Halo Labs (NEO:HALO) Launches the Shatterizer Vaporizer Device

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The Digital Businesss Channel for Cannabis, Crypto and Technology Stocks.

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Notice for Forward-Looking Information

Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such forward-looking information includes that HALO Labs Inc will be a big, successful company in the cannabis sector; that cannabis use and sales will grow and HALO’s sales along with it; HALO’s intended acquisition of various foreign companies and expansion into the US market; that extraction is and will continue to be a fast growing and profitable sector of the cannabis industry; that HALO will reach $48M in revenues in 2019; HALO’s plans to produce concentrates and sell them in various locations throughout the world; that HALO could be granted licenses to expand; and that it will be able to carry out its business plans.

Readers are cautioned to not place undue reliance on forward-looking information. Forward looking information is subject to a number of risks and uncertainties that may cause actual results or events to differ materially from those contemplated in the forward-looking information, and even if such actual results or events are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on HALO. Such risks and uncertainties include, among other things: that a regulatory approval that may be required for the intended acquisitions and subsequent sales are not obtained or are obtained subject to conditions that are not anticipated; growing competition for intended acquisitions in the cannabis industry; potential future competition in the markets HALO operates for sales; competitors may quickly enter the industry; general economic conditions in the US, Canada and globally; the inability to secure financing necessary to carry out its business plans; competition for, among other things, capital and skilled personnel; the possibility that government policies or laws may not permit legal cannabis sales or growth or that favorable laws in place may change; HALO not adequately protecting its intellectual property; interruption or failure of information technology systems; the cannabis market may not grow as expected; HALO’s technology may not achieve the expected results and its accomplishments may be limited; even if it is granted patents, it may not have success at licensing its technologies or sell its products at the rate expected; planned acquisitions and partnerships may not materialize because of inability to agree on terms with prospective partners or targets; HALO’s business plan also carries risk, including its ability to comply with all applicable governmental regulations in a highly regulated business; incubator risk investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US federal and foreign laws; and other regulatory risks relating to HALO’s business, financings and strategic acquisitions, including securities laws, trade rules, and foreign country regulation that is not the same as Canadian or US regulations.

DISCLAIMERS

PAID ADVERTISEMENT. This communication is a paid advertisement and is not a recommendation to buy or sell securities. James West, Global Financial Network Ltd. and Midas Letter Media Corp. and their owners, managers, employees, and assigns (collectively “the Company”) has been paid by the profiled company or a third party to disseminate this communication. In this case the Company has been paid by HALO $300,000 US dollars for a newsletter campaign and certain banner ads, and a budget of $450,000 is in place to place newsletters in social and other media. In addition, the Company owns 40,000 shares of HALO, and will benefit from its price appreciation. This compensation and our share ownership in HALO is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Gains mentioned in our newsletter and on our website may be based on end-of- day or intraday data. We have been compensated by HALO to conduct investor awareness advertising and marketing for HALO. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the profiled company. The profiled company or its affiliates may liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our newsletters experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur.

We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our communications and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public and non-public sources but is not researched or verified in any way whatsoever to ensure the information is correct.

SHARE OWNERSHIP. The Company, which includes the owner and publisher of the Midas Letter may own shares and/or stock options of this featured company and therefore has an additional incentive to see the featured company’s stock perform well. The Company will not notify the market when it decides to buy or sell shares of this profiled company in the market. The Company may be buying and selling additional shares of the featured company for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR. The Company and its affiliates are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

INDEMNIFICATION/RELEASE OF LIABILITY. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing the Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

RISK OF INVESTING. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities.

Halo Labs Inc (NEO:HALO) (OTCMKTS:AGEEF (FRA:A9KN) CEO Kiran Sidhu joins James West from The Wine Academy to detail the release of the Shatterizer™. The portable device is the first custom vapourizer made for the DabTab™ Dablets™ allowing consumers to experience flavourful concentrates, waxes, live resin, distillates and many other forms of cannabis extracts in a precise doseable format. The CEO outlines the differences between all the varieties of cannabis extracts and the anticipated uptake from customers in the US cannabis market. The rollout sold out Halo’s initial inventory of the portable vapourizer device. The Company has launched the initial rollout of the Shatterizer™ in Oregon, selling the product in 30 accounts with expectation to reach more in the near-future.

