Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Halo Labs Reports 118 New Dispensary Customers In Q1 2020 An Increase of 58% Quarter over Quarter

Posted by fidest press agency su giovedì, 16 aprile 2020

Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announced that the Company has sold its products into 118 new dispensaries[1] (62 new dispensaries in California and 56 new dispensaries in Oregon) in the first calendar quarter of 2020. This represents an increase in the Company’s dispensary customer base of 282% in California and 19% in Oregon compared to Q4 2019 ending December 31, 2019.
The total number of stores currently penetrated 84 of 591 in California and 236 of 659 in Oregon represent approximately 14% and 36% percent of the total licensed dispensary market indicating plenty of room to continue the rapid rate of opening new customers. The Company attributes the trajectory of promising dispensary sales results to several strategies including expanding product selection both breadth of categories and depth of SKUs and increased segmentation of product offering to compete in key categories such as cartridges which are now available in cannabis derived terpene and live resin formulations.
Halo is a leading cannabis cultivation, manufacturing, and distribution company that grows and extracts and processes quality cannabis flower, oils, and concentrates and has sold over 5 million grams of oils and concentrates since inception. Additionally, Halo has continued to evolve its business through delivering value with its products and now via verticalization in key markets in the United States and Africa with planned expansion into European and Canadian markets. With a consumer-centric focus, Halo markets innovative, branded, and private label products across multiple product categories.www.sedar.com.

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