As of September 30, 2019, the Company had a cash position of $5.8 million, which including restricted cash of $2.0 million. Top … 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. Halo has also begun evaluating opportunities for vertical integration into the California market in a similar fashion as its Oregon operations. On October 3, 2018, the Company commenced trading on the Aequitas Neo Exchange Inc., becoming a public company that is traded on the equities markets in Canada. On July 22, 2019, Halo launched the Shatterizer™, the first custom vaporizer device designed for the DabTabs™ Dablets™. This agreement provides Halo with distribution coverage across the entire state of California. AMRN 5. HALO Recognition 's estimated annual revenue is currently $20.3M per year. 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. On August 6, 2019, the Company entered into a distribution agreement with Nabis, to supply California dispensaries with Halo’s full assortment of branded products. Oregon has seen a successful third quarter of 2019, showing continued growth and increasing profit margins. 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. With working capital of $19.1 million and growing margins, Halo is positioned to acquire new assets when opportunities present. ... 2019. An aggregate of 3,832,167 of the Compensation Shares issued in the first tranche were subject to a hold period of four months plus one day from the date of issuance. Next Up In Gaming Verge Deals The DabTabs™ have also seen better traction with the introduction of premium live resin. The company achieved revenue of US$157,000 in Q1 2018, meaning Q1 of 2019 was around US$314,0000. In addition, the Company offers the Dablets™ Go and the Dablets™ All In One to promote consumer adoption at the point of sale. 2 Experts in cannabis oil and concentrates NEO: HALO / OTCQX: AGEEF / GERMANY: A9KN ... Halo Annual Revenue by Region (USD Millions) 164%. The Company has significantly scaled down the Nevada business due to ongoing lawsuits surrounding additional dispensary licenses at the state level. Halo Top ice cream is taking the world by storm! Gross margin was temporarily deflated in Nevada Q1 due to high inventory costs of oil as a result of FIFO inventory accounting. 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. Halo Labs Inc. (OTC: AGEEF) posted third-quarter revenue of $7.2 million Thursday, up 99% year-over-year. 15. The Company has also begun operations in Lesotho Africa through a strategic partnership. With development costs of over $100 million, it is one of the most expensive games ever made. ORGANIC GROWTH. Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announced its financial and operational results for the first quarter ended March 31, 2019.Entry into the California market fueled significant growth as revenues these three months were $8,718,503 representing a 302% year on year increase (three months to March 31, 2018: $2,168,976). The Company has expertise across all major cannabis manufacturing processes, leveraging a variety of proprietary processes and products. Net revenues represent ~ 190% quarter on quarter increase. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Microsoft plans to launch more than 15 free DLC maps by summer 2016 , while the $1 million Halo … By identifying such information and statements in this manner, Halo is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halo to be materially different from those expressed or implied by such information and statements. 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. For the three months ended September 30, 2019, the Company’s gross profit and gross margin were $2.9 million and 41% respectively, representing record quarterly results since the Company’s inception. Continued margin improvement at core manufacturing facility in Oregon with introduction of a customized ERP system. ORGANIC GROWTH. Estimated Revenue & Financials. to acquire the Halo Top brand. 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). 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. 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. As the cannabis market throughout the United States continues to mature, Halo is establishing itself in complimentary markets directly related to the industry. DabTab™ Dablets) as well as implementing existing contracts, the Company is now operating at an annualized production rate of approximately $25MM USD, which is in line with Halo’s previous guidance. While revenues have diminished somewhat, the Company has doubled down on increasing gross profits and reducing expenses to increase cash flow. With development costs of over $100 million, it is one of the most expensive games ever made. All values USD millions. 9%. Each month in Q1 Halo delivered improving monthly growth. Halo recently acquired Dispensary Track platform which will alleviate customer flow constraints experienced by dispensaries and enable direct consumer interaction. Halo Top is light ice cream that actually tastes like ice cream. 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, … The Company is currently in a solid cash position in a challenging capital market environment where other companies in the cannabis industry have had to scale back growth plans. The Company issued the Compensation Shares in two tranches. 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. Published Fri, Jun 7 2019 3:55 PM EDT Updated Thu, Jun 20 2019 5:15 PM EDT. 