California Represents 60% of Current Revenue
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE
Halo Labs Inc. (“Halo" or the "Company") (NEO: HALO, OTC: AGEEF, Germany: A9KN) is pleased to announce two key additions to our leadership team. Chad Kanner has been named Vice President of Revenue Development, alongside Gurpeet Sahani who has been appointed as Director of Operations. Both will be based in California.
Chad Kanner will be focusing primarily on developing the Company’s business in California, leveraging his extensive experience in the cannabis industry over the past 9 years to drive the Company’s sales and marketing initiatives. As Owner and CEO of Fresh Off The Bud™, he led the company’s overall business, developing the brand and product assortment to enable successful partnerships and distribution with major retailers such as Eaze, Harborside, and Greenwolf. Chad also is the founder and owner of Alderpoint Farms, where he started and operated a large-scale cultivation facility. With almost a decade of experience in the cannabis industry, Chad has developed strong strategic relationships with many of California’s largest operators which will be valuable in helping drive Halo’s expansion in the state.
Gurpreet (Pete) Sahani, a long-time resident of Southern California, gained early exposure to the industry while attending college in Humboldt County and brings more than 15 years of manufacturing, operations management, product development, global supply chain and sourcing expertise honed while living and working in diverse cultural environments including Japan, China and India. Previously a principal at LGS Consultants, an operations management, supply chain, sourcing and product development advisory consulting firm, Pete worked with industry-spanning manufacturing startups and established companies including vertically integrated cannabis cultivators and distributors to multi-million-dollar international industrial equipment manufacturers, implementing strategies that resulted in improved profitability and optimized production throughput.
Halo is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates, which are the fastest growing segments in the cannabis industry. Halo has expertise in all major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 3.0M grams of oils and concentrates since inception. 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, Nevada and Oregon as well as Lesotho Africa through a strategic partnership. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.
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”.
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, level of activity, performance or achievements of Halo 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.
Among others, the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: adverse changes in applicable laws; changes in general economic, business and political conditions, including changes in the financial markets and the other risks disclosed in Halo’s most recent annual information form. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
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.