Halo Issued a Type 13 Distribution License Enabling Seamless Transportation Across California Operations

Nachrichtenquelle: Business Wire (engl.)
22.01.2020, 08:30  |  331   |   |   

Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that its subsidiary, Coastal Harvest LLC (“Coastal Harvest”), has been granted a Type 13 Distributor License Transport Only by the State of California (“Type 13 License”).

A Type 13 License permits a licensee to transport cannabis goods between licensees. Halo plans to utilize the Type 13 License to improve the ease and fluidity of its supply chain management across California.

Coastal Harvest’s use of the Type 13 License

Coastal Harvest has manufactured wax/shatter, bulk distillate, bulk live resin, terp sauce and diamonds.

The Type 13 License will enable Coastal Harvest to transport its bulk product to Halo’s other distribution and manufacturing facilities in Southern and Northern California for further refinement into consumer packaged goods. In addition, Coastal Harvest will be able to conduct direct distribution to other non-retail licensees to enable Coastal Harvest’s own cannabis products (including bulk live resin and distillate) to be delivered to other manufacturers and distributors to be further refined and finished.

Since the Type 13 license enables direct distribution of products to licensed manufacturing and distribution facilities throughout California, Halo expects this will reduce certain transportation costs by removing the need to employ third-party transporters.

As a result of the issuance of the Type 13 License, Halo now has the capability to transport products from Coastal Harvest to ICL9 or to MDT where it can arrange for lab testing and direct store distribution, including its planned acquisition in North Hollywood.

Kiran Sidhu, CEO, and Co-Founder of Halo, commented, “As part of our ‘Seed to Sale’ strategy in California, providing our own transportation for specific cannabis products is another vertical that Halo can implement to potentially reduce expenses. With the ability now to transport our products directly from Ukiah in Northern California to Cathedral City in Southern California, and vice versa, we are developing a transportation backbone within California. In addition, once our planned dispensary acquisition in North Hollywood is operational we also should be in a position to deliver to end consumers where permitted.”

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