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. Cautionary Note Regarding Forward-Looking Information and Statements. Find recent news & articles featuring Halo Top's global success, new flavors, & reviews. Each Halo Top pint has between 240 and 360 calories, and each touts at least 20 grams of protein. The company's low-fat and non-fat varieties of ice cream appeal to health and calorie conscious consumers and are made using organic and natural ingredients, enabling users to experience healthy variants of ice cream. The Warrants commenced trading on September 11, 2019 under the symbol HLO.WT.A. The first tranche of 3,997,648 Compensation Shares was issued on October 15, 2019 at a price of C$0.30 per share and in satisfaction of C$1,199,295 of payables owed by the Company. ORGANIC GROWTH. Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announced its financial and operational results for the first quarter ended March 31, 2019.Entry into the California market fueled significant growth as revenues these three months were $8,718,503 representing a 302% year on year increase (three months to March 31, 2018: $2,168,976). ORGANIC GROWTH. Microsoft plans to launch more than 15 free DLC maps by summer 2016 , while the $1 million Halo … AAPL 4. Continue international growth trajectory with launch of Lesotho facility. TORONTO--(BUSINESS WIRE)--Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announced its financial and operational results for the third quarter ended September 30, 2019. Read our response here. ... 09/03/2019 - HALO Plans Large Expansion Of New Corporate Headquarters. 9%. Net revenues of $8,718,503 represent a 302% year on year increase compared to the same period ended in 2018 ($2,168,976), driven by Halo’s improving performance and expansion into the California and Nevada markets. Securing a retail footprint is a significant factor in driving revenue and profit in this market. On August 26, 2019, the Company announced it had been awarded two permanent California state licenses: a Type 11 Distribution and a Type 7 Volatile Manufacturing, for the company’s second facility in Cathedral City (“ICL 9”). The Dab Tab Go is compatible with any 510-thread battery while the All In One offers consumers a vape pen like device to vaporize the Dablets™. On February 22, 2019, Halo commenced trading on the OTCQB Market under the ticker symbol “AGEEF”, opening the Company up to a broader investor base throughout North America. AUGUST 2019. For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com. The Company raised bridge financing of US$1.7 million in the three months ending March 31, 2019, and cash at the end of March 31, 2019, was US$361,053. An aggregate of 6,333,088 of the Compensation Shares issued in the second tranche are subject to a hold period of four months plus one day from the date of issuance. Read more! 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. The Company however is seeking opportunities further down the value chain in potential partnerships and acquisitions of unique CBD products. According to BDS Analytics ("BDSA"), total retail sales throughout Oregon in the first 9 months of 2020 was estimated at $824 million with the top … Participant International Dial-In Number: (647) 689-6581 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. The Company is currently evaluating the future of the Nevada operations but plans on retaining licenses for the time being as they have significant monetary value. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, references to the ability of the Company to identify and complete acquisitions, the ability of the Company to increase revenue and margin on products sold by the Company, the ability of the Company to expand into CBD product lines, timing of the Company’s sales of Levätä™ and sales of Levätä™ through online retail marketplaces, the ability of the Company to negotiate mutually agreeable definitive agreements with and complete the proposed acquisition of Bophelo Bioscience, the ability of the Company to maintain or increase its current cash position, the future performance of capital markets and the future availability of capital to the Company, the development of the cannabis market in California, Oregon, Nevada, and other jurisdictions in which the Company operates, the ability of the Company to generate positive cash flow, the ability of the Company to improve the efficiency of its operations, the development of the market for concentrates and distillates, the ability of the Company to develop strategies to grow its business, the development of the market for hemp-based products, the ability of the Company to secure a retail footprint in Nevada, the development of the Company’s operations in Lesotho, and the ability of the Company to generate revenue in Lesotho. The forward-thinking company is led by a strong management team with deep industry knowledge and blue-chip experience. info@halocanna.com. Consistent with prior guidance, the Company launched and is on pace to introduce higher margin Oregon product offerings into the Nevada and California markets by the end of Q2 2019. By identifying such information and statements in this manner, Halo is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. 