Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Halo Applauds Historic Congressional Vote on Federal Legalization of Marijuana

Posted by fidest press agency su domenica, 24 novembre 2019

Toronto, Ontario Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) applauds the House Judiciary Committee which passed the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act in a 24-10 vote on Wednesday, November 20, 2019 which removes marijuana from Schedule 1 of the Controlled Substances Act and would de facto end prohibition in the US. For federal legalization to occur the MORE act will need to pass a House-wide vote as well as a vote in the Senate and then be signed into law by the President.Since its founding, Halo foresaw eventual Federal legalization and built the business with the express purpose to scale nationally. Indeed, the Company is one of the largest licensed cannabis manufacturers at its Medford facility and cultivators with the largest licensed single site grow in Southern Oregon, at its six-acre East Evans Creek Farm.Located in the Emerald Triangle – where labor costs, rent costs, and tax burdens are low – Southern Oregon is one of the most optimal, low-cost regions in the world for growing and manufacturing cannabis.Emphasizing this point, Halo recently produced a record harvest at East Evans Creek of 6,800kg (15,000 lbs.) of dry marijuana product. Further, the company believes it can achieve even greater annual yields of 8,170kg (18,000 lbs.) in future growing seasons at the six-acre farm as Company continues to refine and improve its cannabis strains.Andreas Met the COO stated, “What coffee has been to Colombia and wheat to the Great Plains states, cannabis is to Southern Oregon, the northern tip of the Emerald Triangle. The hot, dry summers combined with cold rainy winters, latitude, elevation, and UVB light, make the climate very special for cannabis. When we started the company in 2015, we handpicked this region, built a facility capable of running 24-7 and then integrated cultivation with the goal to be able to supply cannabis flower, oils and concentrates nationwide.”Cannabis grown outdoors in the Emerald Triangle is consistently among the highest quality in the world. Halo has is deeply embedded in the Southern Oregon cannabis ecosystem procuring annually up to 30,000kg (66,000 lbs.) from local farmers.Currently, medical marijuana is legal in 33 states and it’s legal for recreational use in 11 states, along with the District of Columbia. With widespread public approval, cannabis has become a bipartisan issue uniting disparate factions in Congress despite a highly polarized political environment.
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, having produced over 4.5 million grams of oils and concentrates since inception. The Company has expertise across all major cannabis manufacturing processes, leveraging a variety of proprietary processes and products. 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 in 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. Halo recently acquired Dispensary Track platform which will alleviate customer flow constraints experienced by dispensaries and enable direct consumer interaction.


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