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Steady news flow with these guys.
And lots of volume has been eating up shares at the .06 mark
Looking forward to next week.
GLTA & JMO
Engagement Labs Inks Partnership with MRI-Simmons, Launches MRI/TotalSocial fusion
NEW BRUNSWICK, N.J. and MONTREAL, July 26, 2019
Engagement Labs partnership with MRI-Simmons, a leading producer of media and consumer research in the US, launches innovative new data solution to help brands, agencies and media owners to harness the power of word-of-mouth
NEW BRUNSWICK, N.J. and MONTREAL, July 26, 2019 /CNW/ -- Engagement Labs Inc. (TSXV: EL), the industry-leading data and analytics firm that specializes in social intelligence for leading brands and companies, has announced a new alliance and joint product with MRI-Simmons, the leading provider of insights on the American consumer and their media behavior. Launched as a joint venture in 2019, MRI-Simmons is co-owned by GfK and SymphonyAI Group, with GfK as the majority partner. This deal is part of the overall growth strategy of the Engagement Labs to accelerate its client base and revenues.
The MRI/TotalSocial fusion combines Engagement Labs' TotalSocial platform – a proprietary database of offline social data – with MRI's Survey of the American Consumer® – the definitive, ongoing study of US consumers that captures in-depth information on media choices, attitudes, and consumption of products and services in nearly 600 categories.
"Our partnership with MRI allows us to collaborate with an industry leader to create and take to market the first and only offering that empowers marketers to direct their paid ad messages to those media and target consumers that are best able to amplify their messages through their real-world social networks," said Ed Keller, CEO of Engagement Labs.
"We are thrilled to be partnering with an innovative company such as Engagement Labs in bringing the power of word of mouth into the media mix," said Maureen Doherty, Vice President for Partnerships at MRI-Simmons. "As brands and agencies seek greater control over their plans, and growing reach for their messages, this fusion makes word-of-mouth not only relevant, but actionable. Together, these data sets deliver a unique, real-world tool for unlocking a powerful – but often unreachable – element of branding."
About Engagement Labs
Engagement Labs (TSXV: EL) is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies.
To learn more visit www.engagementlabs.com
Neither TSX Venture Exchange nor IIROC accepts responsibility for the adequacy or accuracy of this release.
For media inquiries please contact:
Vanessa Lontoc / Ed Keller, CEO
Engagement Labs
vanessa.lontoc@engagementlabs.com / ed.keller@engagementlabs.com
Nice. Awesome insight.
Thanks for posting.
GLTA & JMO
Another DISASTER.
Broken hearts everywhere.
GLTA & JMO
Engagement Labs Secures Contract With Global Video Game Company
1-Year Contract Valued at CAD $209,512
NEW BRUNSWICK, N.J. and MONTREAL, July 24, 2019 /CNW/ -- Engagement Labs Inc. (TSXV: EL) (the "Company") announced today that it has successfully secured a multi-national contract with a leading global video game company. The one-year agreement is valued at CAD $209,512.
The new contract is the Company's first with a video game corporation and involves the subscription of TotalSocial®, the Company's unique platform for tracking consumer conversations both online and offline. The contract secured a 12-month paid engagement and offers both companies the option to continue the engagement for multiple years. The client will use TotalSocial in both the United States and the United Kingdom.
"Our expansion into the video game sector demonstrates that our TotalSocial platform is valuable to cutting edge product categories that serve a youthful marketplace," said Steven Brown, President and Chief Revenue Officer of Engagement Labs. "Our new client is eager to leverage consumer conversations that are happening both online and offline, in recognition that even today's younger consumers are interacting with each other in the real world when they recommend products and brands."
To learn more how to improve your marketing ROI and increase sales through social intelligence, reach out at: totalsocial@engagementlabs.com.
About Engagement Labs
Engagement Labs (TSXV: EL) is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies.
