Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 338

Halo Collective Inc. Reports Record Fourth Quarter and Full Year 2020 Results

Posted by fidest press agency su sabato, 3 aprile 2021

Halo Collective Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: HCANF, Germany: A9KN) today announced its financial and operational results for three and twelve months ending December 31, 2020. The Company reported revenues of $21.6 million for the year ended December 31, 2020, a 23% decrease in comparison with the previous year. Profitability, however, was up overall. Adjusted gross profit, excluding fair value gains in biological assets, impairment of inventory and non-reoccurring costs due to market circumstances, was $5.2 million (compared to $2.9 million in 2019). The adjusted gross margin in 2020 was 24% in comparison with 10% in 2019. Complete results are reported in the Company’s consolidated financial statements for the year ended December 31, 2020 (the “Consolidated Financial Statements”) and associated management discussion and analysis (the “MD&A”).

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