 

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Notice for Forward-Looking Information

Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such forward-looking information includes that HALO Labs Inc will be a big, successful company in the cannabis sector; that cannabis use and sales will grow and HALO’s sales along with it; HALO’s intended acquisition of various foreign companies and expansion into the US market; that extraction is and will continue to be a fast growing and profitable sector of the cannabis industry; that HALO will reach $48M in revenues in 2019; HALO’s plans to produce concentrates and sell them in various locations throughout the world; that HALO could be granted licenses to expand; and that it will be able to carry out its business plans.

Readers are cautioned to not place undue reliance on forward-looking information. Forward looking information is subject to a number of risks and uncertainties that may cause actual results or events to differ materially from those contemplated in the forward-looking information, and even if such actual results or events are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on HALO. Such risks and uncertainties include, among other things: that a regulatory approval that may be required for the intended acquisitions and subsequent sales are not obtained or are obtained subject to conditions that are not anticipated; growing competition for intended acquisitions in the cannabis industry; potential future competition in the markets HALO operates for sales; competitors may quickly enter the industry; general economic conditions in the US, Canada and globally; the inability to secure financing necessary to carry out its business plans; competition for, among other things, capital and skilled personnel; the possibility that government policies or laws may not permit legal cannabis sales or growth or that favorable laws in place may change; HALO not adequately protecting its intellectual property; interruption or failure of information technology systems; the cannabis market may not grow as expected; HALO’s technology may not achieve the expected results and its accomplishments may be limited; even if it is granted patents, it may not have success at licensing its technologies or sell its products at the rate expected; planned acquisitions and partnerships may not materialize because of inability to agree on terms with prospective partners or targets; HALO’s business plan also carries risk, including its ability to comply with all applicable governmental regulations in a highly regulated business; incubator risk investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US federal and foreign laws; and other regulatory risks relating to HALO’s business, financings and strategic acquisitions, including securities laws, trade rules, and foreign country regulation that is not the same as Canadian or US regulations.

 DISCLAIMERS

PAID ADVERTISEMENT.This communication is a paid advertisement and is not a recommendation to buy or sell securities. James West, Global Financial Network Ltd. and Midas Letter Media Corp. and their owners, managers, employees, and assigns (collectively “the Company”) has been paid by the profiled company or a third party to disseminate this communication. In this case the Company has been paid by HALO $300,000 US dollars for an article and video campaign and certain banner ads, and a budget of $450,000 is in place to place newsletters in social and other media.

This communication is for entertainment purposes only. Never invest purely based on our communication. Gains mentioned in our newsletter and on our website may be based on end-of- day or intraday data. We have been compensated by HALO to conduct investor awareness advertising and marketing for HALO. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the profiled company. The profiled company or its affiliates may liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our newsletters experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur.

We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our communications and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public and non-public sources but is not researched or verified in any way whatsoever to ensure the information is correct.

SHARE OWNERSHIP. The Company, which includes the owner and publisher of the Midas Letter may own shares and/or stock options of this featured company and therefore has an additional incentive to see the featured company’s stock perform well. The Company will not notify the market when it decides to buy or sell shares of this profiled company in the market. The Company may be buying and selling additional shares of the featured company for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR.The Company and its affiliates are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

INDEMNIFICATION/RELEASE OF LIABILITY.By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing the Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

RISK OF INVESTING.Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities.

 

Transcript

James West: We’re joined now by Kiran Sidhu, who is the CEO of Halo Labs. Kiran, welcome back.

Kiran Sidhu: Thanks for having me.

James West: Kiran, you guys today announced the release of the Shatterizer, and I had the good fortune to try the Shatterizer in California last time we got together. But why don’t you tell me, quickly, what is the value proposition inherent in the Shatterizer? Why is it better than anything out there right now?

Kiran Sidhu: Well, first of all, it’s the first of a series of custom devices that we’re launching with our partner, Elo (phon) for the DabTab line, similar to what PAX has done with the PAX Era and Grenco Science has done with the GO, except we’re expanding the devices to suit the exact consumer. So the first one we’ve come out with is for whom I call the professional dabber. So this device is, in my mind, equivalent to using a rig or using a rig with, you know, the torch, but it’s on the go.

