Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Halo Provides Update On 1600 Acre California Farm

Posted by fidest press agency su lunedì, 22 febbraio 2021

Toronto Halo Collective Inc. (“Halo” or the “Company“) (NEO: HALO) (OTCQX: HCANF formerly AGEEF) (Germany: A9KN) is pleased to announce that on February 15, 2021, the Company acquired a 44% ownership interest in Triangle Canna Corp. (“Triangle Canna”) the parent company of Farm Opco (as defined herein). As previously announced in September 2020, the Company partnered with Green Matter Holding Inc. (“Green Matter”) to purchase 1,600 acres of farm property in Lake County, California (the “Farm”). The Farm was purchased by Lake County Natural Health LLC (“LCNH”), which is owned 50% by the Company’s wholly-owned indirect subsidiary, PSG Coastal Holdings LLC and 50% by Green Matter. Triangle Canna and the Farm OpCo are in the process of submitting applications to the California Department of Food and Agriculture for up to 330 California state cannabis cultivation licenses, and have already submitted an application to Lake County, California, for an “early activation” cannabis cultivation permit which, upon receipt, would entitle Triangle Canna to cultivate cannabis on up to 80 acres of the Farm. Triangle intends to complete a financing by filing an offering statement under Regulation A+ to raise up to $75M, subject to qualification by the U.S. Securities and Exchange Commission. Triangle also intends to pursue a listing of its common stock on a recognized North American stock exchange following the completion of its proposed Regulation A+ financing.

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