(Image via Halo Collective.)
Halo Collective Inc. (NEO: HALO, Forum) announced record preliminary unaudited monthly net revenue in August 2021 on Wednesday, of approximately $3.9 million.
In the news release, the company added that this represents a
94% increase compared to August 2020 and was driven by continued organic growth and increased market penetration in California and Oregon. HALO also noted that contribution from the recent acquisitions of Winberry Farms and the company’s three KushBar retail cannabis stores located in Alberta played a role.
Excluding acquisitions, organic revenue growth was 19% in August 2021 compared to August 2020.
This vertically integrated cannabis company cultivates, extracts, manufactures, and distributes cannabis flower, oils, and concentrates. HALO recently made news when it acquired
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, and the related licenses issued by the Oregon Liquor Control Commission and other operating assets.