TORONTO, Sept. 11, 2021 /CNW/ – Halo Collective Inc. today announced that it has begun construction of a new retail dispensary in Westwood, Los Angeles , after receiving all necessary local building permits. Scheduled to open in the fourth quarter of 2021, the Westwood Dispensary will be the Company’s first of three planned dispensaries for Southern California and a key first step towards achieving the stated goal of opening ten dispensaries by the end of 2022.
The Westwood Dispensary is strategically located on Santa Monica Blvd within a mile of the University of Los Angeles California (“UCLA”) campus and blocks away from Century City. There is daily traffic of over 161,000 vehicles within three blocks, primarily on Santa Monica Blvd. and Westwood Blvd. This prime location features ample parking on the street front and an adjacent parking lot. Westwood is a central regional district for shopping, dining, movie theaters, and other entertainment, and Century City is one of the most prominent employment centers in the Los Angeles metropolitan area, boasting a workforce of approximately 244,000. In addition, the Westwood Dispensary is within a mile from the boutiques on Rodeo Drive in Beverly Hills, well-positioned to attract tourist traffic. The address of the Westwood dispensary site is 10461 Santa Monica Blvd.
The Westwood Dispensary represents a critical step in the vertical integration for Halo in its “Seed to Sale” strategy in California. Upon opening, Halo expects to commence direct-to-consumer retail sales of its own branded and white-labeled cannabis products, as well as a curated selection of coveted brands and products available in the California market.
“Halo is committed to entering the large and growing Southern California retail market and is proud that our first operating dispensary will be the closest dispensary to Century City and the tourist sections of Beverly Hills,” said Kiran Sidhu, CEO and Co-Founder of Halo Collective. “We are simultaneously developing two other locations in Hollywood and North Hollywood, that are both ideally situated, which we expect to open later this year or early next. With these three stores, we are building a key element of our vertically integrated seed to sale model, which we expect to drive strong returns for Halo shareholders.”
About Halo Collective Inc.
Halo is a leading, vertically integrated cannabis company that cultivates, extracts, manufactures, and distributes quality cannabis flower, oils, and concentrates and has sold approximately eleven million grams of oils and concentrates since inception. The Company continues to expand its business and scale efficiently, partnering with trustworthy leaders in the industry who value Halo’s operational expertise in bringing top-tier products to market.
Halo currently operates in the United States in Oregon and California, Canada, Southern Africa in the Kingdom of Lesotho, and the United Kingdom. The Company sells cannabis products principally to dispensaries in the U.S. under its brands Hush, Mojave, and Exhale, and under license agreements with Papa’s Herb®, DNA Genetics, Terphogz, and FlowerShop*, a cannabis lifestyle and conceptual wellness brand that includes G-Eazy as a partner and key member.
As part of continued expansion and vertical integration in the U.S., Halo boasts several grow operations throughout Oregon and two planned in California. In Oregon, the Company has a combined 11 acres of owned and contracted outdoor and green house cultivation, including East Evans Creek, a six-acre grow site in Jackson County with four licenses owned and operated by Halo and two third-party licenses under contract to sell all of their product to Halo; Winberry Farms, a one-acre grow site located 30 miles outside of Eugene in Lane County with a license owned and operated by Halo; and William’s Wonder Farms, a three-acre grow site in Applegate Valley, under contract to sell all of its product to Halo pending the closing of Halo’s acquisition of its licenses and business assets. Halo has recently signed a Definitive Agreement to acquire Food Concepts. Food Concepts LLC is the master tenant of an approximately 55,000 sq.ft. indoor cannabis cultivation, processing, and wholesaling facility in Portland, Oregon operated by the Pistil Point entities (the “Pistil Point Acquistion”).
