Investor Relations This processing facility is expected to be located in Southern Oregon in the Emerald Triangle. 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. Subscribe now and learn how you can capitalize on the Green Age! For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com. 332%. UVI will also provide Halo with rent-free access to its Ukiah facility for the first year of the strategic relationship, allowing Halo the opportunity to manufacture closer to the source of its biomass. Halo’s revenue centric strategy has shifted towards quality of revenue, increased profits, and reduced expenses, to maintain strong cash and working capital positions to take advantage of acquisition opportunities should they arise. An aggregate of 3,832,167 of the Compensation Shares issued in the first tranche were subject to a hold period of four months plus one day from the date of issuance. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Bophelo has secured third party funding of over $1.0 million being used in part to erect and plant an initial hectare that is projected to be fully implemented in the fourth quarter of 2019. Halo Top offers ice cream for just 280-360 calories per PINT. In a new Q&A session between Michael Pachter and his audience, the gaming analyst recounted his conversation with Microsoft regarding the success of Halo 5. However, it’s worth noting that Halo: MCC also ranked in Steam’s Top Sellers of 2019 list, which includes the games earning the most revenue in 2019. The increase in revenues is explained by a 280% increase in grams of oil sold and a 6% increase in average achieved price in comparison with the three months ending March 31, 2018. Meanwhile, the Bophelo acquisition holds a huge amount of promise to propel the Company forward. 2 Experts in cannabis oil and concentrates NEO: HALO / OTCQX: AGEEF / GERMANY: A9KN ... Halo Annual Revenue by Region (USD Millions) 164%. However, the Company had seen this particular transition coming and over the past quarter began to constrict and conserve capital, to survive and thrive in this environment. Halo 5's launch on October 27 represents only the start for the game. DabTabs™ were launched under Halo’s brand, Gilt™. Distillate is now being sourced for less and will by the end of Q2 result in normalized margins in Nevada and a further increase in gross margin. 3 min read. HLO generated revenues of $514,365 and Coastal Harvest $5,324,369. Gross margin was temporarily deflated in Nevada Q1 due to high inventory costs of oil as a result of FIFO inventory accounting. Late Monday, the company said it swung to a 25-cent per-share profit in the third quarter, from a 17-cent loss in third-quarter 2019. HALO Recognition top competitors are 15Five, Officevibe and Kudos and they have annual revenue of $20.3M and 101 employees. Additionally, the Company will consider acquisitions which may help it become more vertically integrated, which in turn will help secure the supply chain and improve gross margin. The Company has also begun operations in Lesotho Africa through a strategic partnership. Halozyme Therapeutics (HALO) delivered earnings and revenue surprises of -41.67% and -21.40%, respectively, for the quarter ended September 2019. The cash used for operations was US$2,057,852, and for capex was US$347,121. Halo Labs Inc. (OTC: AGEEF) posted third-quarter revenue of $7.2 million Thursday, up 99% year-over-year. 1. Halo Top got the nutty flavor down, but it is really just too light with not enough pistachios. ORGANIC GROWTH. 09/03/2019 - Blue Bunny manufacturer to acquire Halo Top LE MARS, IOWA —Well Enterprises, Inc., has entered into a purchase agreement with Eden Creamery, L.L.C. Testing represented 1.5% of revenues (three months ending March 31, 2018: 8.2%), again a strong improvement. On July 22, 2019, Halo launched the Shatterizer™, the first custom vaporizer device designed for the DabTabs™ Dablets™. The Revenue data for the Top 100 companies in the visualization below was gathered from Fortune list of Global 500 companies, which is … On July 18, 2019, the Company announced its inclusion in the OTC Markets Cannabis Index which trades on the OTCQX Market under the ticker: .OTCQXMJ. Halo’s primary business objectives for the remainder of 2019 and into 2020 will be to: On July 16, 2019, the Company entered into an agreement with Falcon International (“Falcon”) to buy out the entire rental premium of its California locations. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Estimated Revenue & Financials. All values USD millions. The average price increase of shatter also contributed to the increase in revenue for the three months ended September 30, 2019. The company achieved revenue of US$157,000 in Q1 2018, meaning Q1 of 2019 was around US$314,0000. In the United States, Halo Labs will continue to build on its prevailing position as one of the country’s leading cultivators, producers and manufacturers of high-quality cannabis and cannabis related products. In connection with the above transaction, certain “related parties” for the purposes of MI 61-101 received Compensation Shares and the issuance thereto is considered a “related party transaction” for the purposes of MI 61-101. Manufacturer of ice cream intended for calorie-conscious consumers. 