Halo Collective Inc. N.HALO.WT.C

Definitive Agreements to Acquire Pistil Point Indoor Facil.

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Acquisition Accelerates Goal to Be One of the Larger Indoor Growers in the State

All figures in USD, unless stated otherwise

TORONTO, Aug. 27, 2021 /CNW/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today entered into definitive agreements to acquire Food Concepts LLC, the master tenant of an approximately 55,000 square foot indoor cannabis cultivation, processing, and wholesaling facility in Portland, Oregon operated under the Pistil Point name (the "FC Acquisiton"), and the related licenses issued by the Oregon Liquor Control Commission ("OLCC") and other operating assets owned by the entities doing business as Pistil Point (the "Pistil Point Acquisition")). The FC Acquisition is expected to close within the next week upon the filing of articles of merger filed with the Oregon Secretary of State.  The Pistil Point Acquisition is subject to approval by the OLCC and is expected to close in early 2022. When fully complete, this transaction is expected to make Halo one of the largest indoor growers in Oregon, adding to the Company's current 11 acres of owned and contracted outdoor and greenhouse cultivation.

https://www.newswire.ca/news-releases/halo-collective-executes-definitive-agreements-to-acquire-pistil-point-indoor-facility-and-related-licenses-in-oregon-805908020.html