HALO LABS CEO KIRAN SIDHU (CSE: HALO) (OCTQX: AGEEF) RICH TV LIVE

0



HALO LABS (CSE: HALO) (OCTQX: AGEEF) CEO KIRAN SIDHU | RICH TV LIVE – INTERVIEW with Halo Labs CEO Kiran Sidhu on RICH TV LIVE – Lesotho (pronounced “le-so-toe” or “le-sue-two”) is a landlocked kingdom surrounded by South Africa. Most people probably never heard of it until recently, as in 2017 it was the first African country to legalize medical marijuana. Owing to the pioneering regulations, over 300 days of sunshine annually, low humidity, pristine water, educated workforce and more, the tiny nation has burst onto the scene as an optimal location for growing and exporting cannabis and a gateway to European markets.

Market Leaders Come Calling

These conditions underscored Canopy Growth Corp. spending CDN$28.8 million in stock to acquire Daddy Cann Lesotho PTY Ltd., or Highlands as it is known, in May 2018. The prize for Canopy Growth was Highlands’ license to cultivate, manufacture, supply, hold, import, export and transport cannabis and its resin in Lesotho.

While Canopy scooped up Highlands, Halo Labs (OTCQX: AGEEF) (NEO: HALO) (FSE: A9KN), a cannabis extraction company that develops and manufactures cannabis oils and concentrates, was working with Bophelo Bioscience, the operator of one of the largest cannabis cultivation sites in Lesotho. Halo was operating the 5-hectare (~540,000 square feet) cultivation and production property and purchasing all the harvested crop in exchange for Bophelo taking a 20% stake in Halo and earning a royalty on cannabis sales.

Click Here to receive a HALO Investor Presentation & Corporate Updates

This month, Halo upped the ante on its commitment to Lesotho, inking a non-binding letter of intent to acquire 100% of Bophelo. The LOI lays out the terms for which Halo will pay CDN$24.7 million (US$18.4 million) for Bophelo through the issuance of about 40.8 million shares of its common stock.

Land…and A Lot of It

While Bophelo’s 5-hectare plot is essentially double the size of other licensed facilities in Lesotho, it could widen exponentially in the future. As explained by Halo CEO Kiran Sidhu, the state has already given Bophelo preliminary approval to expand up to 200 hectares (21.5 million square feet) and has indicated they would consider granting permission for outdoor growing from 2019 onwards, following consultation with the International Narcotics Control Board.

Bophelo has the property locked in under a 20-year lease agreement with an option to renew for an additional 30 years.

Halo believes that on the 5-hectare plot they will be able to produce approximately 4.6 million grams of E.U. Good Manufacturing Practices (GMP)-grade cannabis concentrate per annum. Management estimates all-in production costs of no more than US$2 per gram for its concentrates, which it then expects to be able to market in Europe for US$10 per gram.

Subscribe – https://www.youtube.com/c/RICHTVLIVE
Visit – http://www.richtvlive.com/ a community for stocks, , news, and trending topics. #richtvlive #halolabs #ceo

RICH TV LIVE Clothing – https://teespring.com/stores/rich-tv-live
list=PLiBGEhbXkQPCHTZsUlx-GxSGgsCLUSKJO

Popular Uploads – https://goo.gl/tbvXGg
Most Recent Upload – https://goo.gl/unKXBy
YouTube Channel Page – https://goo.gl/yUdG7w
Subscribe – https://goo.gl/q2tLnn
Rich TV Live Playlist – https://goo.gl/e116JF
RICH TV LIVE TOP 10 STOCKS Playlist – https://www.youtube.com/playlist?list=PLiBGEhbXkQPCfeYmBKHyXXu8dZc3YkkbW&disable_polymer=true

Disclaimer

RICH TV LIVE company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RICH TV LIVE reports company profiles or other investor relations materials and presentations are subject to change. RICH TV LIVE and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time.

Investing is inherently risky. RICH TV LIVE is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print. Disclosure – https://www.richtvlive.com/feature-.html

We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission (“SEC”) at www.sec.gov/Canadian CSA https://www.securities-administrators.ca/.

source