TORONTO–(BUSINESS WIRE)–Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announces a partnership agreement between Dispensary Track, a Halo Canadian subsidiary, and Greeny.com, a one-stop online marketplace for CBD-based products. Halo has selected Greeny.com to be the CBD products store featured on Dispensary Track’s phone and tablet applications.
The Company recently closed on the acquisition of Dispensary Track, a platform that allows customers to electronically interact with dispensaries, thereby reducing wait times and improving customer experience. Dispensaries will also be able to use the application to display in-store specials, advertise specific products, and track customers’ purchasing patterns. The application’s tracking capabilities will enable dispensaries and Halo to gather business intelligence on end customers, in compliance with privacy laws.
In teaming up with Greeny™, access to a curated set of CBD products will be available to consumers in California, Oregon and Nevada. Greeny’s™ platform is poised to become a leader in online CBD shopping in the United States, offering an extensive list of products launching with 350 SKUs and planning to grow to over 1,000 SKUs over the next ninety days. The Company and its dispensary and distribution partners will collectively earn commissions of up to 15% of gross sales.
The Greeny.com platform also features the ability to customize the CBD store for Halo’s dispensary customers’, whereby the products offered and the virtual store’s skin will be tailored to fit each dispensary’s specific requirements and brand profile. The planned integration of Greeny.com with the Company’s recently acquired Dispensary Track will virtually bolster dispensary inventory with complementary CBD products that may not be traditionally available in the dispensary supply chain, offering consumers an even wider selection. These CBD products will be readily delivered through Greeny.com’s third party logistic (“3PL”) providers leveraging the FedEx® (NYSE: FDX) network.
“Our partnership with Halo Labs establishes a major CBD distribution channel in America and will allow us to offer CBD products online to consumers through their local dispensaries,” commented Frank Weil, CEO of Greeny.com. Weil is a seasoned e-commerce operator boasting 20+ years of experience having been with companies such as KWI, Acadaca and Havaianas. He is joined by a highly credentialed management team including the CTO Joe Johnson who 10+ year e-commerce veteran with his own consulting firm, The Right Way.
“We are excited to partner with Greeny.com on this venture in the CBD market. Our planned integration of Greeny.com into Dispensary Track adds another strong link to our overall business portfolio,” said Katie Field, CSO of Halo. “Halo is taking strides to become an innovator in the CBD space. By providing unique offerings to our dispensary and distribution partners, such as access to a complete suite of best in class CBD products, we plan to increase our depth of product offerings. This partnership with Greeny is the first of many planned alliances with both B2C and B2B product and service providers that we intend to be the building blocks of our Dispensary Track platform.”
Halo is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates, which are the fastest growing segments in the cannabis industry. Halo is a global leader in cannabis oil and concentrates, having produced over 4.5 million grams of oils and concentrates since inception. The Company has expertise across all major cannabis manufacturing processes, leveraging a variety of proprietary processes and products. The forward-thinking company is led by a strong management team with deep industry knowledge and blue-chip experience. The Company is currently operating in California and Oregon, as well as in Nevada with our partner Just Quality, LLC, and in Lesotho with the Bophelo strategic partnership. With a consumer-centric focus, Halo will continue to market innovative, branded, and private label products across multiple product categories. Halo recently acquired Dispensary Track platform which will alleviate customer flow constraints experienced by dispensaries and enable direct consumer interaction.
For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com.
Greeny.com is an everything hemp-based CBD Marketplace. With its unique technology, Greeny.com allows thousands of CBD products to be offered on its platform while keeping the customer experience at the forefront of the business. Greeny.com is an all-encompassing destination for any adults who are interested in trying or learning about hemp-based CBD products. Greeny.com has teamed up with influencers, celebrities, and educators to help consumers educate themselves in the quickly growing hemp-based CBD space. Greeny.com’s objective is to offer the largest selection of hemp-based CBD products and accessories in the world with a zero-hassle customer platform.
Cautionary Note Regarding Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Halo’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Halo’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, statements regarding the partnership between Halo and Greeny.
By identifying such information and statements in this manner, Halo is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Halo has made certain assumptions. Although Halo believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Halo does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Halo or persons acting on its behalf is expressly qualified in its entirety by this notice.