For the nine months ended September 30, 2019, revenue was $25.4 million, a 223% increase compared to $7.9 million in the same period last year due primarily to the revenues from Halo… For the uninitiated, the company sells healthy ice cream. LE MARS, IOWA —Wells Enterprises, Inc. has entered into a purchase agreement with Eden Creamery, L.L.C. LE MARS, IOWA —Well Enterprises, Inc., has entered into a purchase agreement with Eden Creamery, L.L.C. Make It. ... Halo Top can outsell Ben & Jerry's and Haagen-Dazs. Read more! Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Halo’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Halo’s control. Coastal achieved EBITDA of US $1,865,542, offsetting the operating loss at ANM of US$(618,400) and US $(299,371) at HLO and US $18,511 expenses at Ireland (the second planned Cathedral City facility). Halo Top is light ice cream that actually tastes like ice cream. Oregon has seen a successful third quarter of 2019, showing continued growth and increasing profit margins. All subsequent written and oral forward-looking information and statements attributable to Halo or persons acting on its behalf is expressly qualified in its entirety by this notice. Experts in cannabis oil and concentrates. Like this story? On July 18, 2019, the Company announced its inclusion in the OTC Markets Cannabis Index which trades on the OTCQX Market under the ticker: .OTCQXMJ. Halo is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates, which are the fastest growing segments in the cannabis industry. For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com. The Warrants commenced trading on September 11, 2019 under the symbol HLO.WT.A. Estimated Revenue & Financials. Halo Top ice cream became America's bestselling grocery store pint two years ago. Franchise Year of inception Lifetime revenue Revenue breakdown (est.) Investors can call in and Q&A with Kiranjit Sidhu the Chief Executive Officer and Katharyn Field the Chief Strategy Officer at 4pm EST on May 10, 2019: Participant Toll Free Dial-In Number: (866) 211-3166 All subsequent written and oral forward-looking information and statements attributable to Halo or persons acting on its behalf is expressly qualified in its entirety by this notice. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Halo does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. ORGANIC GROWTH. As of September 30, 2019, the Company had a cash position of $5.8 million, which including restricted cash of $2.0 million. Completion of this transaction will be subject to the satisfaction of certain conditions including the receipt of any requisite regulatory, governmental and stock exchange approvals. On February 26, 2019, Halo launched DabTabs™ Dablets in both Oregon and Nevada followed by California in late March 2019. The Company anticipates closing a final tranche for aggregate gross proceeds of up to C$1.0 million. ANM revenues were US$2,879,769 in the three months ending March 31, 2019 in comparison with US$2,168,976 in 2018. $1.89 billion (as of 2019) One Piece games – $1.771 billion; Shōnen Jump games – $119.3 million; Bandai Namco Entertainment Valve has revealed which games made the most bank on Steam in 2019, and there are more than a few familiar names at the top of the list. Halo Top's New Recipe Delivers a Creamier Texture for All Seven Non-Dairy Flavors. I 10. Halo is now trading on multiple exchanges including a recent up listing to the OTCQX. UVI is a cannabis distribution, processing and manufacturing company providing biomass procurement and value-added services such as drying, trimming, packaging, freezing and storing cannabis. California continues to be the driving force behind Halo’s revenue growth. ANM achieved a gross margin of 40%, Coastal Harvest achieved a gross margin of 26% and HLO achieved a gross margin of -7% in the nine months ended September 30, 2019. The increase in revenue for the three months ended September 30, 2019 compared to the same period in 2018 was due primarily to an increase of 532,838 grams of distillate sold and an increase of 23,250 grams of shatter sold. Halo Labs Justin Woolverton, CEO and founder of Halo Top, said, “We’re thrilled to join the Wells family. With the implementation of new, proprietary products (e.g. The Company will continue to target turn-key operations, whereby the target company brings positive cash flow into the consolidated business. At this time, the Company has decided to halt and re-evaluate its entrance into the hemp extraction business, as the market has seen a massive price decline on hemp products. Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. Increase distribution of Gilt™ and Hush™ branded products into California dispensaries by selecting additional distribution partners for Central and Northern California. Conference ID: 5929655. Catherine Clifford @CatClifford. ORGANIC GROWTH. However, it’s worth noting that Halo: MCC also ranked in Steam’s Top Sellers of 2019 list, which includes the games earning the most revenue in 2019. Halozyme Therapeutics, Inc. HALO) reported third-quarter 2019 loss of 17 cents per share, wider than the Zacks Consensus Estimate of a loss of 12 … The second tranche of 6,442,672 Compensation Shares was issued on November 13, 2019 at a price of C$0.26 per share and in satisfaction of C$1,675,096 of payables owed by the Company. Subscribe now and learn how you can capitalize on the Green Age! Participant International Dial-In Number: (647) 689-6581 After commencing only in November 2018, the facility in California produced 296,283 grams of distillate and 268,709 grams of live resin this quarter. Continue to increase margins in Oregon with launch of additional innovative products including premium clear concentrates. Elsight (ASX: ELS) has posted a 100% increase to its March quarter 2019 revenue compared to the same period in 2018 – driven by the commercialisation of its advanced communication technologies. Microsoft plans to launch more than 15 free DLC maps by summer 2016 , while