LOL. Lets see how this week goes. If it continues to drop I'll hop into my Dorito's time machine and sell 2 days ago.
GLTA & JMO
ALWAYS WAS and WILL be a disaster.
Poor shareholders.
Bulltarded from the start.
GLTA & JMO
LOL.
I've been through that education myself.
I feel I have learned my lessons and paid my tuition. Been a long time since I was taken for a dive so maybe you can find solace in the fact I am riding shotgun with you.
:)
GLTA & JMO
You can always sell tomorrow and try to buy back lower. :)
Decent volume today. Im really interested in seeing how revenues shape up for the next reporting cycle.
GLTA & JMO
Registrar is in TO.
Coincidence?
Just sayin'
GLTA & JMO
Have you checked who owns the trademark?
Give them a day to post it. They just put out the news.
GLTA & JMO
Halo Announces the Launch of the Shatterizer™ Vaporizer Device
TORONTO--(BUSINESS WIRE)--Jul. 22, 2019--
Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that it has launched the Shatterizer™, the first custom vaporizer device made for the DabTab™ Dablets™ allowing consumers to experience smooth, flavorful concentrates, waxes, live resin, distillates and many other forms of cannabis extracts on the go in a precise doseable, format.
The Company has launched the initial rollout of the Shatterizer™ in Oregon, selling the innovative product into 30 accounts with expectation to reach a minimum of 15 additional accounts this week. The rollout sold out Halo’s initial inventory of Shatterizers™. Inventory was replenished late last week.
David Orr, Chief Revenue Officer, states: “The Shatterizer™ is rolling out as expected in Oregon with launches planned in California and Nevada over the next few months. It is the first of a series of custom devices that is planned to be launched so consumers can better enjoy DabTab™ Dablets™.”
ABOUT HALO
Halo is a 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 and has expertise across as major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 4.0M grams of oils and concentrates since inception. 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 Nevada with our partner Just Quality, LLC and in Lesotho with the Bophelo strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.
This company STILL IS and ALWAYS WILL BE a disaster.
LOL
More Reverse Splits than a Thai Gymnasium
I cant even make this stuff up.
GLTA & JMO
Halo Announces Lease Buy Down of its California Facilities
Falcon Agrees to Take Common Shares In Lieu of Future Lease Payments
Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that it has entered into an agreement with Falcon International (“Falcon”) to buy out the entire rental premium of its California locations at Industrial Court 9 at a discount with payment to be completed by the issuance of Halo common shares (the “Common Shares”) at a price of CAD$0.65 per Common Share.
Halo has agreed to pay down the premium of the rent at suite 18 & 19 locations at Industrial Court 9 in exchange for 1,464,505 Common Shares, which will save the Company CAD$521,973, representing a 21% saving on rent at these locations. Additionally, Halo’s suites 21 & 22 rent will also be paid down in exchange for the issuance of 1,242,578 Common Shares, which will save the Company CAD$699,429, representing a 31% saving on rent at these locations once these suites are occupied.
Overall, Halo will issue an aggregate of 2,707,083 Common Shares for the buyout of the remaining rent at these two sites, providing the Company a total savings of CAD$1,221,401 and overall reduced rent expenditure of 26%.
Falcon is a leading California cannabis company with exclusive contracts to produce and distribute some of California’s leading brands, including The Clear and CRU. Falcon currently distributes products to approximately 70% of all California licensed dispensaries. Halo has had an agreement since October 2018 to produce and supply up to 70,000 grams of bulk cannabis distillate per week which renews on a rolling 6-month term extensions.
Kiran Sidhu, CEO of Halo, comments: “This is an exciting move for Halo, to continue expansion in California at discounted rental rates. The opportunity to save over $1.2 million in rent over the terms of the leases frees up a capital Halo can now distribute into further growing our operations.”
ABOUT HALO
Halo is a 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 and has expertise across as major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 4.0M grams of oils and concentrates since inception. 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 Nevada with our partner Just Quality, LLC and in Lesotho with the Bophelo strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.
