Halo Labs has changed its name into Halo Collective.
"As the Company experienced unprecedented growth since its inception in 2015 that started in a chicken coop in Medford, OR, Halo Collective aims to revolutionize the cannabis industry on a global scale," Halo team explains. "Positioned for the future of the consumer-packaged goods industry in cannabis, Halo Collective continues to offer a myriad of diverse product lines. Products range from the highest quality flower, concentrates, edibles, cartridges and more, from top shelf to value products that fit the needs of medicinal and recreational cannabis users in key markets worldwide."
"Halo Collective has achieved a highly coveted ranking in the medicinal cannabis industry in 2020 with a leading market share in a highly competitive and ever-growing market, exceeding $1 billion in retail sales in Oregon in 2020," they continue. "Adding to this achievement was the closing of the acquisition of Winberry Farms in Eugene, Oregon, expanding its current six-acre outdoor cultivation site. Halo's footprint extends to roughly 500 dispensaries statewide in Oregon with a CPG portfolio covering 95 percent of categories. The company touts several grow operations throughout Oregon and California, including approximately 20,000 square feet in both the northern and southern areas of California combined. The Company also has plans set in place to expand into Alberta, Canada in partnership with High Tide, which will include three dispensaries offering boutique concentrates such as shatter, hash, solventless resin and live resin vaporizer cartridges."
As COVID-19 surfaced in the U.S., the cannabis industry continued to boom as the growing concern of mental illness rates soared among individuals struggling in isolation. A recent study from the Journal of Addictive Diseases reported that medical cannabis users with mental health issues had shown a vast increase in their cannabis use by 91 percent since the beginning of the pandemic.2 Data such as this provides the Company with further insight into the increased demand for cannabis use, aiding in its expansive market growth.
From acquiring land and licenses to global production, the Company has transformed into an international and "collective" effort. Its most recent contracts span to the United Kingdom via Canmart to the Republic of Malta via Medcan to its cultivation site in Lesotho, South Africa. The Company continues to build on its unparalleled strategies to tap into markets yet to be reached.
"As the market continues to evolve, so should our strategies to align with new regulations and laws both nationally and internationally," shared Chief Executive Officer and Co-Owner of Halo Collective, Kiran Sidhu. "We started almost five years ago in a chicken coop in Oregon and quickly turned into one of the largest licensed labs in the state. The anticipation of the new presidential administration's inauguration this month has made us hopeful to see federal legalization laws enacted in the U.S. for recreational cannabis use, along with the legalization of psilocybin for therapeutic use, as we've seen in Oregon so far. We are so excited to continue to share our company's growth. As more regulations are enacted, we'll see even more opportunities for us to enhance our unique market strategy in the coming years."
For more information:
Halo Collective
info@halocanna.com
halocanna.com