James West: Right. Well, that’s what I like about it, is because normally to dab you’ve got to have your dab deck, your spike, your torch, your funnel, and then you’ve got to have your liquid, which invariably you get it on you and your jeans and on everything else – it’s like, it’s sticky, especially after you’ve done it and you’re like a little bit more high than you’re normally used to, probably, if you’ve got the real stuff. And, you know, then it’s just a disaster, because then your – you know, your whole thought process…

Ed Milewski: This is a one-hit thing? Is this a one – 

Kiran Sidhu: Well, it depends on your voracity of your lungs. For me, personally, this is a good three or four hits, one and a half to two hours; but to a professional dabber, we’ve made it such that this is a one very good, strong hit. And I bet you, you know, you were talking about a golf game; I bet you your golf game would much improve, especially your putting, after you use this. So I highly recommend this for you golfers. [laughter]

The other thing is, I heard a good piece of news this morning, is that in Kelowna, Valens has gotten permission to use volatile extraction, which is great. So all the Canadians now can legally enjoy live resin and shatter, you know, the crème de la crème, the cru de la cru, of cannabis, hopefully sometime over the next six to eight months.

Ed Milewski: Because the method of extraction allows for – 

James West: Concentration.

Kiran Sidhu: Pure concentration. Because today, volatile extraction is the way that pulls more of the cannabinoid spectrum. It allows you to make different products, like live resin and shatter, that are more difficult to make with CO2. With CO2 you can make a wax, but you can’t make a caviar-style live resin, or sauce with diamonds, or really nice shatter.

James West: Okay. Let’s stop right there for a sec, because you’ve just used some terms that, unless you’ve been a lifelong immersed in the extracts field, nobody knows what they are. So first of all, let’s start with shatter: What, exactly, is shatter?

Kiran Sidhu: Well, what shatter is, is you take very high-grade dried material.

James West: So, dried flower?

Kiran Sidhu: Dried flower, or dried trim, or dried B-buds. You put them in a volatile extraction method.

James West: Volatile meaning either – ?

Kiran Sidhu: Butane or propane. And you use a column. You put it in a column, and you bring in the solvent at a very cold temperature, and then you quickly turn it into gas. It will evaporate, and then a sludge will come to the bottom of the catch, as we call it, at the bottom of the column. You take that, and as you are making cookies or candy, you spread it openly on for shatter, on a, almost like a cookie pad, it looks like, with a wax cover.

James West: Baking sheet?

Kiran Sidhu: Baking sheet. And you put it in a vacuum dessicanter [sic] that looks like an oven, where you apply pressure and temperature to purge out all the residual solvents. In California, you can’t be left with one part per billion.

James West: Wow.

Kiran Sidhu: And then it hardens; hence, it’s called shatter. And so if you drop it on a table, it would shatter. And then you pack it in nice wax, flat, and you sell it. And it’s, you know, it’s, in Oregon, it’s the largest – it’s by far the highest-selling concentrate.

James West: Now, tell me: how does shatter get, from, like, the highest THC content of dried plant material will be, call it, 30 percent; 35, in some cases. And how do you get to 80 and 90 percent shatter when you start with only 30 percent dried flower?

Kiran Sidhu: So, let’s first talk about shatter. Shatter typically is 50 to 60 percent THC, but it’s full spectrum. Because remember, I’m taking the sludge, or what we call the precursor, out of the catch, and I’m spreading it and I’m baking it under pressure, okay? So I have a full cascade, full entourage, full cannabinoid spectrum. So therefore, it’s not only psychotropic – so, sometimes you smoke a vape pen and you’re like – here, it’s much more of what I call a full spectrum effect.

James West: Right.

Kiran Sidhu: Which, ironically, a lot of medical users actually prefer, because with the CBD, CBN, CBG, it also works on the receptors in your body.  And hence, that’s why people, as they evolve from the vape pens into the concentrates, prefer the shatter or the live resin.

James West: Okay, so shatter isn’t necessarily a concentrate, then; it’s just a pure extract that is full spectrum?

Kiran Sidhu: It’s – this is all a play on words. It’s concentrated, it’s the concentrated oleoresin from the flower, that is full spectrum.

James West: Okay, right.

Kiran Sidhu: A full-spectrum concentrate.

James West: So now, I hear about 80 percent shatter, 92 percent shatter, I’ve heard people using on YouTube. I’ve been watching a lot of dab and shatter videos just because the discrepancy in the experience on an anecdotal basis that I hear from all these people is just like, I can’t put a finger on it.

