HALO COLLECTIVE INC - HCANF STOCK NEWS

Halo Collective Inc. announced that its Budega Westwood Dispensary in Los Angeles has successfully passed inspection and is set to open within 30 days. The dispensary is strategically located along Santa Monica Boulevard, near UCLA, and will feature a retail space of approximately 1,500 square feet with potential expansion to 3,000 square feet. Following the success of its NoHo location, which exceeded financial performance expectations, Halo aims to capture market share in California's growing cannabis sector. The company has also acquired a majority stake in ZXC11, enhancing its footprint in the state.

Halo Collective Inc. (HCANF) reported its Q4 2021 results, achieving revenues of $8.4 million, a 63% increase from Q4 2020, and total sales of nearly 13 million grams of cannabis, marking a 345% year-over-year rise. For the full year 2021, total revenue reached $36.2 million, up 67% from 2020. However, the company faced an adjusted EBITDA loss of $23.6 million and a net loss of $93.0 million. The management aims to enhance profitability through strategic investments and the opening of new dispensaries in California.

Halo Collective Inc. (OTCQB: HCANF) has officially opened its first Budega™ dispensary in North Hollywood, California, marking a significant step in its retail expansion in Southern California. This location, which offers over 1,000 SKUs from top brands including Cookies and Jungle Boys, is performing better than expected. The dispensary, open daily from 7 a.m. to 10 p.m., plans to launch delivery services in April to enhance revenue and market share. Halo has plans for two more Budega stores in the Los Angeles area.

On March 16, 2022, Halo Collective Inc. (OTCQB: HCANF) congratulated Akanda Corp. on its successful debut on The Nasdaq under the ticker symbol “AKAN.” Akanda's shares closed at $10.50, with a high of $31.00 and a low of $8.18, on a trading volume of 1,356,331 shares. Halo is Akanda's largest shareholder, holding 12,674,957 common shares. As part of a lock-up agreement, Halo will restrict the sale of its Akanda shares for 270 days post-trading commencement. Halo continues to focus on expanding its cannabis operations across the West Coast, with ventures in CBD, mushroom beverages, and retail cannabis stores.

Halo Collective congratulated Akanda Corp on its first trading day on Nasdaq, symbol AKAN, on March 15, 2022. Akanda's shares closed at $10.50, hitting a high of $31.00 and a low of $8.18 with a trading volume of 1,356,331 shares. As Akanda's largest shareholder, Halo owns 12,674,957 common shares and has entered a lock-up agreement preventing any share sales for 270 days, with a structured release thereafter. Halo continues to expand its operations in cannabis and wellness sectors across the U.S. and Canada.

Halo Collective has received final approvals from regulatory bodies to begin adult-use sales at its Budega dispensary in North Hollywood, California. The retail outlet is strategically located in a high-traffic area set for significant investment. The 1,200-square-foot store is expected to generate up to $10 million in annual sales, with additional delivery services enhancing market reach. Halo aims to stock 20% of its shelf space with its own brands, potentially increasing profit margins before tax. The opening is anticipated in early March 2022.

Halo Collective Inc. announced that it has received the necessary approvals from the Los Angeles Department of Cannabis Regulation and the California Department of Cannabis Control to launch adult-use sales at its Budega retail dispensary in North Hollywood, CA. The 1,200 sq. ft. facility aims to generate up to $10 million in annual sales. The store will stock over 1,000 SKUs and offer delivery services in the surrounding areas. This opening is part of Halo's strategy to increase net revenue and profit margins through their branded products.

Halo Collective announced that its stock symbol has reverted back to HCANF after a temporary 20-day trading period linked to a share consolidation. The company’s previous symbol included the letter 'D' to indicate the reverse split. Halo is a vertically integrated cannabis company operating in the U.S., primarily in Oregon and California, focusing on the cultivation, extraction, and distribution of cannabis products. Additionally, Halo has expanded into Canada with the acquisition of retail stores and plans further growth in both the U.S. and Canada.

Halo Collective Inc. has announced a ticker symbol change on the OTCQX from AGEEF to HCANF, effective February 1, 2021. This follows a previous news release on January 25, 2021. Shareholders do not need to take any action due to this change. Halo is a vertically integrated cannabis company with operations in California, Oregon, and Nevada, focusing on cultivation, extraction, and distribution. The company is also expanding internationally, with projects in the UK, Africa, and Malta.