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Halo Provides Update on Bophelo Biosciences Signing and Closing

Nachrichtenquelle: Business Wire (engl.)
19.09.2019, 22:06  |  474   |   |   

Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to provide an update to a previous press release on September 4th that the Company anticipates signing definitive documents with Bophelo Biosciences Ltd. (“Bophelo”) in Lesotho, Africa within the next two to three weeks.

“The planned acquisition of Bophelo is a very important milestone for Halo. Bophelo’s initial 5-hectare site is almost two times the size of the Evans Creek site in Southern Oregon, and Bophelo’s conditional approval of up to 200 hectares of outdoor grow would be one of largest cannabis cultivation projects worldwide that we know of,” said Kiran Sidhu, CEO and Co-Founder of Halo Labs.

ABOUT HALO

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 is a global leader in cannabis oil and concentrates, having produced over 4 million grams of oils and concentrates since inception. The Company has expertise across all major cannabis manufacturing processes, leveraging a variety of proprietary processes and products. 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 in Nevada with our partner Just Quality, LLC, and in Lesotho with the Bophelo strategic partnership. With a consumer-centric focus, Halo will continue to market innovative, branded, and private label products across multiple product categories.

For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com.

ABOUT BOPHELO BIOSCIENCE

Bophelo Bioscience is based in the Kingdom of Lesotho, Southern Africa and is the holder of one of a limited number of licenses issued in Lesotho for the production of medicinal cannabis products. Situated in proximity 70 kilometers to the capital city of Maseru, the Company’s operating site is an ideal location with ample labor, free water, flat land area, and low crime rates. The favorable high altitude, low humidity climate provides clean and organic growing conditions within the pristine mountainous region. With the motto "Sechaba se tlisa lerou" (community brings wealth), Bophelo highlights the value of community and empowerment of the Basotho people with a focus on the development of women and youth.

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