Kiran Sidhu: Yeah, but I personally have never seen 90 percent shatter. You can maybe take some distillate and sort of add it to it, to increase the potency. Typically, the shatter we sell, and we’ve sold, you know, well over a million, maybe 2 million grams of it since April of 2016, has a potency in the range of 55 to maybe 70 percent.

But remember: as a concentrate user, you’re not going after that pure THC psychotropic high. You’re going after that full spectrum or broad spectrum effect that affects both your body and your brain, the way it naturally is supposed to occur. [laughter]

James West: Right. Okay, so then, what is wax?

Kiran Sidhu: So wax is another concentrate, and it looks like wax. Where shatter shatters, wax is like wax, so you can scoop it like candle wax. You can make wax from volatile processes, but you can actually make wax, also, from CO2 and ethanol processes.

James West: Okay.

Kiran Sidhu: But it’s very difficult, but certain people have done it, and it’s very expensive. Through ethanol, you can still make a form of shatter. So maybe the form of shatter that your folks are talking about is the very, very high-end one that you may make from an ethanol process.

James West: Okay. I’m still confused.

Kiran Sidhu: I am, too.

James West: [laughter] Is it possible that everybody’s confused and everybody’s using all this interchangeably, and that – 

Kiran Sidhu: Oh, so the names: like, there’s butter, there’s, you know, there are all these names, but there’s clearly shatter, and there’s clearly live resin. Live resin, for instance, is by far the most desired concentrate in California. And live resin is different from shatter in the effect that live resin starts with a whole plant, the whole usable marijuana plant, frozen, flash-frozen in the field, which preserves the cannabinoids and the terpenes, the flavours. And then you take that  – you never let it thaw – and you put that frozen content in the column, and then that makes a caviar-like substance which is known as, like, live resin, which is considered the highest, the cru de la cru of concentrates.

James West: Really?

Kiran Sidhu: Right. Yeah. 

James West: Yeah, well, that’s what we sampled down in California last time.

Kiran Sidhu: Yeah, I remember that, I remember.

James West: [laughter] You do?

Kiran Sidhu: You laughed more than you typically do, which is kind of rare.

James West: Well, not really, actually, interestingly! 

Ed Milewski: But the resin – is that the wax? No.

Kiran Sidhu: No, no. Wax is, again, a separate process. There are so many different types of concentrates, but predominantly you’ll see shatter, and another name for it in Nevada is cured live resin, and then you’ll see live resin, and now you have even a more esoteric version developing called terp sauce with diamonds, where you actually put it in a pressure cooker for t wo to three weeks. What comes out of the catch, typically the live resin, and then it separates into the sauce, and into the diamonds.

James West: Okay.

Kiran Sidhu: The diamonds are basically THC honeycombs.

James West: Okay, so crystalline THC?

Kiran Sidhu: Correct, correct.

James West: So we also used to occasionally encounter pure THC in a powdered format that was crystalline in nature, that would give you almost a, I call it a hallucinogenic complete body stone effect.

Kiran Sidhu: Right, yeah.

James West: My sixteenth birthday, I did pure THC.

Kiran Sidhu: That’s THC isolate, and it’s – in the states we operate in, it’s not as desired as more of these natural forms of, you know, in terms of in the concentrate market.

James West: Right.

Kiran Sidhu: Obviously when it comes to THC, it’s all about the flavour. You know, when you distill and you have a vape cartridge, and the concentration you prefer. Do you prefer 80 to 85, 90, what do you prefer? Do you prefer your terpenes to be a lavender or a food-grade terpene, a bubble gum…in Oregon you can’t use Skittles, but in M&Ms or what have you.

James West: Sure. 

Kiran Sidhu: In California, I think you can. Don’t quote me! Please, please, please, the audience – I don’t know if I’m right, there. But in any event, you know, the vape pens are a different segment. God, this is a lot for a former banker and, you know, guy from banking to learn. But having packed columns since 2013, you learn a lot.

James West: Right, right. So one of the guests, one of the viewers in YouTube is saying that Halo Labs has a goal: $1 billion. SP will become $5 USD in the future. Many sell the stock now, but why?

