Halo Collective confirms stock symbol goes to HCANF

TORONTO, November 30, 2021 / CNW / – Halo Collective Inc. (“Halo” or the “Company”) (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announced that the Company’s ticker symbol has reverted to “HCANF” following the 20-day Post-Consolidation Trading Period associated with the previously announced share consolidation. The Financial Industry Regulatory Authority Inc. (FINRA) temporarily adds the letter “D” to the root symbol of all OTC equity securities that are reverse split with a CUSIP change to alert investors that the security has recently been the subject of such company action. Halo’s common stock CUSIP number is 40638K507.

www.haloco.com (CNW Group / Halo Collective Inc.)

Additional details regarding the reverse stock split and its effect on the authorized and outstanding common shares of Halo can be found in Halo’s press release issued on October 6, 2021.

About Halo Collective Inc.

Halo is a leading, vertically integrated cannabis company that grows, extracts, manufactures and distributes quality cannabis flowers, oils and concentrates and has sold approximately eleven million grams of oils and concentrates since its inception. . The company continues to grow and evolve effectively, partnering with trusted industry leaders who value Halo’s operational expertise to bring leading products to market.

Halo is currently operating in United States in Oregon and California. The Company sells cannabis products primarily to dispensaries in the United States under its Hush brands, Mojave, and Exhale, and under licensing agreements with Papa’s Herb®, DNA Genetics, Terphogz and FlowerShop *, a cannabis lifestyle and conceptual wellness brand that includes G-Eazy as a partner and member key.

As part of continued expansion and vertical integration in the United States, Halo has multiple growth operations across Oregon and two planned in California. In Oregon, the company has a total of 11 acres of both owned and contracted outdoor and greenhouse cultivation, including East Evans Creek, a six-acre grow site in Jackson County with four licenses owned and operated by Halo and two third party licenses contracted to sell all of their products to Halo; Winberry Farms, a one-acre cultivation site located 30 miles outside of Eugene in Lane County with a license owned and operated by Halo; and William’s Wonder Farms, a three-acre cultivation site in Applegate Valley, under contract to sell all of its produce to Halo pending the completion of Halo’s acquisition of its licenses and business assets. Halo recently acquired Food Concepts LLC, a principal tenant of a 55,000 square foot indoor cannabis cultivation, processing and wholesale facility in Portland, Oregon operated by Pistil Point entities.

In California, the company is building Ukiah Ventures, a 30,000 square foot indoor cannabis cultivation and processing facility, which aims to include up to five additional acres of industrial land to expand the site. Recently, Halo partnered with Green Matter to California buy the farm in Lake County, developing up to 63 acres of cultivation, comprising one of the largest single licensed sites growing in California. Halo also plans to expand its operations in California by opening three dispensaries under the Budega ™ brand in North Hollywood, Hollywood, and Westwood.

In Canada, Halo has acquired three KushBar cannabis retail stores located in Alberta as a first in its expected entry into the Canadian market, leveraging its Oregon and Californian brands. With KushBar retail stores as a foundation, the company plans to expand its presence in Canada.

Halo has also acquired a range of software development assets including CannPOS, Cannalift, and most recently CannaFeels. Additionally, Halo has Accudab discrete sublingual dosing technology. The Company intends to transfer these assets and its intellectual property and patent applications to its subsidiary Halo Tek Inc. and expects to complete a distribution to shareholders on a record date to be determined by Halo.

Halo recently completed the sale of some of its non-U.S. Businesses to Akanda Corp., whose mission is to provide high-quality, ethically-sourced medical cannabis products to patients around the world. As an independent company, Akanda seeks to deliver on this promise while fostering positive change in well-being, empowering individuals in Lesotho, and improve the quality of life of employees and the local communities where it operates, while limiting its carbon footprint. Akanda combines the large-scale production capabilities of Bophelo Bioscience & Wellness Pty. Ltd., a Lesothogrowing and processing campus located in the world’s first Special Economic Zone (SEZ) containing a cannabis cultivation operation, with distribution and marketing efficiency from CanMart Ltd., a fully approved UK-based pharmaceutical importer UK and distributor who supplies pharmacies and clinics in UK. With a maximum licensed canopy area of ​​200 hectares (495 acres), Bophelo has arguably unmatched scalability in the world today. Following the sale, Halo is Akanda’s largest shareholder.

For more information on Halo, see Halo’s backgrounders on SEDAR at www.sedar.com

Connect with Halo Collective: E-mail | Website | LinkedIn | Twitter | Instagram

Caution regarding forward-looking information and statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements which may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform. United States Act. of 1995. These forward-looking information and statements are not representative of historical fact or information or the current state of affairs, but represent only Halo’s beliefs regarding future events, plans or objectives, many of which by their nature. nature, are inherently uncertain and beyond Halo’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget” , “Expected”, “believes”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will continue”, “will take place” or “will be achieved”.

By identifying such information and statements in this manner, Halo is warning the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by these. information. and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Although Halo believes that the assumptions and factors used in the preparation, and the expectations contained in, the forward-looking information and statements are reasonable, such information and statements should not be relied on unduly, and no assurance or guarantee can be given. given that these forward-looking information and statements prove to be correct, as actual results and future events could differ materially from those anticipated in such information and statements. Among others, the key factors that could cause actual results to differ materially from those projected in forward-looking information and statements are: inability of management to successfully integrate the operations of acquired businesses, changes in the consumer market cannabis products, changes in the expected results of proposed changes to Halo’s operations, delays in obtaining the required licenses or approvals necessary for the construction of Oregon Canadian operations, dispensaries or operations, the proposed split with Halo Tek Inc., delays or unforeseen costs incurred in connection with construction, the ability of competitors to expand their operations into Northern California, delays or unforeseen difficulties in growing and harvesting Halo raw materials, changes in economic, trade and general policy conditions, including changes in financial markets; and other risks disclosed in the Company’s Annual Information Form dated March 31, 2021 and other information materials available on the Company profile at www.sedar.com. If one or more of these risks, uncertainties or other factors materialize, or if the assumptions underlying the forward-looking information or statements prove to be incorrect, actual results may differ materially from those described in this document as being intended, planned, anticipated, raw, estimated or expected.

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 in or referenced in. present, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Halo or persons acting on its behalf are expressly qualified in their entirety by this notice.

Non-solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described in this document, and there will be no sale of such securities in any state or jurisdiction in which such offering, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cision

Cision

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SOURCE Halo Collective Inc.

Cision

Cision

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