Halo Labs Comments on Recent Market Activity
TORONTO--(BUSINESS WIRE)--Jan 17, 2020--
Halo Labs Inc. (“Halo” or the “Company”) (OTCQX:AGEEF), wishes to make the following statements regarding recent market activity concerning its common shares (the “Common Shares”) traded on the OTCQX marketplace.
The Company became aware of certain promotional activity on its securities on January 14, 2020 when it received correspondence from OTC Markets. The Company has no knowledge of any promotional activity other than its understanding that there appears to have been promotional material describing the prospects of its business, recent press releases and the investment opportunity related to its securities. Although the Company has no way of directly correlating such promotions to their impact on its securities, the effect of this on the Company’s securities may have resulted in an incremental increase in trading volume, in addition to recent press releases by the Company regarding expanding product offering online via Eaze and the announcement of the closing of the MDT transaction which represent completion of milestones to grow the Company’s business in California.
The promotional material presents a general overview of the Company’s business and operations, including citing recent press releases. It contains some speculative language and forward-looking statements about investment potential, but the Company does not believe it contains any materially false or misleading statements about the Company and its products. The Company engaged Cay Innovation on January 13, 2020 for the purpose of business development, marketing and public relations, and while the promotional material referenced above was not directly procured or paid for by the Company, the Company was not at any time provided a copy of such materials by Cay Innovation, and the Company had no editorial control over the content, the Company acknowledges that it may have indirectly contributed to the creation and distribution of such material due to its engagement of Cay Innovation.
The Company routinely responds to inquiries from shareholders, potential investors, and investment analysts, and generates its own marketing materials. However, to the Company’s knowledge, neither the Company, its officers, directors, any controlling shareholders, or any third- party service providers have, directly, or indirectly, authorized or been involved in any way (including payment to a third party) with the creation or distribution of promotional materials that make any exaggerated or misleading claims about the Company or its securities.
Since January 17, 2019, the Company has engaged the following third-party providers of investor relations, public relations, marketing and other related services: Bullvestors, Emerging Growth LLC, Piccolo PR, Hybrid Finanical, Cay Innovation, Midas Letter, Stonebridge Partners, Rich Live TV, Green Times Consulting, and 8787668 Canada LTD CAD.
Upon inquiry of management, directors, control persons and third-party service providers, during the past 90 days, no insiders of the Company purchased/sold shares of the Company. The Company is unaware of any such persons having executed any sales transactions during such time period.
The Company issued equity securities on September 9, 2019 to Bora Bora Technologies and Cay Innovation for a cumulative amount of 8,868,205 common shares at CAD$0.35, which represented a 20% discount to the market rate at the time of issuance.
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.
For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com.
Cautionary Note Regarding Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Halo’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Halo’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, the acquisition and merger into Halo of LKJ11 LLC and Crimson and Black, LLC.
By identifying such information and statements in this manner, Halo is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Although Halo believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Halo does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Halo or persons acting on its behalf is expressly qualified in its entirety by this notice.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200117005468/en/
CONTACT: Halo Labs
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: BIOTECHNOLOGY PHARMACEUTICAL HEALTH
SOURCE: Halo Labs Inc.
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PUB: 01/17/2020 04:00 PM/DISC: 01/17/2020 04:01 PM