Halo Labs Comments on Recent Market Activity
Halo Labs Inc. (“Halo” or the “Company”) (OTCQX:AGEEF), wishes to make the following statements regarding recent market activity concerning its common shares (the “Common Shares”) traded on the OTCQX marketplace.
The Company became aware of certain promotional activity on its securities on January 14, 2020 when it received correspondence from OTC Markets. The Company has no knowledge of any promotional activity other than its understanding that there appears to have been promotional material describing the prospects of its business, recent press releases and the investment opportunity related to its securities. Although the Company has no way of directly correlating such promotions to their impact on its securities, the effect of this on the Company’s securities may have resulted in an incremental increase in trading volume, in addition to recent press releases by the Company regarding expanding product offering online via Eaze and the announcement of the closing of the MDT transaction which represent completion of milestones to grow the Company’s business in California.
The promotional material presents a general overview of the Company’s business and operations, including citing recent press releases. It contains some speculative language and forward-looking statements about investment potential, but the Company does not believe it contains any materially false or misleading statements about the Company and its products. The Company engaged Cay Innovation on January 13, 2020 for the purpose of business development, marketing and public relations, and while the promotional material referenced above was not directly procured or paid for by the Company, the Company was not at any time provided a copy of such materials by Cay Innovation, and the Company had no editorial control over the content, the Company acknowledges that it may have indirectly contributed to the creation and distribution of such material due to its engagement of Cay Innovation.
The Company routinely responds to inquiries from shareholders, potential investors, and investment analysts, and generates its own marketing materials. However, to the Company’s knowledge, neither the Company, its officers, directors, any controlling shareholders, or any third- party service providers have, directly, or indirectly, authorized or been involved in any way (including payment to a third party) with the creation or distribution of promotional materials that make any exaggerated or misleading claims about the Company or its securities.