Halo Collective Inc.

Earnings data Q4 2022

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Halo Collective, Inc. engages in the cultivation, manufacturing, and distribution of cannabis flower, oils, and concentrates. Its operations include Oregon, Nevada, and California. The company was founded by Philip van den Berg, Andreas Met and Kiran Sidhu on May 25, 1987 and is headquartered in Toronto, Canada.

Akanda Corp

Toronto, Ontario--(Newsfile Corp. - August 15, 2023) - Halo Collective Inc. (NEO: HALO) (OTC Pink: HCANF) (FSE: A9K0) ("Halo" or the "Corporation") has reported its financial results for the second quarter of 2023. Despite navigating a challenging market landscape, the company remains steadfast in its commitment to delivering quality products and adapting to changing industry dynamics.

Halo Collective Reports Q2 2023 Financial Results and Announces Delisting

Toronto, Ontario--(Newsfile Corp. - August 9, 2023) - Halo Collective Inc. (NEO: HALO) (OTC Pink: HCANF) (FSE: A9K0) ("Halo" or the "Corporation"), a leading player in the cannabis industry, has released its financial results for the fourth quarter of 2022 and first quarter of 2023. Fourth Quarter 2022 Financial Highlights: During the three months ended December 31, 2022, the Company reported revenues of $4,565,601, down from $8,365,976 in the three months ended December 31, 2021.

Halo Collective Provides Fourth Quarter 2022, First Quarter 2023 Financial Results

Toronto, Ontario--(Newsfile Corp. - June 22, 2023) - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (FSE: A9K0) ("Halo" or the "Company") announces today that it has changed its auditor (the "Change of Auditor") from Macias Gini & O'Connell LLP (the "Former Auditor") to GreenGrowth CPAs (the "Successor Auditor"). The Former Auditor resigned effective June 19, 2023, and the Company's board of directors, upon the audit committee's recommendation, appointed the Successor Auditor to fill the resulting vacancy until the close of the next annual meeting of the Company's shareholders.

Halo Collective Announces Change of Auditors and Failure to File Cease Trade Order

Toronto, Ontario--(Newsfile Corp. - May 26, 2023) - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (FSE: A9K0) ("Halo" or the "Corporation") is providing an update to its previously announced management cease trade order (the "MCTO") granted by the Ontario Securities Commission (the "OSC") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). Pursuant to the MCTO, the Corporation's CEO, Katie Field, and the Corporation's CFO, Marshall Minor, may not trade in securities of the Corporation until such time as the Corporation files its annual audited financial statements, annual management's discussion and analysis and related certifications for the year ended December 31, 2022 (collectively, the "Required Documents"), and the OSC revokes the MCTO.

Halo Collective Provides Update on Status of Financial Statements

Toronto, Ontario--(Newsfile Corp. - May 1, 2023) - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (FSE: A9K0) ("Halo" or the "Company") is providing disclosure regarding recent share issuances to Reef Capital Inc. ("Reef") in connection with a convertible promissory note among Reef and the Company for a principal amount of up to $5,000,000, as disclosed in Company's news release dated November 9, 2023 (the "Convertible Loan Facility"). To date, the Company has drawn approximately $3.95 million on the Convertible Loan Facility, and upon notices of conversion issued by Reef to the Company between November, 2022 and February, 2023 (the "Reef Notices"), approximately 123,161,500 common shares of the Company were issued in full satisfaction of the outstanding loan amount of $3.95 million (the "Reef Share Issuances").

Halo Collective Provides Disclosure on Share Issuances Pursuant to Convertible Loan Facility

Toronto, Ontario--(Newsfile Corp. - February 9, 2023) - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (FSE: A9K0) ("Halo" or the "Company") today announced the expansion of the Company's cannabis genetics and strain portfolio, specifically within its Oregon operations. This development comes as part of the Company's commitment to providing its customers with the best possible selection of products.

Halo Collective Expands Portfolio of Genetics and Cannabis Strains in Oregon

Toronto, Ontario--(Newsfile Corp. - January 27, 2023) - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (FSE: A9K0) ("Halo" or the "Company") a vertical integrated cannabis company, is pleased to report preliminary unaudited revenue numbers for its California operations, with retail sales increasing 16.8% for this last quarter[1]. The Company has made progress with its Budega™ VIP Program and its new location in Hollywood expected to open this year.

