Halo Collective Reports Record First Quarter Results

There was a time when most investors used to look into online versions of financial dailies and into investment forums in order to get an idea about the latest happenings in the stock market.

However, the internet has evolved in a big way and nowadays there are a range of platforms where investors can find reliable information with regards to the stock markets. One of those platforms is YouTube, which is populated with many channels that are solely dedicated to stock markets and one of the more popular channels at this point is RichTV Live.

Enter Your E-mail Address To Subscribe

* indicates required

The channel publishes videos on a regular basis and provides reliable information about a wide range of subjects regarding various stocks. It also analyses breaking news stories and the financial situation of companies.

Earnings Review

In a video that was released last week, RichTV looked into the cannabis company Halo Collective (NEO:HALO), (OTCQX:HCANF), (Germany:A9KN) after the company announced its financial results for the first fiscal quarter. The cannabis company reported strong revenues in the quarter having generated $9.9 million and trumped the revenues in the prior-year period by as much as 123%. A closer look at the revenues reveals more promising signs.

A major portion of the revenues was generated by the sales of cannabis products to the tune of 5.2 million grams. Most of that was sold to dispensaries in California and Oregon. That reflected a year-on-year rise of as much as 253% and it is something that the company is expected to be working on over the coming quarters.

However, that is not all. Halo Collective manages to grow its organic segment revenues by as much as 62% and remains the biggest jump recorded in the history of the company.

The gross profits for the period came in at $2 million, which was again a massive jump from the $172000 that Halo recorded in the same metric in the year-ago period. In the video, the RichTV analyst spoke at length about the company’s performance in the first quarter but more importantly, he also touched upon the possible future of the company and the current state of the cannabis sector. Investors could do well to take a closer look at the video if they are interested.

Featured image: Pixabay

Please See Disclaimer

If You Liked This Article Click To Share

Risks and Disclosure:

Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained on this website is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions made or suggested and the actual results.

All statements and opinions expressed are the opinions of the author and not of Richtvlive.com or its officers. The author is wholly responsible for the validity of all statements. Richtvlive.com was not involved in any aspect of the article preparation. The author was not paid by Bitrex Inc for this article. The author did not pay Richtvlive.com to publish or syndicate this article.

This article does not constitute as investment advice. Each reader is encouraged to consult with his or her individual financial advisor; any and all actions taken by a reader as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Richtvlive.com's terms of use and full legal disclaimer. This article is in no way a solicitation for investment. Richtvlive.com does not render general or specific investment advice. Any information on Richtvlive.com should not be considered a recommendation to buy or sell any security. Richtvlive.com does not endorse or recommend the business, products, services or securities of any company mentioned on Richtvlive.com.

Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, and options may fluctuate, and, as a result, clients may lose more than their original investment and possibly their entire investment. Any content on this website should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Please see our full disclaimer here for additional details before making any investment decisions.