REPEAT/Halo Labs Announces Partnership Agreement with Greeny.com
Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announces a partnership agreement between Dispensary Track, a Halo Canadian subsidiary, and Greeny.com, a one-stop online marketplace for CBD-based products. Halo has selected Greeny.com to be the CBD products store featured on Dispensary Track’s phone and tablet applications.
The Company recently closed on the acquisition of Dispensary Track, a platform that allows customers to electronically interact with dispensaries, thereby reducing wait times and improving customer experience. Dispensaries will also be able to use the application to display in-store specials, advertise specific products, and track customers’ purchasing patterns. The application’s tracking capabilities will enable dispensaries and Halo to gather business intelligence on end customers, in compliance with privacy laws.
In teaming up with Greeny, access to a curated set of CBD products will be available to consumers in California, Oregon and Nevada. Greeny’s platform is poised to become a leader in online CBD shopping in the United States, offering an extensive list of products launching with 350 SKUs and planning to grow to over 1,000 SKUs over the next ninety days. The Company and its dispensary and distribution partners will collectively earn commissions of up to 15% of gross sales.
The Greeny.com platform also features the ability to customize the CBD store for Halo’s dispensary customers’, whereby the products offered and the virtual store’s skin will be tailored to fit each dispensary’s specific requirements and brand profile. The planned integration of Greeny.com with the Company’s recently acquired Dispensary Track will virtually bolster dispensary inventory with complementary CBD products that may not be traditionally available in the dispensary supply chain, offering consumers an even wider selection. These CBD products will be readily delivered through Greeny.com’s third party logistic (“3PL”) providers leveraging the FedEx (NYSE: FDX) network.
“Our partnership with Halo Labs establishes a major CBD distribution channel in America and will allow us to offer CBD products online to consumers through their local dispensaries,” commented Frank Weil, CEO of Greeny.com. Weil is a seasoned e-commerce operator boasting 20+ years of experience having been with companies such as KWI, Acadaca and Havaianas. He is joined by a highly credentialed management team including the CTO Joe Johnson who 10+ year e-commerce veteran with his own consulting firm, The Right Way.