Halo Labs Provides Update on Bophelo Post Acquisition
Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to provide an operational and business update on Bophelo Bioscience.
Leadership and Experience
Leading the Phase 1 build out and operationalization is Bophelo’s General Manager, Roderick Teague, a veteran owner operator in the African continent’s agricultural industry. Born in Mutare, Zimbabwe and raised on a Zimbabwean coffee farm, Mr. Teague initially spent his career farming coffee in his home country. He attended the University of Natal in South Africa where he studied Industrial Chemistry and Botany with a focus in Horticulture and Ecology. His notable commercial scale agricultural projects and achievements include: building out multiple coffee farms and processing facilities as well as fruit juice, essential oils, and timber mill manufacturing. He further honed his construction and large equipment management expertise as a partner at Mansura Contracting where he received training in Germany and subsequently implemented equipment and dealerships in South Africa. Mr. Teague rejoined the agricultural sector at Lonrho Fresh where he oversaw fleet and asset management as well as the build out and operation of large scale tobacco and berry farms. Over a 40 year career in commercial agriculture, Mr. Teague has built 25,240 hectares and operated 25,340 hectares of agricultural projects including a 300+ hectare precision horticultural greenhouse grow.
Ms. Louisa Mojela, Chairman of the Board of Halo Labs commented, “I am extremely pleased Roderick is spearheading the commercial build out of our cannabis facilities as well as overseeing the day to day operations. He is well positioned to manage the planned 200 hectare grow and under his leadership we are also on pace to achieve GACP credentials by Q3 2020. Rod continues to inspire and motivate the Bophelo team to progress towards and execute our first full harvest that we expect to occur in April 2021.”
In order to export internationally, Bophelo Bioscience will need to demonstrate GACP compliance of its harvested flower and trim. This credentialing process is now nearly complete as all SOPs and policies have been written and are in the process of being reviewed and adopted by Halo management and the Board of Directors at Bophelo Bioscience. Management is planning for Pharmaconsulta’s final GACP audit to be completed by the third quarter of 2020. The current target inspection date is September 2020 although it may shift due to COVID related travel restrictions. Before the audit, several remaining components must be installed and completed. The most significant GACP-related structure, the pack house, has already been designed however and is ready to be inspected.