Hallo Zusammen,
ich habe gerade am CC teilgenommen und habe mir ein paar Notizen dazu gemacht. Einfach nur,um halbwegs am Ball zu bleiben und nicht auch noch "on the fly" ne Übersetzung zu versuchen, habe ich in Englisch mitgeschrieben.
Vielleicht kann ja der eine oder adere etwas damit anfangen. Ich denke es werden eine Reihe von Rechtschreibfehler drin sein, wer einen findet darf ihn gerne behalten.
Zur Klarstellung, das Folgende sind meine Aufzeichnungen, die ich fuer mich selbst erstellt habe und nach bestem Wissen und Gewissen angefertigt habe, dabei ist nicht auszuschliessen, dass ich etwas falsch verstanden habe, oder ggf. auch deutlich verkürzt dargestellt habe:
Halo Labs Conference Call, 14.08.2019, 22 Uhr
Company introduction:
* experts in canabis oils and concentrates
* operations in 3 states * Lesostho
* in the business since 2013
* introduction of their product lines
* California is the company's main focus. They hope to bring up further capacities
until the end of the year.
* They want to move from a mostly bulk producer in Cal. to dispensory that they are intended to
distribute through two distributor the bigger of the two being Nabis, which was recently
announced.
Financial numbers, including sales margins, are being reported and it is very hard to
understanddue to the fact that the speaker has a strong dutch accent and the line connection
is not the best.
Lesotho acquisition is expected to be closed in September and for 18 Mill. shares, in an shares
only deal. The unique opportunity about Lesotho is the climate, which allows growing Marihuana
outdoors. No greenhouse required, which makes the production costs very competitive.
Is HALO looking for acquisitions?
Acquisition targets are sought only in California.
Can HALO be a take-over target?
Some larger companies are interested, but HALO management thinks that they are better off
staying stand-alone and they always have shareholder value in mind, the CEO being the largest
shareholder.
* Second half of the year is expected to be stronger in sales than the first half, even though
they refrain from giving quarterly guidance
* Oregon was turned back into a gross profit situation by increasing efficiency and streamlining
operations. They are now looking into applying the "lessons learned" as well to the CA operations.
* Why are margins smaller in q2 compared to q1?
Price pressure was higher in Q2 so they had to sell for lower prices. This is due to
seasonal differences. Typically the highest prices can be achieved in Q4 of a year.
* HALO management promises to continue to work hard and in the best interest of shareholder
value even though the markets are tight and situation is not easy right now.