Halo Labs Inc (NEO:HALO) Site Tour: Mass Producing Oil and Shatter
Halo Labs Inc (NEO:HALO) (OTCMKTS:AGEEF) (FRA:A9KN) is a Multi-State Operator with a major emphasis on extraction. The company also have seed-to-sale operations in Oregon starting with their 6 acres + outdoor cultivation farm in Medford Oregon. Halo is focused on creating high-quality oils and other distillates from their scaleable and repeatable extraction labs. They currently have labs in Oregon, California and Nevada. The Midas Letter Film crew took a look behind the scenes enabling us to see the innovative extraction operations and plethora of consumer packaged goods they are currently selling.
Andreas Met, Founder, Chief Operating and Compliance Officer, Director: We here are in the Emerald Triangle, which is where about 60 to 70 percent of all the marijuana consumed in the United States is grown. It’s the biomass that makes the final product that we do, which is extracts.
The care and love that we put into the grow-op here is really what makes the quality so high.
Kiran Sidhu, CEO & Director: We take the whole plant and use it, including the A-buds, the B-buds that most people typically don’t do.
Andreas Met: We’re extremely good at producing mass amounts of oil very efficiently.
Kiran Sidhu: I don’t know of many companies that are selling up to 50 skus and five to ten different strains of every type of oil and concentrate.
Andreas Met: This company started in a chicken coop, did you know that? In a chicken coop the size of that room right there.
Kiran Sidhu: Flash forward three years, and look where we are now.
Andreas Met: And that’s what this company has become, $100 million market cap. Pretty fucking amazing, isn’t it?
This is a happy place. I’m Andreas Met; I’m a founder of Halo Labs, and the Chief Operating Officer. Today we’re out at the East Evans Creek grow site; it’s a six-acre grow site that we use to grow flower to put into our processing.
The difference between growing indoors and outdoors or under greenhouse in here is that we grow fewer, larger plants here. We’re just basically creating a mass canopy. That smells good, too.
These plants will be, on average, six to eight feet tall by the time they’re done. They’re going to put out about three to five pounds each of biomass.
We are doing an organic grow here. If you look closely, you’d see bugs flying around; this is an ecosystem, here, and we want a vibrant ecosystem because in vibrant ecosystems where there’s a tremendous amount of biodiversity, you have a better result in life. And that’s expressed in the plants here.
We’re expecting to grow about 12,000 to 18,000 pounds of flower this season, and the plants are looking just fantastic.
Brandi Gutierrez: Hi, welcome to Halo Labs. You are in our Cathedral City manufacturing facility. This is where we produce all of our bulk distillate for California.
This is where we bring in our biomass, and we begin extraction.
Post-extraction we trot through here for refinement.
What he’s doing right there is filtering out the bulk of our fats and waxes.
After material is blasted, it has residual solvent – in our case, butane and propane. And so we put that material in this oven and we pump off the residual solvent.
This is where we bring in our final products.
Manufacturers do different things with this material. For example, you can send this to an edibles company; it’s been used for vape pens. Halo as a whole, we make our own retail products, however we don’t do that here in California.
Andreas Met: We have an operation in Nevada which is based in Las Vegas, and we have an operation in Oregon.
Kiran Sidhu: Welcome to Medford, Oregon. We’re in a beautiful 16,000 square foot facility.
This is shatter. We are the Number One producer of concentrates in Oregon by quantity and dollars sold.
Right now we’re selling well over $1.2 million a month.
Brand is a very important component, because about 50,000 people a month use our products. But what we’ve done with brand is, we’ve stratified it. So at the highest tier, we have our Gild; at the second tier, we have our Exhale, then we have Mojave, and then we have Hush, which is our everyday value brand.
I’m very, very excited about the future. There’s all these new products coming out, like the DabTabs…
Michael Lindars, ILO CEO & Co-Founder: We noticed that certain materials actually held the oil in a way that you could transport it and not have it be sticky.
Kiran Sidhu: And I said, Wow, that’s really cool! That’s a great product on its own, Michael. I think that really has legs.
Michelle Lindars, ILO Director of Communications: It could be shatter, it could be live resin, it could be distillate, it could be butter, wax…it just would be put into DabTabs and sold in that form. With that sort of heat buffer that it creates, you’re really getting full flavour, the full spectrum.
Kiran Sidhu: It makes it much more portable, exchangeable, and it makes it a fun experience, too. This is the GO, which is a cartridge. Fits on any 510-thread battery. There’s your CBD. And that’s legal in all 50 states.
Cannabis oils and concentrates allows you to differentiate yourself. We’re coming out with live resin sauce pens, we’re coming out with clear shatter, where all the core fill’s gone but the flavour remains. So, innovating our products will allow us to stay ahead of the game.
In 2019, we’ve seen a dramatic turn in the stock market, where stocks are down 75 percent. We’re still up year-to-date.
To me, I think our stock is undervalued, and I think we’ve got a lot of room to grow.
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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.
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