Halo Collective Inc. N.HALO.WT.C

Bophelo Inks Deal with Medcan 30Mil

[HollywoodHuss]

• Bophelo Bio Science & Wellness, subsidiary of Halo Labs (OTCQX:AGEEF), has entered into $30M offtake agreement with Malta's private company Medcan for the sale of bulk cannabis biomass, primarily into the European market.
• The contract includes initial deliveries of up to 10K Kgs, priced at $3/gm, that is expected to be shipped starting from 4Q20 through to the end of 2021.
• Major part of cannabis to be delivered includes A and B grade trimmed flower buds and bulk material, consisting of trimmings and sugar leaves for processing into distillate.
• Halo’s founders have known Medcan’s California-based partner Kase Manufacturing who had been instrumental in setting up this contract. Further, Bophelo expects to achieve Maltese GACP certification prior to the end of 2020.