Kiran Sidhu: I think that the issue with us, interesting – sell the stock now – has to do with, we, historically, until the Bophelo acquisition, have been an organic growth company, and we’ve grown considerably organically. But right now, it seems like there’s a very big trend in the market to either to merge and to grow. So I think part of what we have to do to achieve a value, let’s say, sometime in the future – I wouldn’t say $1 billion, but I would say if we can double our value or double our share price, we’re going to have to look at acquiring or look at merging with companies that make logical sense, that fit with us. You know, in the near term.

Ed Milewski: How long did it take you to get approval in Oregon for that product? Like, what’s that process go like? Like, you submit the product?

Kiran Sidhu: Well, yeah. I think there’s – in Oregon, it’s pretty extensive. So you have to submit the product, you have to submit the packaging. In Nevada, everything has to be food-grade. So there’s a whole, extensive series of, you know, what is the SOP for the project. Every state varies a little bit, but it is a myriad of, you know, it’s – you know – 

Ed Milewski: Once you’re approved, it gets obviously – or no?

Kiran Sidhu: Not really. Every state is its own island, and they don’t really, you know, they really don’t look at it that way. They look at approving you in every state a little differently.

James West: Great. Okay, so now, what’s your anticipated uptake of this product in, for example, the California market?

Kiran Sidhu: We think, in the California market, this product is going to sell well, and even though with the DabTab you don’t necessarily need a custom product, the feedback we got from our dispensary partners is, you definitely want to have a custom product. And this product is great, you know, as you said, because it’s portable. It’s portable dabbing, and it’s portable, dose-able dabbing. So this is, remember, the DabTab is the first American national standard institute, you know, dose-able device for cannabis. 

And the other cool thing about it that you didn’t show, is that it’s all in one go, right?

James West: Well, your stash can be right – 

Kiran Sidhu: Your stash is right in here, right? It’s kind of cool.

Ed Milewski: See if you can get much in there.

Kiran Sidhu: You can get four or five in here.

James West: Which is enough for us to be stoned for about two weeks, Ed.

Ed Milewski: What does this retail for, this, right here? Or do you buy five?

Kiran Sidhu: I think this is retailing – no, you buy one. I think this is retailing in the region, depending on local taxes, between $79 to $99, and it comes with, you know, with your charger. It comes with an extra bowl, an extra ceramic bowl, and it comes with some extra washers. So this product will last you probably a good year, year and a half, and then you – maybe a year – and then maybe you get some more replacements for it. mine is going strong without a replacement after a couple of months, and I have a prototype.

Ed Milewski: I’m a pot user, but I don’t know the answer to this question: does the marijuana come with that, or do you have to – is that something you – 

Kiran Sidhu: No, no. You have to buy that separately.

Ed Milewski: Okay, so this is the device.

Kiran Sidhu: Yeah. You buy the tabs, this is the device – 

Ed Milewski: Yeah, you’re not getting free.

James West: No. This is a specialized device designed to take the DabTabs, which are tiny, 10-sided tablets.

Ed Milewski: These are your DabTabs, too?

Kiran Sidhu: No, these are DabTabs we license from a sister company called Elo, but we have exclusive rights in Nevada and California.

Ed Milewski: Okay.

James West: Wow. So how soon till we can legally smoke live resin in a DabTab in the Shatterizer, in Canada?

Kiran Sidhu: Gotta go talk to the guys who are doing volatile extraction. I would say probably, you know, it’s Health Canada, so it’s a government health agency. They don’t do most things on time. 

James West: Right, right.

Kiran Sidhu: So I would say probably within nine months. This is, you know, there’s some Canadian LPs already looking at this and have asked for samples, and are poking around with it.

James West: Right. But I don’t need to use just a DabTab; I could stick, like, a tiny bit of dried flower in there?

Kiran Sidhu: Not on this one. This is a custom device, a custom rig, as we call it, for the DabTab, for the DabTabs. And this is what the dispensaries asked for. So it can be a paired product like the PAX Era, like the Grenco GO. The first one we have done is at a price point of 79 to 99, but’s a strong product, so you can get a real good dab.

The second one, which is called the Go, which will be released in the next three months, looks more like a vape pen, and you just pop it in there; but it doesn’t give you – it’s more of a slow draw, vaporizer type of effect. So they’re two devices that are addressing two different market segments.

