Halo Collective Inc (HCANF)

[DWillie]

Halo and Green Matter both took a 44% ownership stake in Triangle Canna. Triangle then signed a lease agreement with Lake County Natural Health (BarX parent company, owned 50% by Halo/50% Green Matter) for 80 acres to grow on. Triangle has applied (and will get) a preliminary license to grow on 60 acres outdoor, 20 acres greenhouse. Same license LCNH has. The growing will commence this spring on 10 acres. In summer, the second crop will grow on 60 acres. I imagine this is similar to what LCNH will do. Triangle will also pay LCNH a lease, which will be split between Halo and Green Matter.

Now, here's where it gets interesting. BarX has 1600 acres. I think there's probably a limit on capacity per license, so to get around this, Jedediah Morris, co-owner of Green Matter, and the guy living at BarX right now to oversee the build out, created a new company called Triangle Canna in December 2020, registered in Nevada. He owns it.



Halo and Green Matter now both a 44% stake in Triangle Canna, with the remaining 12% owned by Jedediah Morris. So to break it down, Halo owns 40 acres of LCNH's license, and 35.2 acres of Triangle's license. But all the cultivation is really owned by Halo and Green Matter, and operated primarily by Jedidiah Morris, who has long time growing experience in the region. Halo benefits from the lease revenue and land appreciation, as well as the ownership stake in the lease holders. It's a great deal. It gives Halo about 40-50M in potential revs this year! just for loaning Triangle some miniscule startup funds. I'm surprised this hasn't been talked about much.