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Halo Labs Announces Inclusion in the Horizons US Marijuana Index ETF Under the Ticker Symbols NEO HMUS (CDN) and NEO: HMUS.U (USD)

Nachrichtenquelle: Business Wire (engl.)
17.04.2019, 22:35  |  617   |   |   

Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTC: AGEEF, Germany: A9KN) is pleased to announce its inclusion in the Horizons US Marijuana ETF (the “ETF”) which began trading today under the NEO ticker symbols HMUS (Canadian dollar units) and HMUS.U (U.S. dollar units).

The Horizon US Marijuana Index’s goal is to track the price movements of a portfolio of North American publicly listed companies with significant business activities in the United States marijuana or hemp industries. The first of its kind, the ETF is designed to provide exposure to multiple top performing companies with a US focus. It is a Gross Total Return index.

Stocks must meet size and liquidity requirements to be included in the ETF. A company must be listed on an US or Canadian exchange, represent significant exposure in the hemp and marijuana industries, have a market cap greater than CAD$75M, a stock price greater than CAD$0.25, and have a 30 day average daily trading volume (ADV) of greater than CAD$100,000. Stocks in the ETF are rebalanced quarterly so that no single stock holds more than 10% of the weight in the index.

The ETF’s holdings can be viewed directly from its website at the link below: https://www.horizonsetfs.com/news/Press-Release/Horizons-ETFs-to-Launc ...

Kiran Sidhu, CEO of Halo Labs, commented: “I am delighted that Halo is being included in the Horizons US Marijuana Index. We are a consistent leader in cannabis extracts, oils, and concentrates. We also believe the Horizons US Marijuana Index represents a turning point for the US market. It suggests investors are closely watching the shift in federal policy and are anticipating the upside to marijuana companies with US exposure.”

ABOUT HALO LABS

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 has expertise in all major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 3.0M grams of oils and concentrates since inception. The forward-thinking company is led by a strong management team with deep industry knowledge and blue-chip experience. The Company is currently operating in California and Oregon as well as Nevada with our partner Just Quality. The Company has also begun operations in Lesotho Africa through a strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.

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