6. The increase in revenue for the three months ended September 30, 2019 compared to the same period in 2018 was due primarily to an increase of 532,838 grams of distillate sold and an increase of 23,250 grams of shatter sold. 2 Experts in cannabis oil and concentrates NEO: HALO / OTCQX: AGEEF / GERMANY: A9KN ... Halo Annual Revenue by Region (USD Millions) 164%: ORGANIC GROWTH. Valve has revealed which games made the most bank on Steam in 2019, and there are more than a few familiar names at the top of the list. Net revenues of $8,718,503 represent a 302% year on year increase compared to the same period ended in 2018 ($2,168,976), driven by Halo’s improving performance and expansion into the California and Nevada markets. [1] The release of Halo 5: Guardians on October 27th, 2015 pushed Halo's lifetime sales pass $5 billion. Cautionary Note Regarding Forward-Looking Information and Statements. What’s more, depending on whom you ask, Halo Top might now be America’s top selling ice cream brand, period. 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. Your health & safety is our priority, and we're taking COVID-19 very seriously. Halo Top is based in Los Angeles and was founded in 2012 by Justin Woolverton. With the results of financial and operational performance in for Q1 2019, Halo Labs Inc. (“ Halo ” or “The Company”) is thrilled to see significant growth, boasting a 302 percent per year increase. California has undergone large market shifts in the demand for cannabis products, with the market for distillate products diminishing, shifting regulations, and recent issues surrounding the vaporization industry. Investors can call in and Q&A with Kiran Sidhu, the Chief Executive Officer, and Philip Van Den Berg, the Chief Financial Officer, at 9 a.m. EST on Friday, November 15, 2019: Participant Toll Free Dial-In Number: (866) 211-3166 No, this is not a joke! Halo Top built its brand using digital advertising. On September 13, 2019, the Company entered into a bulk supply agreement with Caliva to provide bulk distillate, bulk live resin and live resin packaged as finished products. Halo is part of the Horizon US Marijuana ETF (HMUS for Canada and HMUS.U for the United States). Not for Distribution to U.S. Newswire Servicers or For Dissemination in the United States, All figures in USD unless otherwise stated. Each Halo Top pint has between 240 and 360 calories, and each touts at least 20 grams of protein. As the cannabis market throughout the United States continues to mature, Halo is establishing itself in complimentary markets directly related to the industry. Halo Top’s simple proposition, paired with the online marketing savvy of Woolverton, 39, and his business partner Douglas Bouton, 33, has won over calorie-counting consumers. WMT 7. 09.09.2019. With the implementation of new, proprietary products (e.g. TORONTO--(BUSINESS WIRE)--Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announced its financial and operational results for the third quarter ended September 30, 2019. On February 26, 2019, Halo launched DabTabs™ Dablets in both Oregon and Nevada followed by California in late March 2019. Each month in Q1 Halo delivered improving monthly growth. The Company has expertise across all major cannabis manufacturing processes, leveraging a variety of proprietary processes and products. Like this story? The regulated cannabis market is maturing at an increasingly fast pace and Halo Labs has positioned itself to thrive in the new environment. 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 Bophelo strategic partnership. Halo is a shooter franchise for Microsoft's Xbox, Xbox 360 and Xbox One. The Warrants commenced trading on September 11, 2019 under the symbol HLO.WT.A. Halo 5's launch on October 27 represents only the start for the game. Consistent with prior guidance, the Company launched and is on pace to introduce higher margin Oregon product offerings into the Nevada and California markets by the end of Q2 2019. The Company is currently evaluating the future of the Nevada operations but plans on retaining licenses for the time being as they have significant monetary value. We highlight companies that have the most growth potential by utilizing our proprietary analytics platform. The forward-thinking company is led by a strong management team with deep industry knowledge and blue-chip experience. ORGANIC GROWTH. info@halocanna.com. In addition, the Company offers the Dablets™ Go and the Dablets™ All In One to promote consumer adoption at the point of sale. Completion of this transaction will be subject to the satisfaction of certain conditions including the receipt of any requisite regulatory, governmental and stock exchange approvals. Franchise Year of inception Lifetime revenue Revenue breakdown (est.) Contrary to popular belief, the analyst says that Microsoft told him that the title sold “on par” with games like Halo: Combat Evolved, Halo 2, Halo 3 and Halo 4. Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. Fiscal year is January-December. AAPL 4. The agreement is for an initial twelve-month term with interest accruing at a rate of 9% per annum. Franchise owner(s) Original platform(s) Original genre(s) One Piece: 2000 est. Halo launched a line of cannabis edibles products in Oregon in November of 2018, featuring single piece chews and a syrup-based drink. Unilever was close to buying ice cream maker Halo Top for approximately $2 billion, but backed away from the deal, sources familiar with the negotiations told New York Post. On May 6, 2019, the Company announced the launch of the DabTabs Go™, the first and only ultra-portable vaporizer for DabTabs™ Dablets. Halo is part of the Horizon US Marijuana ETF (HMUS for Canada and HMUS.U for the United States). Continued margin improvement at core manufacturing facility in Oregon with introduction of a customized ERP system. 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. Franchise Year of inception Lifetime revenue Revenue breakdown (est.) The DabTabs™ have also seen better traction with the introduction of premium live resin. 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: unexpected delays or expenses in connection with Halo’s operations, adverse changes to the CBD market, 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 the most recent annual information form. $1.89 billion (as of 2019) One Piece games – $1.771 billion; Shōnen Jump games – $119.3 million; Bandai Namco Entertainment 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. Increase distribution of Gilt™ and Hush™ branded products into California dispensaries by selecting additional distribution partners for Central and Northern California. Margins benefited from an efficiency drive that was implemented at the end of 2018. Microsoft plans to launch more than 15 free DLC maps by summer 2016 , while the $1 million Halo … Halo Top’s five-figure growth was head-and-shoulders above the pack, but No. 9%. HALO Recognition 's estimated annual revenue is currently $20.3M per year. DabTab™ Dablets) as well as implementing existing contracts, the Company is now operating at an annualized production rate of approximately $25MM USD, which is in line with Halo’s previous guidance. 2015 2016 2017 2018 2019 5-year trend; Sales/Revenue 135.06M: 146.69M: 316.61M: 151.86M Continue to increase margins in Oregon with launch of additional innovative products including premium clear concentrates. The second tranche of 6,442,672 Compensation Shares was issued on November 13, 2019 at a price of C$0.26 per share and in satisfaction of C$1,675,096 of payables owed by the Company. While the concentrate business remains strong, the Company is now developing strategies to rebuild the vaporizer business around cannabis derived terpene distillate as well as live resin sauce in cartridges. The branded product portfolio includes distillate and live resin products in addition to live resin dab tabs sold under Hush. Cautionary Note Regarding Forward-Looking Information and Statements. Bulk distillate sales are down in California due to issues in the vape industry overall. Investors can call in and Q&A with Kiranjit Sidhu the Chief Executive Officer and Katharyn Field the Chief Strategy Officer at 4pm EST on May 10, 2019: Participant Toll Free Dial-In Number: (866) 211-3166 For the nine months ended September 30, 2019, revenues were $25.4 million, a 223% increase from the same period last year (nine months to September 30, 2018: $7.9 million). The Agreement specifies pricing and minimum quantities per order by product category of 5 kilograms or more. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Nabis currently distributes over 60 brands to more than 650 dispensaries throughout California while providing an intuitive online platform that brings simplicity and efficiency to the cannabis supply chain. As of July 13th, 2015 Microsoft has sold over 70 million Halo games since its 2001 inception. Halo Top is light ice cream that actually tastes like ice cream. Halozyme Therapeutics, Inc. HALO) reported third-quarter 2019 loss of 17 cents per share, wider than the Zacks Consensus Estimate of a loss of 12 … ... 09/03/2019 - HALO Plans Large Expansion Of New Corporate Headquarters. 332%. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. Focus on manufacturing and selling higher margin products like Dab Tabs™ Dablets and edibles in California and Nevada. The digitally native brand is rolling out its first TV campaign, consisting of four 30-second ads. The Index’s goal is to highlight for investors the diversity of Cannabis companies that meet the financial, disclosure, and corporate governance standards required to trade on the OTCQX Market. As of September 30, 2019, the Company had a cash position of $5.8 million, which including restricted cash of $2.0 million. The Company has shifted its focus to building upon their established B2B sales of oil and concentrate products to dispensaries and will scale this through the first half of 2020. The Company is now analyzing cultivation and retail dispensary opportunities as potential additions and diversification. ... 