Halo Collective Reports Q4 Revenue Increase For its Budega(TM) Retail Stores in California

Toronto, Ontario--(Newsfile Corp. - December 12, 2022) - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (FSE: A9K0) ("Halo" or the "Company") anticipates significant sales increase in Oregon sales for 2023 after launching an aggressive expansion plan. The sales team has been making progress onboarding new retail dispensary chains and former dispensary customers and is gearing up for a strong year in 2023.

Halo Anticipates Significant Sales Increase in Oregon for 2023 Announcing New Strains and Expansion

Toronto, Ontario--(Newsfile Corp. - December 3, 2022) - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (FSE: A9KN) ("Halo" or the "Company") provides update on sales progression ranking amongst top selling brands in Oregon with year to date revenue sitting at just over $11.7M for 2022. Halo continues to strengthen its market share by penetrating the Eastern Oregon region and increasing territory sales.

Halo Ranked Amongst Top Selling Brands in Oregon Recognizing YTD Revenue of $11.7M

Toronto, Ontario--(Newsfile Corp. - November 25, 2022) - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (FSE: A9K0) ("Halo" or the "Company") commences initial steps to increase production to max capacity at its Pistil Point Oregon Facility, ("The Facility"). The steps include a comprehensive assessment and analysis of the current facility design, operations and workflow complete with a three-phase proposal.

Halo Collective Commences Initial Steps to Increase Production to Max Capacity at Its Oregon Facility

TORONTO , Nov. 22, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) reports highest selling quarter and continues planned expansion for the Budega retail locations after successful opening of the first two locations and significant progress in opening of the third superstore location. The Company is actively looking to secure additional retail space and licenses for up to 7 locations within the US by end of 2023 after review of the current operations.

Halo Collective Reports Highest Selling Quarter for Budega Retail Locations and Plans to Continue Expansion

TORONTO , Sept. 22, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today announced, further to its press release dated August 27, 2021, that it has completed the acquisition of all of the substantial assets of three operating entities doing business as Pistil Point in Oregon which collectively hold multiple cannabis licenses.

Halo Collective Completes Acquisition of Premium Indoor Grow and Distribution Hub in Portland, Oregon

All figures in USD unless stated otherwise TORONTO , Aug. 16, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announces its financial and operational results for the three and six months ended June 30, 2022 ("Q2 2022"). Second Quarter 2022 Financial and Operational Highlights: Revenue of $6.9 million, net of inter-company eliminations, down 24.8% compared to $9.1 million in Q2 2021.

Halo Collective Reports Second Quarter 2022 Financial Results

TORONTO , Aug. 12, 2022 /PRNewswire/ -  Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today announced the appointment of Katie Field, Chief Executive Officer of Halo, to Chairman of the board of directors of the Company (the "Board"), effective immediately. Current Chairman Ryan Kunkel has resigned from the Board to focus on other professional endeavors.

Halo Collective Appoints Katie Field as Chairman of the Board

All figures in USD unless stated otherwise TORONTO , Aug. 10, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today announced that its Budega Hollywood Dispensary, the Company's first superstore,  passed its Los Angeles Department of Cannabis Regulation (the "DCR") inspection and is expected to open in 2022. Given the larger square footage, the Company anticipates, after a ramp-up period, Budega Hollywood to be the Company's top grossing retail store with up to $15 million in annual sales per year.

Halo Collective Receives All Regulatory Approvals for its Third Budega™ Dispensary in Hollywood, Halo's first Superstore

All figures in USD unless stated otherwise TORONTO , Aug. 8, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today announced a series of initiatives intended to enhance shareholder value. These initiatives include: Implementing cost reduction measures over the past two months, which, in aggregate, are expected to provide annualized cash savings of approximately $7.5 million $5.5 million already achieved from streamlining staff at every level across the organization $2 million from reducing corporate G&A costs are being actively implemented Revamping the Company's sales organization and commission structure in Oregon to align with an aggressive sales goal to regain market share while emphasizing collections and account management.

Halo Collective Announces Initiatives to Enhance Shareholder Value

Proven Cannabis Executive, with Experience at The Brookings Institution and Bain & Company, to Lead Halo's Streamlined and Retail-Focused Strategy to Drive Near-Term Profitability Cassidy McCord Named to Halo Board of Directors TORONTO , July 1, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today promoted Katharyn ("Katie") Field, Halo's President, to the position of Chief Executive Officer. Ms. Field, a proven cannabis industry professional with significant management expertise, succeeds Kiran Sidhu, who resigned as Chief Executive Officer and as a director on the Company's Board of Directors (the "Board"), with immediate effect.

