Not for Distribution to U.S. Newswire Servicers or For Dissemination in the United States
Halo Labs Inc. (“Halo” or the “Company“) is pleased to provide an update in respect of recent developments for Bophelo Bioscience & Wellness (Pty) Ltd. (“Bophelo“) in Lesotho, an indirect wholly-owned subsidiary of Halo. Bophelo intends to operate one of the largest-cannabis cultivation sites in the world, and is expected to cultivate and distribute high-quality cannabis, derived from exclusive, proprietary genetics under license from OG DNA Genetics (“DNA“). The Company is also pursuing a similar license arrangement with Terphogz, cultivator of the Zkittlez cannabis strains. As previously announced, Bophelo has entered into an offtake agreement with Medcan Ltd. (“Medcan“), located in Malta, that it intends to leverage upon the receipt of a Good Agricultural and Collection Practices (“GACP“) certification.
The Company is pleased to … Read More