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. CSCO 2. ORGANIC GROWTH. Completion of the transaction is near and will be subject to the satisfaction of certain conditions including the receipt of any requisite regulatory, governmental and stock exchange approvals. As part of the transaction, UVI will assist Halo in securing a steady supply of biomass by issuing a right of first refusal to Halo for three years, up to a monthly quota of 15,000 pounds, on all biomass. Halo Top® Releases New Line of Bigger Pops For Dessert Lovers On The Go LE MARS, Iowa, May 5, 2020 /PRNewswire/ -- As the weather heats up, Halo Top invites fans of its light ice cream to cool down with new, bigger Halo Top Pops, a convenient and creamy line of … 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. In connection with the above transaction, certain “related parties” for the purposes of MI 61-101 received Compensation Shares and the issuance thereto is considered a “related party transaction” for the purposes of MI 61-101. For the uninitiated, the company sells healthy ice cream. ©2020 Technical420 LLC – All Rights Reserved. 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. The agreement is for an initial twelve-month term with interest accruing at a rate of 9% per annum. 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. Gross margin was 28% before unrealized loss on growth of biological assets in the three months ending March 31, 2019 (three months ending March 31, 2018: -1%). to acquire the Halo Top brand. 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. DabTabs™ were launched under Halo’s brand, Gilt™. The facility in Nevada sold 17,681 grams of oil. On April 30th, 2019, Halo up listed from the OTCQB Market to the OTCQX Market, the highest tier market that the OTC offers. Cost of goods sold were $6,273,930 (three months ending March 31, 2018: $2,183,569) following the increase in revenues and consequently an increase in the cost of goods sold. 2015 2016 2017 2018 2019 5-year trend; Sales/Revenue 135.06M: 146.69M: 316.61M: 151.86M In a new Q&A session between Michael Pachter and his audience, the gaming analyst recounted his conversation with Microsoft regarding the success of Halo 5. Halo Top ice cream became America's bestselling grocery store pint two years ago. Furthermore, the Company will target acquisitions that diversify revenue streams, create additional distribution channels, and become value-adding propositions. Unilever was close to buying ice cream maker Halo Top for approximately $2 billion, but backed away from the deal, sources familiar with the negotiations told New York Post. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. 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. WMT 7. Conference ID: 9063097. Halo Top's New Recipe Delivers a Creamier Texture for All Seven Non-Dairy Flavors. ANM revenue was $3.4 million in the three months ended September 30, 2019, while HLO generated revenues of $0.4 million and Coastal Harvest $3.4 million. Technical420, LLC. Halo expects the DabTabs Go™ to be available under the Company’s Gilt™ brand and available throughout California, Nevada and Oregon in July 2019. TORONTO, May 09, 2019 — (Business Wire) — Halo Labs Inc. (“Halo… On August 28, 2019, the Company announced a proposed purchase of a 17.5% equity interest in Ukiah Ventures Inc (“UVI”). 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. Illumina annual/quarterly revenue history and growth rate from 2006 to 2020. 3 min read. Make It. Halo’s primary business objectives for the remainder of 2019 and into 2020 will be to: On July 16, 2019, the Company entered into an agreement with Falcon International (“Falcon”) to buy out the entire rental premium of its California locations. SPY 3. If Trulieve simply matches the $36.9 million in Adjusted EBITDA it generated in Q3 2019, the company will have generated $124.4 million for its fiscal year—approximately $19.4 million above the top range of stated guidance issued last May. This field is for validation purposes and should be left unchanged. The branded product portfolio includes distillate and live resin products in addition to live resin dab tabs sold under Hush. In a new Q&A session between Michael Pachter and his audience, the gaming analyst recounted his conversation with Microsoft regarding the success of Halo 5. Halo Labs Reports Record Q1 2019 Revenue of US $8.7MM. TLT 9. Catherine Clifford @CatClifford. /CNW/ - Halo Labs Inc. ("Halo" or the "Company") today announced its financial and operational results for the three months ended September 30, 2020. With the results of financial and operational performance in for Q1 2019, Halo Labs Inc. (“ Halo ” or “The Company”) is thrilled to see significant growth, boasting a 302 percent per year increase. Reuters reported in August that Halo Top was exploring a sale. Justin Woolverton, CEO and founder of Halo Top, said, “We’re thrilled to join the Wells family. 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. Halo Labs 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. The Company is exempt from the formal valuation requirement in section 5.4 and the minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on sections 5.5(a) and 5.7(a), respectively, of MI 61-101 as the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves related parties, is not more than 25% of the Company’s market capitalization. SEPTEMBER 2019. 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). Bulk distillate sales are down in California due to issues in the vape industry overall. Franchise Year of inception Lifetime revenue Revenue breakdown (est.) 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 … 2 Experts in cannabis oil and concentrates NEO: HALO / OTCQX: AGEEF / GERMANY: A9KN ... Halo Annual Revenue by Region (USD Millions) 164%: ORGANIC GROWTH. info@halocanna.com. Halo’s revenue centric strategy has shifted towards quality of revenue, increased profits, and reduced expenses, to maintain strong cash and working capital positions to take advantage of acquisition opportunities should they arise.
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