In California, the Company is building out Ukiah Ventures, a planned 30,000 sq. ft. indoor cannabis grow and processing facility, which will include up to an additional five acres of industrial land to expand the site. Recently, Halo partnered with Green Matter Holding in California to purchase a property in Lake County, developing up to 63 acres of cultivation, comprising one of the largest licensed single site grows in California. Halo also plans to expand its operations in California by opening three dispensaries in North Hollywood, Hollywood, and Westwood, one of which may serve as the first FlowerShop* branded dispensary.
In Canada, Halo acquired three KushBar retail cannabis stores located in Alberta as a first in its planned entry into the Canadian market, leveraging its Oregon and California brands. With the KushBar retail stores as a foundation, the Company plans to expand its foothold in Canada.
Halo has also acquired a range of software development assets, including CannPOS, Cannalift, and, more recently, CannaFeels. In addition, Halo owns the discrete sublingual dosing technology, Accudab. The Company intends to spin-off these assets and its intellectual property and patent applications into its subsidiary Halo Tek Inc. and expects to complete a distribution to shareholders on a record date to be determined by Halo.
Halo has recently announced its intention to reorganize its non-U.S. operations into a newly formed entity called Akanda Corp., whose mission will be to provide high-quality and ethically sourced medical cannabis products to patients worldwide. Akanda will seek to deliver on this promise while driving positive change in wellness, empowering individuals in Lesotho, and uplifting the quality of the lives of employees and the local communities where it operates, all while limiting its carbon footprint. Akanda will combine the scaled production capabilities of Bophelo Bioscience & Wellness Pty. Ltd., Halo’s Lesotho-based cultivation and processing campus located in the world’s first Special Economic Zone (SEZ) containing a cannabis cultivation operation, with distribution and route-to-market efficiency of Canmart Ltd., Halo’s UK-based fully approved pharmaceutical importer, and distributor that supplies pharmacies and clinics within the U.K. With a potential maximum licensed canopy area of 200 hectares (495 acres), Bophelo has scalability that is arguably unmatched in the world today.
For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com
Cautionary Note Regarding Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Halo’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Halo’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking information may relate to anticipated events or results including, but not limited to Halo’s future plans regarding its Westwood Dispensary, other dispensaries in the City of Los Angeles, Halo’s expectations regarding the expansion of processing, production and distribution operations and the financial performance thereof, the closing of the Pistil Point Acquisition, the expected size and capabilities of the final facility planned at Ukiah Ventures, the size of Halo’s planned cultivation facility in Northern California, the ability of Bophelo and Canmart to serve the U.K. market, the proposed spin-off with Halo Tek Inc. and Halo’s proposed plans to re-organize its non-U.S. operations via Akanda Corp.
By identifying such information and statements in this manner, Halo is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Although Halo believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Among others, the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the inability of management to successfully integrate the operations of the acquired businesses, changes in the consumer market for cannabis products, changes in the expected outcomes of the proposed changes to Halo’s operations, delays in obtaining required licenses or approvals necessary for the build-out of Oregon operations, the proposed spin-out with Halo Tek Inc. or the proposed re-organization with Akanda Corp., delays or unforeseen costs incurred in connection with construction, the ability of competitors to scale operations in Northern California, delays or unforeseen difficulties in connection with the cultivation and harvest of Halo’s raw material, changes in general economic, business and political conditions, including changes in the financial markets; and the other risks disclosed in the Company’s annual information form dated March 31, 2021 and other disclosure documents available on the Company’s profile at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Halo does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Halo or persons acting on its behalf is expressly qualified in its entirety by this notice.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
SOURCE Halo Collective Inc.
