Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 289

Halo commences formal EU GACP Certification Process for cannabis grown at Bophelo in Lesotho, Africa

Posted by fidest press agency su sabato, 18 gennaio 2020

Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce Bophelo Bioscience & Wellness (“Bophelo”) has formally commenced the certification process required to achieve European Good Agricultural and Collection Practices (“EU GACP”) accreditation for cannabis grown at the Company’s 205-hectare cultivation site at Bophelo in Lesotho, Africa.Obtaining EU GACP certification would allow Halo to export medicinal cannabis and Cannabis-Based Products for Medicinal use (“CBPMs”) to the United Kingdom as well as countries in the European Union. According to Prohibition Partners, the CBPM market in the UK is comprised of 1.4 million consumers who use CBPMs for health treatments with an additional 4.7 million recreational cannabis users. This translate to a medical cannabis market that is predicted to be worth roughly $1.3 billion by 2024.
To achieve EU GACP accreditation, Halo has engaged Pharmaconsulta Limited (“Pharmaconsulta”), an independent firm based out of Malta in Europe, that specializes in pharmaceutical regulatory affairs.Pharmaconsulta will implement a comprehensive quality control program to ensure that cannabis grown at Bophelo may be exported to various legal international markets. The firm will ensure the following milestones are completed:
Obtain an EU GACP certificate for Bophelo, as well as meet the requirements and standards for starting materials of Herbal Origin, as published by the European Medicines Agency (“EMEA”) and World Health Organization (“WHO”) guidelines on GACP for medicinal plants
Provide full audits on the agricultural and cultivation sites in Lesotho, Africa
Draft and implement a quality control system compliant with EU GACP standards
Provide all necessary training to the Bophelo staff
Kiran Sidhu, CEO and Co-Founder of Halo, commented, “We are excited to finalize the steps required to export medical cannabis products from Lesotho into Europe. Becoming GACP certified and meeting all necessary standards is critical in our execution internationally. Pharmaconsulta will ensure that the Bophelo facilities receive all permits for exporting medicinal cannabis to the United Kingdom through Halo’s planned acquisition target Canmart Limited.”
Indeed 1,000 flowering plants in 8 hoop houses are under production at Bophelo which Halo expects will be harvested in Q2 2020. Moreover, cloning processes with DNA Genetics are underway for February with an anticipated harvest date in Q3 of 2020.
Mr. Sidhu continues, “We are extremely pleased at the speed at which we are realizing our strategic vision for Bophelo. By the time the maiden harvest is complete the facility is expected to be fully certified and ready to export legal cannabis. International exportation is currently an untapped opportunity for Halo and will add sizeable, incremental topline revenue.We also look forward to delivering innovative strains with the DNA genetics partnership to future harvests. With three grow seasons a year anticipated at Bophelo, we expect to establish ourselves quickly as one of the leading suppliers of consistently high-quality cannabis to regulated international markets.” Halo is a global 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 205-hectare Bophelo cultivation zone.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. http://www.sedar.com.

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