Xebec Announces Inclusion in DOE Project to Enable Economical Biomethane Production
$500,000 grant to Lawrence Livermore National Laboratory to research new composite sorbent technology
MONTREAL, July 11, 2019 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (“Xebec”), a global provider of clean energy solutions is pleased to announce today its inclusion in the U.S. Department of Energy’s (DOE) US$24 million commitment to a public-private collaboration funding 77 energy technology projects.
With matching funds from the private sector, the Office of Technology Transition’s (OTT) Technology Commercialization Fund (TCF) will advance the commercialization of promising energy technologies and strengthen partnerships between DOE’s National Laboratories and private sector companies to deploy these technologies to the marketplace.
Xebec’s a supporting Industrial partner on this project as a result of its collaboration with Southern California Gas (SoCalGas), and a California treatment facility. The project is being conducted through Lawrence Livermore National Laboratory (LLNL) by lead researcher Sarah Baker.
This $500,000 grant to the Lawrence Livermore National Laboratory will be used to develop and seek to commercialize their composite sorbent technology to more effectively remove CO2 from biogas. This proposed technology has the potential for significant improvements over the current state-of-the-art adsorbents used for biogas upgrading.
Xebec will play an important advisory role with our expertise in sorbents and biomethane production. Also, there is the opportunity to commercialize the technology in a small-scale biogas upgrading plant if proven successful in early stages.
“Technology transfer is an essential component of our mission at DOE, helping ensure we deliver the maximum return on the investment of the American taxpayer," said U.S. Secretary of Energy Rick Perry. “Through the TCF, we are connecting entrepreneurs in the private sector with researchers at our National Labs to help deliver the innovations and technologies that will keep our nation secure, competitive, and energy abundant.”
The DOE received over 160 applications for 2019 TCF funding, with project teams engaging more than 90 different partners across multiple diverse disciplines. Teams must receive a 50 percent match of non-federal funds from private partners to receive a TCF award.
Quotes:
“LLNL is excited to work with Xebec, who has decades of experience with biogas upgrading technology, to rigorously test LLNL’s biogas upgrading materials and move them toward commercialization.”
– Sarah Baker, Staff Scientist, Lawrence Livermore National Laboratory
"We are proud to be working alongside LLNL and SoCalGas to research how new sorbents can enable more economical biomethane production. This is the first time Xebec has participated in a DOE funded project, and we look forward to vigorously testing LLNL’s biogas upgrading materials. The renewable natural gas industry is seeing unprecedented growth and cost reduction will be important in developing the market further.”
– Dr. Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.
Related links:
https://www.energy.gov/articles/department-energy-announces-2019-technology-commercialization-fund-projects
https://www.xebecinc.com
For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Marketing
+1 450.979.8718 smurphy@xebecinc.com
Kurt Sorschak, President and Chief Executive Officer
ksorschak@xebecinc.com
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.
New low coming up.. or down. :)
GLTA & JMO
Looks likey their GB Farms got their cultivation license.
Congratulations to @GBFarmerDeb of Grey Bruce Farms and the management of @gtec_holdings $GTEC for the granting of your cultivation licence
— Unsweetened (@bittertweeties) July 5, 2019
Great birthday present Deb!#potstocks #investing pic.twitter.com/OYELEuPxPx
Xebec Announces Closing of $11.6 Million Bought Deal Public Offering of Units and Listing of Warrants
Xebec Adsorption Inc. ("Xebec" or the "Corporation") (TSXV:XBC) is pleased to announce it has closed its previously announced bought deal offering, including the exercise in full of the Underwriters’ over-allotment option. A total of 8,280,000 units of Xebec (the "Units") were sold at a price of $1.40 per Unit for aggregate gross proceeds of $11,592,000 (the "Offering"). The Offering was conducted by a syndicate of underwriters led by Desjardins Capital Markets and including Beacon Securities Ltd., Paradigm Capital Inc., Canaccord Genuity Corp. and M Partners Inc. (together, the "Underwriters"). The net proceeds of the Offering will be used to, among other things and as more fully described in the short form prospectus relating to the Offering, develop and invest in new Renewable Natural Gas (RNG) projects, to expand the Corporation’s monitoring and service capabilities through selective acquisitions and for general corporate purposes.
