Halo Exercises Option to Acquire California Chocolate Company

Halo Labs (NEO:HALO,OTCQX:AGEEF) has exercised Mendo Distribution and Transportation’s (MDT) option to purchase California-based edibles company Outer Galactic Chocolates, a holder of a Type N manufacturing license.

As quoted from the press release:

MDT was recently acquired by the Company through merger on January 9, 2020.

Transaction Highlights

• Halo will obtain a Type N California license allowing for the production of infused and edible products

• Halo plans to launch its Hush® edible products (gummies and syrups) in THC and 1:1 THC/CBD formulations, as well as support the expanded production and distribution of the award winning OGC-branded chocolate edibles in California

• Halo plans to retain OGC founder as subject matter expert and consultant on edibles and gourmet chocolate production

• Halo will own full interest in OGC, and plans to place the business under its California holding company, PSG Coastal Holdings LLC

Click here to read the full press release.