Halo Collective Inc. N.HALO

Halo Collective Signs a Letter of Intent

[Betteryear2]

All figures in EURO unless stated otherwise indicated

TORONTO, April 28, 2022 /PRNewswire/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB:HCANF) (Germany: A9KN) (France/Swiss ISIN: CA40638K5070) today announced that it has signed a letter of intent (the "LOI") and entered into exclusive negotiations to acquire Phytocann Holdings SA ("Phytocann"), one of Europe's leading wellness CBD companies (the "Planned Acquisition"). The Planned Acquisition would add substantial revenue, EBITDA, geographic diversification, and an impressive CBD-based product lineup to Halo when closed. Halo is proposing to acquire Phytocann through a wholly owned subsidiary to be formed by Halo, in Ontario, Canada; Phytocann International Holdings ("PIH"). PIH is the planned vehicle for all of Halo's remaining non-THC assets anchored by Phytocann. Alexandre-Henri Lacarr, the founder of Phytocann and a successful European entrepreneur, is expected to lead PIH as its CEO upon closing of Planned Acquisition.
 

https://www.prnewswire.com/news-releases/halo-collective-signs-a-letter-of-intent-to-acquire-phytocann-group-a-leading-european-wellness-cbd-company-301534899.html