Each Unit is composed of one common share in the capital of the Corporation (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable to acquire one additional Common Share (a “Warrant Share”) for a period of 12 months from the closing date of the Offering at an exercise price of $1.85 per Warrant Share.
In connection with the Offering, the Corporation paid the Underwriters a cash commission equal to 6% of the gross proceeds of the Offering, and compensation options (the "Compensation Options") equal to 6% of the Units issued pursuant to the Offering. Each Compensation Option will entitle the Underwriters to purchase a Unit at an exercise price of $1.40 for a period of 12 months from the closing date of the Offering.
The Units were offered by way of short form prospectus in all of the provinces of Canada. Copies of the final short form prospectus and documents incorporated therein may be obtained by sending a written request to the Secretary of the Corporation at 730, Industriel Blvd., Blainville, Québec, Canada, J7C 3V4, telephone: (450) 979-8700, and are available electronically under the Corporation’s issuer profile on SEDAR at www.sedar.com.
The TSX Venture Exchange (the "TSXV") has conditionally approved the listing of the Common Shares and Warrants underlying the Units and the Common Shares underlying the Warrants, subject to fulfilling all of the requirements of the TSXV. The Warrants will be trading under the symbol "XBC.WT". Trading of all such securities is expected to commence on July 4, 2019.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the Corporation, its products and services, visit Xebec at xebecinc.com.
US HEXO market closed early today due to the holiday tomorrow.
In related news, Bruce Linton is out at Canopy. I wonder if this will start a fire under the other players to begin tightening the screws on efficiency with production/revenue.
GLTA & JMO
The PPS has crumbled, breaking support and breaking to the downside.
Too much dilution. The floor for convertible shares also collapsed meaning its heading to .03 sometime soon.
Another RS looming.
DISASTER alert flashing.
GLTA & JMO
Awesome interview with HALO CEO.
Its called a paint job.
Nobody is falling for it again.
GLTA & JMO
Thats 3X the losses!
GLTA & JMO
Significant short interest as a percent of volume here for quite some time.
Its mostly NAKED shorting.
A short squeeze could be coming.
https://otcshortreport.com/company/AGEEF?index=CBAI&action=view
GLTA & JMO
Yikes.
.045
Trip zeros cometh.. Again.
LOL
I cant even make this stuff up.
GLTA & JMO
Yep. And a new 52 week low.
This is heading back to sub-penny ahead of the massive RS.
Some people never learn.
GLTA & JMO
Thats some real sh!t right there.
GO HALO! Getting their ducks in a row. :)
GLTA & JMO
Im long so days like these are very welcome. And I should have bought a few more in the .50 range.
In any case you can still buy the warrants. :) They are cheaper at .17 (jumping 25%) today but still undervalued in my opinion.
Love the news recently. The likelihood of a takeout gets stronger every day.
Go HALO!
GLTA & JMO
Lesotho Deputy Prime Minister, Mr. Monyane Moleleki, to Join Halo and Ms. Mojela at European Cannabis Week
Ms. Mojela to speak at Global Cannabis Partnership Launch in House of Commons
Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that the Deputy Prime Minister of Lesotho, Mr. Monyane Moleleki will be joining CEO of Halo Labs Kiran Sidhu and Chairman of Bophelo Bioscience Ms. Louisa Mojela at Prohibition Partners Cannabis Europa, IMN’s Inaugural Institutional Capital & Cannabis Conference in Europe (IC3), and other events throughout the week of June 24th 2019.
