Halo Labs Reports Record Monthly Revenue of Approximately US$2.4 Million (CDN $3.1 Million) in January
2019
NEWLY LAUNCHED CALIFORNIA OPERATIONS ACCOUNT FOR OVER 50% OF REVENUE
Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTC: AGEEF) is pleased to announce that the Company
achieved record revenue in January 2019 of approximately US$2.4MM (CDN $3.1MM). This figure is estimated, unaudited and
approximate.
The significant increase in monthly revenue was primarily driven by the company's California commercial launch of operations in
its new cannabis extraction facility in Cathedral City.
The company believes that it utilized approximately 50% of its capacity in its Cathedral City, California extraction facility
during January. Utilization increases are occurring weekly with the expectation of being at full capacity by quarter end.
ABOUT HALO LABS
Halo is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates, which are the
fastest growing segments in the cannabis industry. Halo has expertise in all major cannabis manufacturing processes, leveraging
proprietary processes and products, and has produced over 3.0M grams of oils and concentrates since inception. The forward-thinking
company is led by a strong management team with deep industry knowledge and blue-chip experience. The Company is currently
operating in California, Nevada and Oregon as well as Lesotho Africa through a strategic partnership. With a consumer-centric
focus, Halo will continue to market innovative branded and private label products across multiple product categories.
For further information regarding Halo, see Halo’s disclosure documents on SEDAR at
www.sedar.com.
Cautionary Note Regarding Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities
legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor
provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and
forward-looking statements are not representative of historical facts or information or current condition, but instead represent
only Halo’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and
outside of Halo’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use
of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may
contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”,
“will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include,
but is not limited to, information concerning the Company's second facility in Cathedral City, the future prospects of the Company,
the production capacity of the Company's current facility in Cathedral City, the Company's prospects for future partnerships with
Canadian and European entities and the expected timing of the launch of DabTabs™ in various markets.
By identifying such information and statements in this manner, Halo is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Halo to be materially different from those expressed or implied by such information and
statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press
release, Halo has made certain assumptions.
Among others, the key factors that could cause actual results to differ materially from those projected in the
forward-looking information and statements are the following: adverse changes in applicable laws; adverse changes to suppliers and
other third parties with which the Company does business, changes in general economic, business and political conditions, including
changes in the financial markets and the other risks disclosed in the most recent management information circular (including the
documents incorporated by reference therein). Should one or more of these risks, uncertainties or other factors materialize, or
should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although Halo believes that the assumptions and factors used in preparing, and the expectations contained in, the
forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements,
and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such information and statements. Key assumptions
used herein are that the development of the Company's second facility in Cathedral City will not be subject to any unexpected costs
or delays, that the current facility in Cathedral City will be able to operate at full capacity, that the Company's discussions
with potential partners, both domestic and international, will progress as expected and that the launch of the DabTab™
product line will not be subject to any unexpected costs or delays. The forward-looking information and forward-looking
statements contained in this press release are made as of the date of this press release, and Halo does not undertake to update any
forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with
applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Halo or
persons acting on its behalf is expressly qualified in its entirety by this notice.
CONTACT INFORMATION
Halo Labs
Investor Relations
info@halocanna.com
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