Your figures are correct, up to the end of the 2nd Q. We been busy since then and a few of your numbers have changed.
Here are some figures since then from Sedar.
Shares outstanding: 542.57m and then we went shopping with Daddy's credit card.
740,084,488. If i'm wrong, please show me where.
I’m only guessing that this is based on Q2 2020
Sedar report
Halo Labs Inc. Management Discussion and Analysis For the three and six months ended June 30, 2020
LKJ11 acquisition
On July 6, 2020, Halo acquired a company holding a 66 2/3% interest in LKJ11 in exchange for 42,881,646 Halo common shares. To effectuate the LKJ11 transaction, the majority member of LKJ11 merged with and into Halo’s MFT11 Merger Sub, Inc. and the majority member remains the surviving entity is wholly-owned by PSG Coastal Holdings LLC (“PSG”), an indirect wholly-owned subsidiary of Halo. Upon closing, Halo issued 8,576,329 Halo common shares to the vendors. 34,305,317 Halo shares are still to be issued as follows: • 17,152,659 Halo shares to be issued when LKJ11 is licensed by all applicable state and local regulatory agencies and the first legal sale of cannabis is made; and • 17,152,658 Halo shares to be issued when LKJ11 is granted a lease extension for an aggregate of five years or a new location lease for a term of 5 years from the closing date.
542,568,861
42,881,646
Total 585,450,507
Crimson & Black (“C&B”) acquisition
Crimson & Black (“C&B”) acquisition On July 6, 2020, Halo acquired 100% of the outstanding membership interest in C&B in exchange for 6,432,247 Halo shares. To effectuate the C&B transaction, C&B merged with and into Halo’s C&B Merger Sub, Inc. and C&B remains the surviving entity and is wholly-owned by PSG. The Halo shares will be issued as follows: • 3,216,124 Halo shares when LKJ11 is licensed by all applicable state and local regulatory agencies and the first legal sale of cannabis is made; and • 3,216,123 Halo shares when LKJ11 is granted a lease extension for an aggregate of 5 years or a new location lease for a term of at least 5 years from the closing date
585,450,507
6,432,247
Total 591,882,754
On July 16, 2020, the Company announced the completion of the acquisition of Bophelo and issued an aggregate of 43,712,667 Halo common shares. Halo has also issued an additional 2,039,334 Halo Shares to GMG Financial Services Ltd. (“GMG”) as an arrangement fee. Following closing of the Acquisition, Halo will acquire certain debt obligations of Middleton Gardens Ltd. (“Middleton”) for an aggregate of 28,586,807 Halo shares.
591,882,754
43,712,667
2,039,334
28,586,807
Total 666,221,562
On July 31, 2020, Halo closed its acquisition of Outer Galactic Chocolates, LLC (“OGC”), holder of a Type N manufacturing license in Mendocino County in exchange for 1,981,825 Halo common shares. The acquisition gives Halo a license to produce infused and edible cannabis products adjacent to the Mendo Distribution and Transportation LLC (“MDT”) facility in Ukiah, California. To effectuate the acquisition, OGC Merger Sub, Inc., an indirect wholly-owned subsidiary of Halo, merged with and into OGC. OGC remains the surviving entity and will be wholly-owned by PSG Coastal Holdings LLC, an indirect wholly-owned subsidiary of Halo. Upon closing, Halo issued 495,457 Halo Shares (25% of the total consideration) to OGC’s owner, Jeff Stewart. The remainder of the Halo Shares will be paid to Mr. Stewart in twelve equal installments of 123,864 Halo Shares, deliverable on the first day of each of the twelve months immediately following the closing.
666,221,562
1,981,825
Total 668,203,387
On august 6, 2020, the Company announced that it has entered into a definitive agreement dated effective August 5, 2020 pursuant to which the Company will acquire all the issued and outstanding shares of Ukiah in exchange for securities of the Company. Prior to the transaction, the Company holds a 14.7% equity stake in Ukiah as a result of the Company’s initial investment in Ukiah in December 2019. The Company will acquire the remaining issued and outstanding 7,725,007 Ukiah Shares, and will therefore own 100% of the total outstanding 9,058,340 Ukiah Shares. The purchase price will be satisfied by issuing 71,881,607 common shares of Halo.
668,203,387
71,881,607
Total 740,084,488