On Monday June 24th from 6:30-8:30 PM, Ms. Mojela will participate in a panel discussion at the Global Cannabis Partnership European launch in the House of Commons. Ms. Mojela’s panel will explore the cannabis industry’s opportunity to have a uniquely positive impact on society through social justice and environmental sustainability. The ?Global Cannabis Partnership ?is an international initiative that seeks to establish corporate social responsibility standards across legal cannabis markets worldwide. A collaboration of leaders from across the cannabis supply chain, GCP members include government agencies charged with the distribution and sale of legal cannabis, licensed cannabis producers, research institutions, and NGOs. The event will take place at the Houses of Parliament, Westminster, London SW1A 0AA.
Ms. Mojela stated, “There is great potential for the African cannabis industry given our continent’s population of over a billion people with abundant land and natural resources. The Kingdom of Lesotho has taken a lead in this and that has positioned Bophelo to take advantage of the growing demand for GMP grade cannabis in the EU and other regions. Beyond the financial opportunity though, the I am excited by the potential this industry has to provide jobs and social benefits to our citizens including educational opportunities to the underprivileged.”
On Tuesday June 25th the Hon. Monyane Moleleki Deputy Prime Minister of Lesotho will deliver a keynote speech at Cannabis Europa. He will be preceded by the Hon. Prime Minister of Malta Joseph Muscat, who will be speaking on the opportunities for economic development and public health improvement allowed by the regulation of medical cannabis. The keynote addresses will take place at Queen Elizabeth Hall (Main Stage) at Southbank Centre Address: Southbank Centre, Belvedere Rd, Lambeth, London SE1 8XX.
Mr. Moleleki commented on his participation stating, “I look forward to discussing the current state of Lesotho’s cannabis industry and how we expect our regulations and legal industry to enable many benefits both social and economic. The cannabis industry is a significant development that should benefit the global cannabis market on the whole. With added strength from Halo Labs and commitment to EU GMP manufacturing, we look forward to the expansion of cultivation, production, and sales originating in our country. We anticipate Bophelo Bioscience to be an economic and socially responsible contributor to Lesotho and to have a positive impact on job creation and local opportunities for our citizens.”
On June 26th Halo Labs will also have a booth located near the entrance to the main session room IC3 which is being held at Liverpool Street - 155 Bishopsgate, London, England EC2M 3YD. Kiran Sidhu will speak on a panel about best practices in due diligence for the cannabis industry.
Halo Labs is proud to sponsor Cannabis Europa as well as the Institutional Capital & Cannabis Conference Europe (IC3 Europe). The IC3 Europe is a meeting place for investors who wish to learn more about this exciting new asset class, as well as cannabis companies and investment funds who are looking to raise money or showcase their products and professional services.
ABOUT HALO
Halo is a 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 and has expertise across as major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 4.0M grams of oils and concentrates since inception. 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 Nevada with our partner Just Quality, LLC and in Lesotho with the Bophelo strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.
ABOUT BOPHELO BIOSCIENCE
Bophelo Bioscience is based in the Kingdom of Lesotho, Southern Africa and is the holder of one of a limited number of licenses issued in Lesotho for the production of medicinal cannabis products. Situated in proximity 70 kilometers to the capital city of Maseru, the Company’s operating site is an ideal location with ample labor, free water, flat land area, and low crime rates. The favorable high altitude, low humidity climate provides clean and organic growing conditions within the pristine mountainous region. With the motto "Sechaba se tlisa lerou" (community brings wealth), Bophelo highlights the value of community and empowerment of the Basotho people with a focus on the development of women and youth.
ABOUT LESOTHO
Lesotho is the first African country to legalize the cultivation and manufacturing of medicinal cannabis, becoming one of the most sought-after locations for cannabis operations in the world. The country has issued a limited number of licenses since legalization in 2016 and has been exporting cannabis since early 2018.
For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com.