Halo Collective Promotes Katharyn Field to Chief Executive Officer

TORONTO , June 23, 2022 /PRNewswire/ - Concerned shareholders of Akanda Corp. ("Akanda" or the "Corporation") have today replaced a majority of the board of directors of the Corporation, with highly-qualified and motivated directors. The concerned shareholders of the Corporation collectively own or control 16,556,779 common shares of the Corporation (representing approximately 54.1% of the issued and outstanding common shares of Akanda), and yesterday passed a written resolution of the shareholders of the Corporation pursuant to the provisions of the Business Corporations Act (Ontario) (the "Act") removing each of Louisa Mojela, Philip van den Berg, Charles Kié, Gila Jones, Gugu Dingaan and Bridget Baker as directors of the Corporation effective immediately, and electing each of Harvinder Singh, Mohsen Rahimi, Jatinder Dhaliwal and Kathryn Field to fill the vacancies created thereby, to serve the remaining terms of the outgoing directors, or until their successors are elected or appointed.

Concerned Shareholders of Akanda Corp. Replace a Majority of Akanda's Board of Directors

TORONTO , June 16, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) is pleased to announce that all of management's nominees listed in the Company's management information circular dated May 16, 2022 (the "Information Circular") were elected as directors of the Company at Halo's annual general and special meeting of shareholders held on June 16, 2022 (the "Meeting"). The detailed results of the vote for the election of directors held at the Meeting are set out below.

Halo Announces Results of Annual General and Special Meeting

In the news release, "Halo Collective's Budega™ Westwood Dispensary to Open May 27" issued 21-May-2022 by Halo Collective Inc. over PR Newswire, we are advised by the company that the title "Halo Collective's Budega™ Westwood Dispensary to Open May 27" should read "Halo Collective's Budega™ Dispensary in Westwood to Open May 27 and Hollywood Planned for June", and the subtitle "Hollywood dispensary set to open in June pending local administrative review" is being removed. The complete, corrected release follows: Halo Collective's Budega™ Dispensary in Westwood to Open May 27 and Hollywood Planned for June TORONTO , May 21, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today announced that it expects all three of it's Los Angeles dispensaries will be open by the end of June.

/C O R R E C T I O N from Source -- Halo Collective Inc./

Hollywood dispensary set to open in June pending local administrative review TORONTO , May 21, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today announced that it expects all three of it's Los Angeles dispensaries will be open by the end of June. The Grand Opening of Budega Westwood will be Friday, May 27.

Halo Collective's BudegaTM Westwood Dispensary to Open May 27

Halo Collective Inc. (OTCQB:HCANF) Q1 2022 Earnings Conference Call May 18, 2022 4:15 PM ET Company Participants Katie Field - President Marshall Minor - Interim Chief Financial Officer Kiran Sidhu - Co-Founder and Chief Executive Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to the Halo Collective First Quarter 2022 Earnings Call. All participants have been placed on mute to prevent any background noise.

Halo Collective Inc. (HCANF) CEO Kiran Sidhu on Q1 2022 Results - Earnings Call Transcript

TORONTO , May 18, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announced  it will host an earnings call for its financial and operational results for three months ended March 31, 2022 ("Q1 2022"). Earnings Conference Call Halo will host a live webinar at 4:15 p.m.

Halo Collective to Host Earnings Call Today at 4:15pm EST for First Quarter 2022 Financial Results

All figures in USD unless stated otherwise TORONTO , May 17, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announced its financial and operational results for three months ended March 31, 2022 ("Q1 2022"). Halo's book value- booking investments at actual adjust costs basis after impairments per IFRS guidelines- is $80.7 million.

Halo Collective Reports First Quarter 2022 Financial Results; Book Value Per Share of $1.65 ($2.12 CAD)

All Figures in U.S. Dollars Unless Otherwise Stated TORONTO , May 7, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announced continued progress in its Budega retail growth strategy in Los Angeles, including strong preliminary store level performance for its first dispensary in North Hollywood (NOHO) and a firm "Grand Opening" date for its second dispensary in Westwood on May 27, 2022. Preliminary Results for Budega North Hollywood  Budega North Hollywood ("NOHO") is generating strong store level performance highlighted by a nearly 300% increase in gross sales in April as compared to the first month of operations in March.

News for Halo Collective Inc. Stock (HCANF)