Halo Exercises Option to Acquire California Chocolate Company

- January 15th, 2020

Halo Labs has exercised Mendo Distribution and Transportation’s option to purchase California edibles company Outer Galactic Chocolates.

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.

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