For further information: Contact Information: Halo Collective: Investor Relations: [email protected], www.haloco.com/investors
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多伦多2021年9月11日电/CNW/--哈洛集体公司（Halo Collective Inc.）今天宣布，在获得所有必要的当地建筑许可后，已开始在洛杉矶韦斯特伍德（Westwood）建造一个新的零售药房。韦斯特伍德药房计划于2021年第四季度开业，将是该公司计划在南加州开设的三家药房中的第一家，也是朝着实现到2022年底开设十家药房的既定目标迈出的关键第一步。
Westwood药房位于圣莫尼卡大道，距离洛杉矶加州大学（“UCLA”）校园不到一英里，距离世纪城几个街区。三个街区内每天的车辆流量超过161,000辆，主要是在圣莫尼卡大道。和韦斯特伍德大道。这是一个黄金位置，在街道前面有充足的停车场和邻近的停车场。韦斯特伍德是购物、餐饮、电影院和其他娱乐的中心地区，世纪城是洛杉矶大都市区最著名的就业中心之一，拥有大约244，000名劳动力。此外，韦斯特伍德药房距离贝弗利山庄罗迪欧大道的精品店不到一英里，位置优越，可以吸引游客。Westwood药房的地址是10461 Santa Monica Blvd。
Halo Collective的首席执行官兼联合创始人Kiran Sidhu说：“Halo致力于进入规模庞大、不断增长的南加州零售市场，并为我们的第一家运营药房将是距离世纪城和贝弗利山庄旅游区最近的药房感到自豪。”“我们同时在好莱坞和北好莱坞开发另外两个位置，这两个位置都很理想，我们预计将于今年晚些时候或明年初开业。通过这三家商店，我们正在构建我们垂直整合的种子到销售模式的一个关键要素，我们预计这将为光环股东带来强劲的回报。“
Halo目前在美国俄勒冈州和加利福尼亚州、加拿大、南部非洲莱索托王国和联合王国开展业务。该公司主要以其品牌Hush、Mojave和Exhale向美国的药房销售大麻产品，并根据与Papa's Herb®、DNA Genetics、Terphogz和Flowershop*的许可协议，这是一个大麻生活方式和概念健康品牌，其中G-Eazy是合作伙伴和主要成员。
作为在美国持续扩张和垂直整合的一部分，Halo在俄勒冈州拥有几个不断增长的业务，并计划在加利福尼亚州开展两个业务。在俄勒冈州，该公司拥有11英亩的自有和承包户外和温室种植，包括东埃文斯溪，这是杰克逊县的一个6英亩的种植区，有四个由光环拥有和经营的许可证，以及两个根据合同向光环出售其所有产品的第三方许可证；Winberry农场，一个位于莱恩县尤金外30英里的一英亩种植区，许可证由Halo拥有和经营；William's Wonder Farms是位于Applegate Valley的一个三英亩的种植区，根据合同，在Halo完成对其许可证和商业资产的收购之前，将其所有产品出售给Halo。光环最近签署了一项最终协议，收购食品概念。Food Concepts LLC为约55,000平方呎之主租户。俄勒冈州波特兰的室内大麻种植、加工和批发设施，由雌蕊点实体（“雌蕊点获取”）经营。
在加州，该公司正在建设Ukiah Ventures，计划占地3万平方米。室内大麻种植和加工设施，其中将包括多达5英亩的工业用地，以扩大场地。最近，Halo与加州的绿色物质控股公司（Green Matter Holding）合作，在莱克县购买了一处房产，开发了多达63英亩的种植面积，这是加州最大的特许单一种植场地之一。Halo还计划通过在北好莱坞、好莱坞和韦斯特伍德开设三家药房来扩大其在加州的业务，其中一家可能会成为第一家Flowershop*品牌药房。
Halo还获得了一系列软件开发资产，包括CannPOS、Cannalift，以及最近的Cannafeels。此外，光环拥有离散舌下给药技术Accudab。本公司拟将该等资产及其知识产权和专利申请分拆给其附属公司Halo Tek Inc.，并预期将于Halo确定的创纪录日期完成向股东的分配。