the $1 million Halo … Franchise Year of inception Lifetime revenue Revenue breakdown (est.) On August 19, 2019, the Company announced a collaboration with ilo Vapor™ (“ilo”) to launch Levätä™, an alternative wellness brand focused on utilizing DabTabs™ technology to create a unique measured dose CBD consumption solution. HALO Recognition 's estimated annual revenue is currently $20.3M per year. Bophelo has secured third party funding of over $1.0 million being used in part to erect and plant an initial hectare that is projected to be fully implemented in the fourth quarter of 2019. The Index’s goal is to highlight for investors the diversity of Cannabis companies that meet the financial, disclosure, and corporate governance standards required to trade on the OTCQX Market. SPY 3. In the United States, Halo Labs will continue to build on its prevailing position as one of the country’s leading cultivators, producers and manufacturers of high-quality cannabis and cannabis related products. Total revenue in the three months ended September 30, 2019 was $7.2 million (three months to September 30, 2018: $3.6 million), a 99% year on year increase, explained by contributions from Halo’s Oregon operations, ANM Inc (“ANM”) and the new operations of HLO Ventures, LLC in Nevada (“HLO”) and Coastal Harvest, LLC in California (“Coastal Harvest”). Cautionary Note Regarding Forward-Looking Information and Statements. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories. On August 28, 2019, the Company announced a proposed purchase of a 17.5% equity interest in Ukiah Ventures Inc (“UVI”). The total contribution to EBITDA from operations was $929,260. The increase in revenues is explained by a 280% increase in grams of oil sold and a 6% increase in average achieved price in comparison with the three months ending March 31, 2018. On September 13, 2019, the Company entered into a bulk supply agreement with Caliva to provide bulk distillate, bulk live resin and live resin packaged as finished products. When Halo Top scooped the competition to become the #1 selling pint of ice cream in the U.S. this past summer, industry experts knew they were … 9%. Halo is now trading on multiple exchanges including a recent up listing to the OTCQX. Halo Top ice cream is taking the world by storm! Halo Top offers ice cream for just 280-360 calories per PINT. Source: Trulieve Reports Another Quarter of Record Revenue, May 28, 2019 Excluding the contributions of the new operations, HLO and Coastal Harvest, the increase in grams of distillate and shatter sold in those periods in Oregon were 19% and a 13% respectively. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Labor included in the cost of goods sold represented 8.7% of revenues (three months ending March 31, 2018: 17.8%), a substantial improvement. Halo expects to release updates on new distributor agreements to increase distribution of bulk and branded products further fueling success in the California market. Halo launched a line of cannabis edibles products in Oregon in November of 2018, featuring single piece chews and a syrup-based drink. As Halo Top continues to mature, Wells’ expertise in everything from operations, to managing brands, to making ice cream products for over a century will help Halo Top become an even better product and stronger brand. Increase distribution in Nevada driven by additional sales force members. Distillate is now being sourced for less and will by the end of Q2 result in normalized margins in Nevada and a further increase in gross margin. 3 min read. Oregon alone experienced an increase in grams sold (28%) and price increase (4%). HaloWaypoint.com to oficjalna strona uniwersum Halo, główna ostoja społeczności, na której znaleźć można najnowsze informacje dotyczące Halo, multimedia i wieści od 343 Industries. 6. The forward-thinking company is led by a strong management team with deep industry knowledge and blue-chip experience. The branded product portfolio includes distillate and live resin products in addition to live resin dab tabs sold under Hush. Testing represented 1.5% of revenues (three months ending March 31, 2018: 8.2%), again a strong improvement. Halo Top’s five-figure growth was head-and-shoulders above the pack, but No. is not a licensed broker-dealer, market maker, investment advisor, or underwriter. Halo has expertise in all major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 3.5M grams of oils and concentrates since inception. On July 22, 2019, Halo launched the Shatterizer™, the first custom vaporizer device designed for the DabTabs™ Dablets™. Halo Top General Information Description. StreetInsider.com Top Tickers, 11/14/2019. The company is famous for its low-calorie, high-protein and low-sugar ice cream! 332%. /CNW/ - Halo Labs Inc. ("Halo" or the "Company") today announced its financial and operational results for the three months ended September 30, 2020. ORGANIC GROWTH. 5 Cannabis Sector M&A Transactions That Caught Investors Attention, Halo Signs Deal to Acquire Winberry Farms, Halo Labs Reports Record Third Quarter 2020 Financial Results Reports Positive EBITDA and Operating Cash Flow, MediPharm Labs Enters New GMP Manufacturing Deal with Sunco Green Pharmaceutical Pty Ltd. in Australia, This Is Why HEXO Corp. Is In Full Blown Rally Mode, Medipharm Labs Is Taking A “Personalized” Approach To Treating Chronic Kidney Disease Leveraging Cannabinoids, Israel Will Be One Of The Cannabis Sectors Major International Growth Markets To Watch In 2021, Finish California build out by launching 2. 1. The cash used for operations in the three months ended September 30, 2019 was $3.0 million. As of July 13th, 2015 Microsoft has sold over 70 million Halo games since its 2001 inception. Gross margin has seen an increase to 41%, up from 16% during the second quarter of 2019, throughout all operations as the Company experienced a gain in biological assets as well as streamlined processes and reduced direct costs.
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