James West: Cool. All right, so now, I want to talk a bit about the Bophelo acquisition and Lesotho as a country and as a methodology for supplying Europe. So we’ve seen Aphria, Canopy, Aurora have all made moves into Lesotho, and I’m at a loss to understand how that equates to supply to Europe.

Kiran Sidhu: So don’t forget Supreme, as well.

James West: Supreme, as well.

Kiran Sidhu: They were the first. Remember they paid, what, $10 million for a 10 percent stake in a business plan.

James West: Right.

Kiran Sidhu: Which is now, with all respect to Nav and his team, it’s a beautiful operating facility, and also our good friends over at Bedrocan in Holland, who I think will soon be entering Canada at some point again, they blasted a side of a mountain and are putting a very large indoor there.

I think the reason that everyone is there is because, from a legislative standpoint and from a geographic standpoint and from a historical standpoint, Lesotho is one of the best places on the planet to grow. And our strategy there is a little different than others. So we, I have this saying: there’s the T, which is THC, and then there are all the C’s. And all of them grow on one plant, which is the marijuana plant.

On the hemp plant, down to industrial hemp, a lot less of the Cs grow and very little T grows, but it’s the same genomic sequence. So you would sort of look at industrial hemp plant is myself, and you would look at a cannabis plant within the same sequence as an Arnold Schwarzenegger.

The beauty of Lesotho is that we can grow Arnold Schwarzeneggers outside that make tons of Cs, so we have much more efficient extraction, and a lot of T, which we can bank for when T becomes more prevalent. But all of those Cs – CBG, CBN, and most importantly, CBD – are fairly loosely regulated. And so depending on the oil we make, we can export it even to the United States.

So our strategy is a revenue strategy over the next six to nine months focused on the Cs in a place that gives us a unique competitive advantage, with the ability to grow cost-effectively, cannabis plants to manufacture the entire cannabinoid, you know, the entire spectrum.

James West: Right. As extracted products that can be shipped to Europe because they’re EU GMP-certifiable.

Kiran Sidhu: That is for the T. The T is that way. The C isn’t that way. However, with the C, the Cs being CBD, CBG, CBN, with those, it’s very important to understand that we want to be Global G.A.P. and what’s known as FFC22000, which means that they’re made to the highest standards, so you know, one day a company like General Mills or Heinz Foods, or someone enters the business – they’re going to be looking for a supplier that’s Global G.A.P., that treats their employees fairly, that respects the land, that recycles the water. That, to us, is almost a more important standard than CGMP. Because as you know, we were in Europe, and one thing I learned in Europe is that the entire imports, and I could be wrong with this fact, but what Bedrocan was telling me was that the entire imports to Germany last year of THC was about 100 to 150 litres.

If you remember, our targeted capacity in our 1,700 square foot facility in California is 100 litres, and we easily sell, say, 300 litres a month in California at this point. 

So you can imagine that it’s a small market. However, the CBD market is booming worldwide. It’s absolute booming market. And so, to be able to use the cannabis plant, which is sort of the Arnold Schwarzenegger, where others can’t use, and whether you grow it here in, you know, in Canada, in British Columbia, or you grow in Kentucky, the world is separated. So you have the seed to sale THC world into dispensaries, and there’s an iron wall there, and then you have this industrial hemp world into CBD.

The beauty is, in Lesotho, that wall doesn’t exist. So you can grow a plant and extract what you want, and sell it where you want, subject to the importation laws of the other country.

James West: Right. So a cannabis plant that’s high in THC and CBD is obviously going to produce a much lower cost of concentrated extract on the other end than will a hemp cannabis plant that’s running 2 to 5 percent CBD and almost no THC.

Kiran Sidhu: Brilliant. That is exactly it. you hit the nail on the head.

James West: It only took me – [laughter]

Kiran Sidhu: And the ability to do that in Lesotho is key, and it’s an ability for what I call instant on revenue. And not instant being today or tomorrow but, by say late Q1, Q2, because we’re already popping those seeds. We’re already starting that; we’re already doing a one-hectare indoor grow, right, for validation. And then we’re going to see, we have conditional permission to already grow outside, right?

And the other beautiful thing about it is, we’ll obviously install our own seed-to-sale tracking, but we can self-regulate to the extent we do. So it’ll be a, I’m telling you, there’s a reason why Canopy, Aphria and everyone is there, and I think that’s part of the reason.

James West: All right, Kiran. We’re going to leave it there for now.

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