Rich Tv Live – Halo Labs Katie Field – Acquisition of Galactic Chocolates – AUGUST 6, 2020 – Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that, further to its press release dated January 15, 2020, it has closed its acquisition of Outer Galactic Chocolates, LLC (“OGC”), holder of a Type N manufacturing license in Mendocino County. The acquisition gives Halo a license to produce infused and edible cannabis products adjacent to the Mendo Distribution and Transportation LLC (“MDT”) facility in Ukiah, California. A Type N license permits manufacturers to conduct most cannabis production and related activities, including packaging and labeling; however, it does not allow for extraction. For extraction in California, Halo utilizes its Type 7 licensed facility in Cathedral City, California. In total, Halo now operates 4,4000 SQF in Ukiah, with plans to annex additional licensed square footage in the coming future.
Ownership of Type N California license, allowing for the production of infused and edible products, as well as the packaging of all related manufactured finished goods. Halo also plans to launch its Hush(R) edible products gummies and elixirs in THC and multiple THC/CBD formulations, and distribute the award-winning Outer Galactic Chocolate branded chocolate edibles from the licensed Type N facility in Ukiah. Retained OGC founder, Jeff Stewart, as a subject matter expert and consultant on edibles and gourmet chocolate production and all IP created from these projects. Acquiring the license will reduce cost by eliminating monthly equipment and license rental fee; in addition, license includes long-term lease on licensed space, as well as walk in freezer, tables, racks and other equipment necessary for edibles production.
Halo believes variety in edibles selection is critical to capturing the interest and loyalty of consumers. As stated previously, Halo is in the process of launching one-, ten-, and twenty-piece gummy varieties, with multiple flavors before the end of Q3 2020. The gummies will be strain specific, broad spectrum, vegan, gluten-free, feature organic ingredients with no artificial flavors or colors. In addition to delivering value pricing, Halo also plans to utilize nano-emulsification for some product configurations, to quickly deliver the active ingredients for more rapid onset. The Company intends to launch strain-specific formulations in sativa, indica and hybrid, manufacturing under the newly-acquired license, and roll out up to thirty-six different SKU configurations in California over the next six months. The initial launch plan will feature updated branding for Hush(TM) in six strain-specific flavors including marionberry, watermelon, pineapple, strawberry, peach, and raspberry.
Jeff Stewart, a resident of Mendocino County and cannabis farmer since 1982, is leading the way, helping develop the formulations for the new Hush(TM) line of gummies. Since launching in 2017, OGC’s colorful line of milk, dark, and sugar-free chocolates have been recognized as “Best Dark Chocolate – Hybrid,” and “Best Chocolate – Truffle” by Edibles Magazine. OGC also took home the prize for “Best Chocolate” at the Emerald Cup in 2017.
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