Halo collective news

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Halo Collective Inc. About the company. F underperformed the US Pharmaceuticals industry which returned F underperformed the US Market which returned F's share price has been volatile over the past 3 months.

Halo collective news

We use cookies to analyze user behavior in order to constantly improve the website for you. Learn more. Toronto, Ontario-- Newsfile Corp. The Former Auditor resigned effective June 19, , and the Company's board of directors, upon the audit committee's recommendation, appointed the Successor Auditor to fill the resulting vacancy until the close of the next annual meeting of the Company's shareholders. There was no modified opinion, or other opinion, issued by the Former Auditor in connection with its audit of the Company for the period commencing at the beginning of the Company's most recently completed financial year and ending on the date of Former Auditor's resignation. As disclosed in the Company's press release dated April 3, , the OSC had previously granted a management cease trade order the " MCTO " pursuant to which all trading of the Company's securities by the Company's chief executive officer and chief financial officer was prohibited until the Company's Annual Filings were filed as required pursuant to NI The FFCTO provides an exception for beneficial securityholders of the Company who are not currently and who were not as of June 19, insiders or control persons of the Company and who sell securities of the Company acquired before June 19, if both of the following criteria are met: i the sale is made through a "foreign organized regulated market", as defined in section 1. There is no assurance that the Company will be able to remedy its filing default and have the FFCTO lifted in a timely manner or at all. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this press release. Halo is focused on the United States West Coast, where it has vertically integrated operations covering the entire value chain from seed to sale. Halo cultivates, extracts, manufactures, and distributes quality cannabis flower, pre-rolls, vape carts, edibles, and concentrates. In the non-THC sector, Halo is expanding into health and wellness categories, including CBD and functional supplements such as nootropic nutraceuticals and non-psychotropic mushrooms. Halo has successfully acquired and integrated a variety of companies which were subsequently reorganized to create Akanda Corp. Halo has also acquired a range of software development assets, including CannPOS, Cannalift, CannaFeels, and a discrete sublingual dosing technology, Accudab.

F completed the acquisition of These forward-looking statements are made as of the date of this news release. High Tide Inc.

Yesterday August 15 , the company published its Q2 financial results , reporting plummeting year-on-year sales figures. In the three months to June 30, , Halo saw its revenues drop It attributed these declines to ongoing oversupply in its key markets of Oregon and California, which saw sales declines of Meanwhile gross profits dropped Amid the announcement, Halo announced that as of August 14, it had been delisted from the CBOE exchange, but offered little explanation.

Toronto, Ontario-- Newsfile Corp. The decrease was primarily attributed to pricing challenges in the cannabis markets of both Oregon and California. These regions have witnessed an oversupply of cannabis flower, leading to downward pricing pressure on the Company's products. Total sales volume for the three months ended December 31, , totaled 1,, grams, marking a significant The reported gross margin for this period was 1. Despite this decrease, the reported gross margin for the year ended December 31, , was As of December 31, , Halo reported no unrestricted cash available. The Company remains committed to its strategic direction and continuous efforts to adapt to market dynamics. The decline in revenues was primarily attributed to the challenging market conditions in both the Oregon and California cannabis markets.

Halo collective news

Not for Distribution to U. Toronto, October 25, — Halo Collective Inc. Halo is focused on the United States West Coast, where it has vertically integrated operations covering the entire value chain from seed to sale. Halo cultivates, extracts, manufactures, and distributes quality cannabis flower, pre-rolls, vape carts, edibles, and concentrates.

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Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. There was no modified opinion, or other opinion, issued by the Former Auditor in connection with its audit of the Company for the period commencing at the beginning of the Company's most recently completed financial year and ending on the date of Former Auditor's resignation. Business of Cannabis North America. Discover new investment opportunities, market analysis, and more in our stocks category. Halo Collective Inc. F entered into a share exchange agreement to acquire the remaining Europe North America. High Tide Inc. The Company also reports that its securities have been delisted from the CBOE Exchange effective as of the close of markets August 14, These forward-looking statements are made as of the date of this news release. Halo is focused on the United States West Coast, where it has vertically integrated operations covering the entire value chain from seed to sale. See Fair Value and valuation analysis. BofC New York.

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Halo intends to reorganize these entities including their intellectual property and patent applications into a subsidiary called Halo Tek Inc. In addition to respecting you, Newsfile is respected as an accredited source of business news—making every story we handle become trusted for retail and institutional investment decisions. Login Search Search. It can be challenging for PR professionals to navigate through an array of tools and strategies. Learn about the latest developments in the pharmaceutical cannabis industry with Business of Cannabis. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking 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 or implied by such forward-looking statements which may include the failure of the Company to comply with applicable regulatory requirements, the Company's inability to complete and file the Required Filings, the failure to satisfy requirements to remove the FFCTO, the resignation or removal of an auditor; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates. Pharmaceutical Learn about the latest developments in the pharmaceutical cannabis industry with Business of Cannabis. Send Message. F underperformed the US Pharmaceuticals industry which returned Learn about new products, industry insights, and more. Press releases. Cookie Settings We use cookies to analyze user behavior in order to constantly improve the website for you. In the three months to June 30, , Halo saw its revenues drop During this quarter, the Company sold a total of 1,, grams, marking a