AP NEWS
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

HALO Labs: Building A Cannabis Concentrate & Oil Empire -- CFN Media

April 9, 2019

SEATTLE, WA, April 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article and on-site video discussing Halo Labs Inc. (NEO: HALO) (OTC: AGEEF) (Germany: A9KN). HALO is a cannabis extraction company founded in 2016 in Oregon with operations in California and Nevada. As an early manufacturer of high-quality cannabis oils and concentrates, the company has produced over three million grams of product since its inception, making it one of the largest cannabis concentrate manufacturers in the country. Investors have the opportunity to participate in this growth story following its public listing on the NEO exchange and more recently on the US OTC Market.

Concentrates are the fastest growing segment of the cannabis industry, according to Arcview Market Research, with sales growing nearly 50 percent to about $3 billion last year in the US. As consumers seek out discreet and healthier consumption methods, the market intelligence firm predicts that US concentrate sales will reach $8.4 billion by 2022 and surpass dried flower as the most popular consumption method for patients and consumers.

CFN Media traveled to Medford Oregon to film the company’s operation and speak with CEO Kiran Sidhu.

Please click here to see the Full Video.

Recent Expansion into California & Nevada

Halo Labs has been rapidly expanding across the country with new operations in California and Nevada. In fact, the company recently reported three consecutive months of record revenue including $2.4 million in revenue during January, $2.6 million in revenue during February, and $2.8 million in revenue in March 2019, with over half of those figures coming from newly launched California operations. These three months combined account for over 50% of total revenues generated in 2018, putting Halo on a trajectory that boasts over 300% growth. With a 15,500 sq. ft. facility in Cathedral City, the company has signed contracts to deliver concentrates worth more than $4 million per month in the state.

In Nevada, the company acquired two licenses for manufacturing and cultivation with a pending license for distribution. The team is selling one private label and two in-house brands across 18 dispensaries with its 8,000 sq. ft. licensed processing facility near the Las Vegas airport. Given the state’s massive tourism industry, these sales could become a meaningful part of its total revenue over the near-term.

In addition to California and Nevada, the company has established international partnerships in Africa. These partnerships include a 14-hectare land package off-take agreement and a 20 percent stake and $0.50 to $2.00 royalty on a signed letter of intent in Lesotho Africa. Management is also in active discussions with potential European-based partnerships that could diversify and enhance its revenue.

Leading Market Position in Concentrates

Halo Labs has established a dominant position in Oregon’s concentrates market over the past three years with both white label and in-house brands. With a 20 percent market share in wholesale concentrates, the company has produced over two million grams of concentrate and generated over $25 million in revenue with its 19,200 sq. ft. facility in Medford and six acres of outdoor canopy in Jackson County.

The company has developed expertise in all four major extraction processes, including butane, propane, supercritical CO2, and proprietary solvents. Each of these methods has their own benefits and product categories, which provides the company with more flexibility than others focused on a single extraction method. This is especially important in white label markets where there are a wide variety of requirements among clients.

In addition to these extraction methods, the company has developed innovative new products that are redefining the way consumers use cannabis. Notably, the company has exclusive rights in California and Nevada to DabTabs™. DabTabs™ are proprietary ceramic discs that store a pre-measured dose of either cannabis concentrates or oils to provide a cleaner, smoother, mess-free way to consume full spectrum cannabis concentrates in almost any dabbing device on the market.

Looking Ahead

Halo Labs Inc. (NEO: HALO) (OTC: AGEEF) (Germany: A9KN) is well positioned to capitalize on the fastest growing segment of the cannabis industry with operations in Oregon, California, Nevada and international markets. With the expansion already generating meaningful revenue, investors may want to take a closer look at the company as it continues to scale up its business and expand into new markets with innovative products.

For more information, visit the company’s website at www.halocanna.com.

Please follow the link to read the full article on CFN: https://www.cannabisfn.com/halo-labs-building-a-cannabis-concentrate-empire/

About CFN Media

CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.

Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany

Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8

Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

Contact: Frank Lane 206-369-7050 flane@cannabisfn.com