Just a matter of time.
:)
GLTA & JMO
Halo Labs Intends to Appoint Ms. Louisa Mojela as Chairman of the Board Upon Closing of Bophelo Bioscience Acquisition
Expected to Become First Ever African Business Woman to Chair a Publicly Traded Cannabis Company
Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that upon closing of the previously announced acquisition of Bophelo Bioscience & Wellness (Pty) Ltd. ("Bophelo") (the "Transaction"), the Company intends to appoint Ms. Louisa Mojela, currently the Chairman of Bophelo, as Chairman of Halo’s board of directors. Ms. Mojela’s addition will be valuable for the Company as it continues to expand.
Ms. Mojela successfully founded and listed Women Investment Portfolio Holding Limited on the Johannesburg Stock Exchange that has grown to be worth over USD $250M today. She has led capital raises and held directorships at companies such as Sasol Mining (NYSE: SSL), Ixia Coal, South African Airways, Ericsson SA, Adcorp (SJ: ADR), and Sun International (SJ: SUI) amongst others.
Upon appointment, Ms. Mojela is expected to be the first African woman to lead a publicly traded cannabis company. Ms. Mojela commented, "Halo was a natural fit given its strong professional management team, global vision and success in the United States which has established the company as one of the market leaders in the cultivation and extraction of cannabis oils and concentrates."
Ms. Mojela also applauds the platform that the cannabis industry and Halo affords her social development mission, "As an early stage growing industry, cannabis has the potential to provide much-needed jobs and contribute to the economic development of Lesotho, as well as uplift the citizens through the non-profit development trust that I established for underprivileged women and children. Since 2010 the trust has built schools, libraries, and a learning center as well as an agricultural project. Halo shares our values and after the transaction Bophelo will continue to provide 10% of its pretax earnings to the trust for the people of Lesotho."
G. Scott Paterson will remain a valued strategic advisor to the Company as Ms. Mojela transitions into her new role at Halo. Mr. Paterson commented, "It was an honor to serve as Chairman of Halo, but this represents a historical step in our industry as the Company appoints the first African woman to chair a publicly traded cannabis company. I look forward to working with Halo in an advisory position as the Company continues to expand.”
Completion of the Transaction is subject to, among other things, the negotiation and execution of a mutually agreeable definitive acquisition agreement and related documents and the satisfaction or waiver of any conditions precedent to the consummation of the Transaction (including the receipt of any requisite regulatory and third-party approvals).
ABOUT HALO
Halo is a 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 and has expertise across as major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 4.0M grams of oils and concentrates since inception. 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 Nevada with our partner Just Quality, LLC and in Lesotho with the Bophelo strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.
Wow.
From bad to hearse.
Havent been wrong in 5 years on this one.
LOL
Still feel awful for all those shareholders.
GLTA & JMO
Halo Labs to Expand Globally and Acquire Bophelo Bioscience
Cannabis Industry in Lesotho, Africa to Become Gateway to EU Cannabis Markets
Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that it has entered into a non-binding letter of intent (LOI) for the proposed acquisition of Bophelo Bioscience & Wellness (Pty) Ltd (“Bophelo”) (the “Transaction”). The Transaction is expected to strengthen the Company’s position in Lesotho, Africa, a country quickly becoming the continent’s export gateway to the global cannabis market. Lesotho is the first African country to grant medical marijuana licenses for cultivation and patient use and is making strides toward becoming the worldwide export hub for cannabis. Halo’s planned acquisition of Bophelo brings together two socially-minded companies on a shared mission to better the communities in Lesotho.
Halo’s initial partnership with Bophelo included operation of the 5-hectare cultivation and production site and purchase of its entire production in exchange for a 20% equity stake and a royalty on cannabis sales. In a growing consumer market, Halo now intends to purchase the entire issued share capital of Bophelo for 40,786,667 common shares in the capital of Halo (approximately USD $18.4M or CAD $24.7M).