光环最近宣布打算重组其非美国公司运营到一个新成立的名为Akanda Corp.的实体，其使命将是向世界各地的患者提供高质量和道德来源的医用大麻产品。Akanda将努力兑现这一承诺，同时推动健康方面的积极变化，增强莱索托个人的权能，提高员工和运营所在地当地社区的生活质量，同时限制其碳足迹。Akanda将结合Bophelo Bioscience&Wellness Pty的规模化生产能力。Halo总部位于莱索托的种植和加工园区位于世界上第一个含有大麻种植业务的经济特区(SEZ)，其分销和上市途径效率为Canmart Ltd.。Canmart Ltd.是Halo总部位于英国的完全批准的药品进口商，也是为英国境内的药店和诊所提供供应的分销商Bophelo的潜在最大许可树冠面积为200公顷（495英亩），其可扩展性可以说是当今世界上无与伦比的。
本新闻稿包含适用的加拿大证券立法意义上的某些“前瞻性信息”，也可能包含可能构成1995年美国私人证券诉讼改革法案安全港条款意义上的“前瞻性陈述”的陈述。此类前瞻性信息和前瞻性陈述并不代表历史事实或信息或当前状况，而是仅代表Halo对未来事件、计划或目标的信念，其中许多就其性质而言，本质上是不确定的，不在Halo的控制范围内。一般而言，该等前瞻性资料或前瞻性陈述可透过使用前瞻性术语识别，例如“计划”、“预期”或“不预期”、“预期”、“预算”、“计划”、“估计”、“预测”、“打算”、“预期”或“不预期”或“相信”，或该等词语的变体或可能包含某些行动、事件或结果“可能”、“可能”、“将会”、“将会继续”、“将会发生”或“将会实现”的陈述。前瞻性信息可能与预期事件或结果有关，包括但不限于Halo关于其Westwood药房、洛杉矶市其他药房的未来计划、Halo关于扩大加工、生产和分销业务及其财务表现的预期、Pistil Point收购的关闭、Ukiah Ventures计划的最终设施的预期规模和能力、Halo在北加州计划的种植设施的规模、Bophelo和Canmart为英国服务的能力。市场，拟议中的与Halo Tek Inc.的分拆，以及Halo拟议中的重组其非美国业务的计划。通过Akanda公司运营。
通过以这种方式识别这些信息和陈述，光环提醒读者，这些信息和陈述受到已知和未知的风险、不确定性和其他因素的影响，这些因素可能导致实际结果与这些信息和陈述所表达或暗示的结果有很大不同。此外，就本新闻稿所载之前瞻性资料及前瞻性陈述，Halo已作出若干假设。虽然Halo相信在编制前瞻性资料及陈述时所使用的假设及因素，以及其中所载的预期均属合理，但不应过度依赖该等资料及陈述，亦不能保证或保证该等前瞻性资料及陈述将被证明是准确的，因为实际结果及未来事件可能与该等资料及陈述所预期的有重大差异。除其他外，可能导致实际结果与前瞻性资料和陈述中预测的结果有重大差异的关键因素如下：管理层无法成功整合所收购业务的运营，大麻产品消费市场的变化、Halo业务的拟议变更预期结果的变化、获得俄勒冈州业务扩建所需许可证或批准的延迟、与Halo Tek Inc.的拟议分拆或与Akanda Corp.的拟议重组、与建设有关的延迟或不可预见的成本、竞争对手在北加利福尼亚扩大业务规模的能力、与Halo原材料种植和收获有关的延迟或不可预见的困难、一般经济、商业和政治条件的变化，包括金融市场的变化；以及在公司2021年3月31日的年度信息表和公司简介www.sedar.com上提供的其他披露文件中披露的其他风险。如果这些风险、不确定性或其他因素中的一个或多个成为现实，或者前瞻性信息或陈述所依据的假设被证明是不正确的，实际结果可能与本文所描述的预期、计划、预期、相信、估计或预期有很大差异。
欲了解更多信息：联系方式：Halo Collection:投资者关系:[email protected]，www.haloco.com/investors
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