09/03/2019 - HALO Plans Large Expansion Of New Corporate Headquarters. On September 9, 2019, the Company announced that the warrants issued in connection with Halo’s private placement which closed on June 29, 2018 and business combination which closed on October 2, 2018 were approved for listing on the NEO Exchange. The Company raised bridge financing of US$1.7 million in the three months ending March 31, 2019, and cash at the end of March 31, 2019, was US$361,053. Enter your email below to join the official Technical420 newsletter. To continue delivering improving results, HALO’s primary business objectives this year include: Q1 2019 Financial and Operational Highlights. As of July 13th, 2015 Microsoft has sold over 70 million Halo games since its 2001 inception.1 The release of Halo 5: Guardians on October 27th, 2015 pushed Halo's lifetime sales pass $5 billion. Next Up In Gaming Verge Deals The total contribution to EBITDA from operations was $929,260. ... 2019. Halo issued an aggregate of approximately 2.7 million common shares for the buyout of a portion of rent at these two sites, providing the Company a total savings of C$1.2 million and overall reduced rent expenditure of 26%. While revenues have diminished somewhat, the Company has doubled down on increasing gross profits and reducing expenses to increase cash flow. The cash used for operations in the three months ended September 30, 2019 was $3.0 million. PING. On April 30th, 2019, Halo up listed from the OTCQB Market to the OTCQX Market, the highest tier market that the OTC offers. As Halo Top continues to mature, Wells’ expertise in everything from operations, to managing brands, to making ice cream products for over a century will help Halo Top become an even better product and stronger brand. Shares down. Continue to build its cash position, with working capital of $19.1 million; Seek strategic acquisition targets that diversify revenue streams, create additional distribution channels, and add value to the Halo brands and product suite; Grow quality of revenue and focus on higher margin products like DabTabs™ and concentrates; Further increase margins in Oregon and California by improving efficiencies and reducing cost of goods sold; Continue the Company’s international growth trajectory with the anticipated signing and closing of the proposed acquisition of Bophelo Bioscience and the aggressive expansion of operations in Lesotho; and. Participant International Dial-In Number: (647) 689-6581 After commencing only in November 2018, the facility in California produced 296,283 grams of distillate and 268,709 grams of live resin this quarter. This extraction facility is planned to be established and operating in close proximity to the cultivation site in 2020. SEPTEMBER 2019. 2015 2016 2017 2018 2019 5-year trend; Sales/Revenue 135.06M: 146.69M: 316.61M: 151.86M On October 3, 2018, the Company commenced trading on the Aequitas Neo Exchange Inc., becoming a public company that is traded on the equities markets in Canada. On September 18, 2019, the Company announced that it has entered into an unsecured debt financing agreement (the “Loan Agreement”) with a private arm’s length lender for a principal amount of up to C$10.0 million. to acquire the Halo Top brand. 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". HALO Recognition 's estimated annual revenue is currently $20.3M per year. On April 15, 2019, the Company announced its intent to secure a hemp processing facility to manufacture CBD isolates and distillates, capitalizing on the CBD market which according to the Brightfield Group is projected to grow at a CAGR of 147% and projected to reach US$22 billion by 2022. Read more! The Dab Tab Go is compatible with any 510-thread battery while the All In One offers consumers a vape pen like device to vaporize the Dablets™. Illumina annual/quarterly revenue history and growth rate from 2006 to 2020. 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. On August 26, 2019, the Company announced it had been awarded two permanent California state licenses: a Type 11 Distribution and a Type 7 Volatile Manufacturing, for the company’s second facility in Cathedral City (“ICL 9”). AUGUST 2019. LE MARS, IOWA —Well Enterprises, Inc., has entered into a purchase agreement with Eden Creamery, L.L.C. As part of the transaction, UVI will assist Halo in securing a steady supply of biomass by issuing a right of first refusal to Halo for three years, up to a monthly quota of 15,000 pounds, on all biomass. The Company is currently operating in California and Oregon as well as Nevada with our partner Just Quality. The company's low-fat and non-fat varieties of ice cream appeal to health and calorie conscious consumers and are made using organic and natural ingredients, enabling users to experience healthy variants of ice cream. 332%. Gross margin was 28% before unrealized loss on growth of biological assets in the three months ending March 31, 2019 (three months ending March 31, 2018: -1%). 9%. California continues to be the driving force behind Halo’s revenue growth. Oregon alone experienced an increase in grams sold (28%) and price increase (4%). Halo is now trading on multiple exchanges including a recent up listing to the OTCQX. While this is an improvement over the same corresponding period, the figure is … Halo Labs Reports Record Q1 2019 Revenue of US $8.7MM. ... Halo Top can outsell Ben & Jerry's and Haagen-Dazs. Cost of goods sold were $6,273,930 (three months ending March 31, 2018: $2,183,569) following the increase in revenues and consequently an increase in the cost of goods sold.
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