Supreme Cannabis (TSX: FIRE) and Canopy Growth Corporation (TSX: WEED) made significant investments in Lesotho recently with Supreme Cannabis making a CAD $10M strategic investment in Medigrow Lesotho (Pty) in exchange for a 10% ownership interest in that company, and Canopy Growth Corporation acquiring 100% of DaddyCann Lesotho (Pty) Ltd for CAD $28.8M.
This Transaction is expected to strengthen Halo’s position in a region strategically set to become the international breadbasket of Good Agricultural and Collecting Practice (GACP) and EU Good Manufacturing Practices (GMP)-grade cannabis isolates and distillates. GACP and GMP designations demonstrate Halo’s capability to grow and manufacture at scale while adhering to high-quality standards and enables distribution to European and international pharmaceutical and nutraceutical companies in these attractive and growing markets.
Beyond providing a source of low-cost cannabis inputs and products for Europe and other regions, Africa as a continent boasts a strong consumer market. According to New Frontier, there are over 83 million annual cannabis consumers on the continent and the current market is estimated at USD $37.3 billion in combined legal and illegal sales out of the total USD $344.4 billion worldwide. This emerging opportunity will be unlocked with increased cannabis decriminalization and legalization policies, such as neighboring South Africa; which in 2018 approved private use and decriminalized possession, a market which according to the March 2019 Prohibition Partners Africa Report is now expected to be worth USD $1.851 billion by 2023.
Kiran Sidhu, the CEO of Halo Labs, commented, “The high-altitude, low-humidity climate and access to water, as well as low cost utility, tax, and labor rates mean cannabis in Lesotho can be cultivated naturally at a very competitive cost. While most of the licenses issued to date restrict cultivation to 2-3 hectares and indoor or greenhouse growing, Bophelo operates one of the largest sites in Lesotho at 5 hectares. The state has also given Bophelo preliminary approval to expand up to 200 hectares and has indicated they would consider granting permission for outdoor growing from 2019 onwards, following consultation with the INCB (International Narcotics Control Board). Bophelo has secured this site with a 20-year lease and option to renew for an additional 30 years.”
Once fully operational on the initial 5 hectare site, Bophelo intends to harvest GACP cultivated cannabis approximately twice per annum and will have the potential to produce approximately 4.6M grams of high quality EU GMP cannabis concentrate per annum.
Mr. Sidhu continued, “We anticipate EU GMP cannabis concentrate would be exported to the European market at an estimated price of USD $10 per gram while our FOB Lesotho all-in cost ready for export would not exceed USD $2 per gram. We expect the initial planting to occur in November and to complete our first harvest by the second quarter of 2019. Bophelo will also give Halo Labs an international platform for our innovative products like the DabTabs™ Dablets, the first ASTM C373-18 certified doseable cannabis product.”
Halo continues to solidify its reputation as a leader in cannabis oil and concentrates and is now the first U.S. based publicly traded company to make an investment into Lesotho. Upon closing of the Transaction, Halo will expand its global footprint and be one of the first cannabis companies in the world to have products and technology carried across the EU, the United States, and Africa.
The Chairman and non-executive director of Bophelo, Ms. Louisa Mojela, stated, “The acquisition of Bophelo by Halo Labs gives me great hope for the future of Africa’s cannabis industry. I am glad to be working with Halo’s executive team, too. Together we will strengthen Lesotho’s position as the breadbasket for Europe, Australia, and other global markets.” Ms. Mojela is among Africa’s most successful business personalities and a prominent citizen of Lesotho. She has been recognized by countless international organizations for her contributions to business, women, and impoverished communities winning an All Africa Business Leaders award by CNBC in 2016.
