One of Rich’s favorite guests is Kiran Sidhu, CEO of Halo Labs Inc. (OCTQX:AGEEF). Halo is a cannabis extraction company that develops and manufactures cannabis oils and concentrates. Since its inception in 2016, the company has produced more than 4.5 million grams of oils and concentrates.
Once again, Rich welcomes Kiran to RichTV Live to discuss some recent news concerning Halo Labs and the cannabis space at large. This is Rich’s third time profiling Halo Labs in as many months, but it’s the first time that Kiran is joined by his two co-founders: COO Andreas Met and Grady Smith.
“I know you’ve got some breaking news that we can go live with,” Rich tells the Halo Labs representatives. “But also cannabis stocks are green all over North America today, so there’s plenty to talk about.”
Halo Labs’ Big News
Earlier today, Halo Labs announced a partnership agreement between one of its subsidiaries, the recently acquired Dispensary Track, and Greeny.com, a one-stop online marketplace for CBD-based products.
The Dispensary Track platform allows customers to electronically interact with dispensaries, which reduces wait times and improves customer experience. Dispensaries can also use the application to display in-store specials, advertise specific products, and track customers’ purchasing patterns.
The Greeny platform is poised to become a leader in online CBD shopping in the US. It has a wide range of products launching, with 350 stock keeping units and plans to grow to over 1,000 units over the next ninety days. Through its agreement, Halo Labs and its partners will collectively earn commissions of up to 15% of gross sales.
Greeny.com, which Kiran calls a “superstore,” also features the ability to customize the CBD store for Halo’s dispensary customers. In this way, the products offered can be tailored to fit each dispensary’s specific requirements and brand profile.
According to Katie Field, CSO of Halo Labs, the partnership with Greeny is “the first of many planned alliances with both B2C and B2B product and service providers” that the company intends to create with its Dispensary Track platform.
A Good Time to Buy
“Is this not the best time to buy?” Rich asks. “We’re the lowest we’ve been since 2017, and when stocks are down that’s the best time to buy!”
Like most of its contemporaries, Halo Labs is at a 52-week low right now. It’s currently priced at $0.20, having fallen from a mid-April high of $0.61. This makes it an attractive opportunity for investors who have faith in the company’s work and position in the industry.
As Rich has discussed previously, Halo is positioning itself in the African nation of Lesotho, which has been called the “best place in the world” to grow cannabis. The country offers a great climate, a business-friendly government, and strategic access to two huge markets in South Africa and Europe.
In addition, Halo Labs is operating in Oregon, Nevada, and California. In May, the company tripled its revenue to more than $8.7 million, with aggregate EBITDA of $929,260 for that quarter.
It will be interesting to watch Halo Labs continue to affirm its position in the US, internationally, and online. If you liked this video, make sure to check out Rich’s other profiles of Halo Labs.
Featured image: DepositPhotos © Fotofabrika