SEATTLE, Wash., Nov. 21, 2018 (GLOBE NEWSWIRE) -- -- via NEWMEDIAWIRE -- CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article discussing Halo Labs Inc. (NEO: HALO) (OTC: AGEEF). HALO is a cannabis extraction company that develops and manufactures high-quality cannabis oils and concentrates. In October, the company completed its public listing on the NEO Exchange, under the ticker symbol HALO, and management continues to improve liquidity, transparency, and reach while simultaneously growing revenue with over 2.7 million grams of cannabis oil sold since inception.
The cannabis industry has rapidly evolved over the past year. In addition to the federal legalization of adult-use cannabis in Canada, the United States’ midterm elections could foretell a shift in federal policy over the coming months. Investors have many different options when looking for exposure to the industry, but it’s important to look at both improving operations and a focus on improving transparency and liquidity.
Uplisting Helps Improve Reach
Halo Labs began trading on the NEO Exchange on October 3, 2018 under the ticker symbol, HALO, following a $12.9 million brokered private placement. The move enables investors to easily purchase the stock in their brokerage account without having to worry about the onerous regulations surrounding private investments. In addition, the company can more easily raise capital to support its ongoing expansion efforts.
The NEO Exchange is a next-generation Canadian stock exchange founded on the principles of fairness, liquidity, transparency, and efficiency. By eliminating predatory high-frequency trading and lowering exchange fees, the exchange provides a better option for companies to go public and makes market data much more accessible. The level playing field helps capital flow from investors to companies without all of the intermediaries.
Improving Industry Fundamentals
The cannabis industry received a strong boost from the midterm elections. In fact, many publicly-traded companies experienced sizable gains following the election—even Canadian companies that have no stake in the United States. There is a hope that new Democratic officials could help boost the prospects of favorable federal legislation, while the removal of the former Attorney General will help reduce negative enforcement.
Democrats took control over the House of Representatives following the election. While there’s still a long way to go toward federal legalization, there are many ways that Democrats could help advance cannabis legislation. Republicans prevented any marijuana amendments or bills from receiving votes from the entire House, but Democrats could exercise their power to add cannabis-related amendments to existing bills.
The sudden resignation of Attorney General Jeff Sessions could also be a positive for the cannabis industry. As an outspoken critic of cannabis legalization, Sessions repealed the Cole Memo and set the cannabis movement back several years. Cannabis advocates are hoping that the new Attorney General will be more supportive of cannabis and open the door to safer business operation within the industry by reinstituting the Cole Memo principles.
Looking Ahead
Halo Labs Inc. (NEO: HALO) (OTC: AGEEF) represents a compelling investment opportunity in the cannabis space. The company’s management team has focused on building liquidity and reach through its listing on the shareholder-friendly NEO Exchange, while simultaneously growing its operations through deals like its $2 million per month extraction agreement with Falcon International to supply cannabis oil in California.
Halo’s management team is moving to bring two manufacturing facilities online in Southern California consisting of 1,600 sq. ft. and 7,800 sq. ft. of space, respectively. The initial facility should commence production this month, and should have a capacity of over 100,000 grams of concentrate per week. The team is also looking to establish distribution operations in one facility in Cathedral City to supply the rapidly growing California cannabis market.
For more information, visit the company’s website at www.halocanna.com.
Please follow the link to read the full article: http://www.cannabisfn.com/halo-labs-improving-investor-reach-transparency-liquidity/
Disclaimer
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/
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The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/
Frank Lane
206-369-7050
Flane@cannabisfn.com