Halo’s acquisition of Bophelo will further solidify the Company’s strategic vision in addition to exemplifying its support of social responsibility initiatives. For example, the land leased by Bophelo is held by a non-profit trust that benefits the community. 10% (ten percent) of Bophelo’s pre-tax profits will go to this trust and be given back to the people of Lesotho. Both Ms. Mojela and Mr. Sidhu are like-minded about social impact and equity. Through support from the trust, Ms. Mojela has founded and built a school on Bophelo’s premises and Mr. Sidhu is personally donating computers for the school’s students. Ms. Mojela commented, “The social benefits of our public-private partnership are extremely important to me. Halo shares that commitment and these values will differentiate us from our competitors.”
Chairman of Halo Labs, G. Scott Paterson, summed up anticipated benefits from the transaction, “The proposed acquisition of Bophelo is game changing for Halo and important for the global cannabis economy. We are enthusiastic about the Lesotho opportunity and operating a scale cultivation and production facility for the international export of oil and concentrates. We expect a lift both to revenue and profit and are looking forward to delivering these financial results to our shareholders.”
Completion of the Transaction is subject to, among other things, the negotiation and execution of a mutually agreeable definitive acquisition agreement and related documents and the satisfaction or waiver of any conditions precedent to the consummation of the Transaction (including the receipt of any requisite regulatory and third-party approvals).
ABOUT HALO LABS
Halo is a 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 and has expertise across as major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 4.0M grams of oils and concentrates since inception. 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 Nevada with our partner Just Quality and in Lesotho with the Bophelo strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.
ABOUT BOPHELO BIOSCIENCE
Bophelo Bioscience is based in the Kingdom of Lesotho, Southern Africa and is the holder of one of a limited number of licenses issued in Lesotho for the production of medicinal cannabis products. Situated in proximity 70 kilometers to the capital city of Maseru, the Company’s operating site is an ideal location with ample labor, free water, flat land area, and low crime rates. The favorable high altitude, low humidity climate provides clean and organic growing conditions within the pristine mountainous region. With the motto “Sechaba se tlisa lerou” (community brings wealth), Bophelo highlights the value of community and empowerment of the Basotho people with a focus on the development of women and youth.
ABOUT LESOTHO
Lesotho is the first African country to legalize the cultivation and manufacturing of medicinal cannabis, becoming one of the most sought-after locations for cannabis operations in the world. The country has issued a limited number of licenses since legalization in 2016 and has been exporting cannabis since early 2018.
Yikes. Down another 20%
Hope you sold before the swipe started to go downhill.
GLTA & JMO
Another great day of volume here. And the pps is climbing nicely.
Hitting $1.80 is a nice sign of things to come as a new 52 week high comes into focus.
GLTA & JMO
Again, it trades on the NEO primarily.
The OTC listing is a secondary market.
Once it goes to the TSX it wont be trading in this range.
GLTA & JMO
Thanks.
Nobody should be doubting the assets, integrity and direction of this one. Insiders hold a great deal of shares and the institutions that facilitated the equity raise recently do not engage with shady outfits.
This is a legit CBD/Hemp/Distillate leader in the making.
They will be bought out after all is said and done.
GLTA & JMO
HALO trades on the OTC as a secondary market to its NEO listing in Canada.
BIG DIFFERENCE.
Might want to do some DD before you paint them as a Pinksheet stock.
GLTA & JMO
On a hot pile of garbage that will end red?
LOL
Its like the last 5 years of pain.. better places to put $$.
I mean really.
I feel bad for all shareholders.
GLTA & JMO
Xebec Adsorption Inc. Opens the Market
06/13/2019 10:23:00 AM
TORONTO, June 13, 2019 /CNW/ - Kurt Sorschak, President & CEO, Xebec Adsorption Inc. (XBC), joined Sylvain Martel, Director, Capital Formation, Ontario & Qubec, TSX Venture Exchange, to open the market to celebrate ten years listed on TSX Venture Exchange. Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Xebec has two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia. Xebec Adsorption Inc. commenced trading on TSX Venture Exchange on June 12, 2009.
GLTA & JMO