What's Going On With Halo Collective?
Halo Collective (HCANF) announced that its wholly-owned subsidiary company Bophelo Bioscience & Wellness will partner with OG DNA Genetics Inc. to grow California-style cannabis in Lesotho. Bopehlo runs a cannabis cultivation site near Mafeteng, the first Special Economic Zone ("SEZ") in Lesotho, Africa. Shares of the company were trading higher 8.29% to $0.79 a share on Monday.
What Does This Mean For Halo Collective?
Although facing eight weeks of unusual weather, Bophelo finalized the summer harvest with more than 400,000 grams of sellable flower. It was able to produce eight strains providing over 20% of THC, which is comparable to the highest quality sun-grown cannabis found in Oregon and California.
"We're excited about all the progress we have made in Africa with Halo. We have grown all over the world, and this is the first time I have seen both the Prime Minister with his cabinet visit the site. It's an honor to participate in creating a Special Economic Zone, creating jobs, and most of all, providing our highest quality cannabis strain varieties to people all over the world. The team in Lesotho has been doing an incredible job with our genetics, and we're proud to show the world what we've achieved. It's been a great partnership," said Aaron Yarkoni, Co-Founder of DNA Genetics.
Bophelo expects to make initial sample product sales abroad as soon as the protocols are firmly established, which should be completed by late July.
Halo Collective Inc. operates as a cannabis cultivation, manufacturing, and distribution company that grows, extracts, and processes cannabis flower, oils, and concentrates in the United States. The company also offers edible products, including single piece chews and a syrup-based drink in California and, Oregon. In addition, it markets branded and private label products. The company sells its cannabis products principally to dispensaries under Hush, Mojave, and Exhale brands. It serves licensed retailers and wholesalers.
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Halo Collective Inc is a cannabis extraction company. It is engaged in manufacturing cannabis oil and concentrates and distributing cannabis products for recreational use in the states of Oregon, Nevada and California.