REPEAT/Halo Provides Update to Operations in Lesotho, Africa - Seite 3

Halo anticipates garnering statutory central bank approvals in Lesotho and South Africa imminently and following the final closing of the Bophelo acquisition. Additionally, Louisa Mojela the Founder and Chairman of Wiphold Finance, a $250 million private equity fund, is leading active discussions with multiple commercial banks throughout the African region. This institutional and non-dilutive financing would be among the first of its kind in cannabis and would be used for further construction and buildout as well as provide working capital for the Company.

Kiran Sidhu, Halo CEO and Co-Founder, comments, “We are excited to be finalizing the acquisition of Bophelo. Since initially announcing the partnership in December of 2018, our position has evolved to the anticipated acquisition of the company. The promise that the Kingdom of Lesotho offers in the cannabis industry and appointing Louisa Mojela to Halo Chairman places the Company in a strong position for global expansion.”

About Halo

Halo is a global 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 4.5 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 205-hectare Bophelo cultivation zone.

With a consumer-centric focus, Halo will continue to market innovative, branded, and private label products across multiple product categories. Halo recently acquired Dispensary Track platform, which will alleviate customer flow constraints experienced by dispensaries and enable direct consumer interaction.

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

Cautionary Note Regarding Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Halo’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Halo’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but is not limited to, statements regarding the acquisition of Bophelo, planned acquisition of Canmart and business operations in Lesotho, Africa.