Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 348

Halo Announces Promotion of Katie Field to President of Halo and Provides Bophelo Bioscience Update

Posted by fidest press agency su venerdì, 14 febbraio 2020

Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that former Chief Strategy Officer, Katharyn M. Field, has been promoted to President of Halo effective February 12, 2020. Ms. Field has been a critical member of the Halo team since April 2019. Halo also expects Louisa Mojela to be appointed to Chair of the Board upon the closing of Halo’s proposed acquisition of Bophelo Bioscience (“Bophelo”).Ms. Field is a strategy consultant and executive with a career spanning both the private and public sectors. Ms. Field’s resume includes notable companies and institutions such as The White House, The Brookings Institution, and Bain & Company. In 2014 she entered the cannabis industry and led the procurement, build out, and sale of one of five original vertically integrated state licenses in Florida. Subsequently, Ms. Field operated a strategy consulting practice focused on cannabis and also spent time at MariMed in 2018 as Executive Vice President of Corporate Development. She holds an MBA from Columbia Business School and a BA with honors from Stanford University. Katie Field, President of Halo, comments, “I am honored to be promoted to President of Halo during such an exciting time in the Company’s development. With our growth both in the US as well as internationally, Halo is poised to become a cannabis conglomerate with a global footprint. There is no better time to be leading the Company in a more prominent role as the expansion continues.”Additionally, Halo expects to appoint Ms. Mojela to Chair of Halo’s board of directors, replacing Fred Leigh who will remain as an independent director. Ms. Mojela successfully founded and listed Women Investment Portfolio Holding Limited on the Johannesburg Stock Exchange that has grown to be worth over USD $250M today. She has led capital raises and held directorships at companies such as Sasol Mining (NYSE: SSL), Ixia Coal, South African Airways, Ericsson SA, Adcorp (SJ: ADR), and Sun International (SJ: SUI) amongst others.With Ms. Field and Ms. Mojela serving in senior leadership capacities at Halo, the Company will have one of the most diverse leadership teams in the cannabis industry. As a whole, the cannabis industry is largely lacking diversity in leadership positions. According to Marijuana Business Daily, less than 30% of executives in the Cannabis industry are women and less than 20% are minorities. Studies conducted by McKinsey & Company also show that companies with diverse executive teams are 21% more likely to experience above-average profits. In a growing corporate climate where diversity is becoming more critical, Halo is leading the forefront in the cannabis industry.Kiran Sidhu, CEO and Co-Founder of Halo, comments, “I am pleased that Ms. Field will serve as our first President. Also, the planned appointment of Ms. Mojela to Chair will be a historic step as the first African woman to serve as Chair of a publicly traded cannabis company. With the anticipated closing of Bophelo on the horizon, we look forward to having Ms. Mojela join our team and grow with Ms. Field serving as Halo’s President.”
In Lesotho, Africa, the initial harvest at Bophelo has begun. There are currently 350 cannabis plants that are currently flowering and being harvested with more than 1,000 additional plants still in the production cycle. Bophelo operations are progressing with Co-Founder and COO of Halo Labs, Andreas Met, currently facilitating the processes in Lesotho and working towards obtaining European Union Good Agriculture and Collection Practices certifications. The Company is anticipating closing the Bophelo acquisition shortly.


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