Connect with us

Headlines

Halo Labs Awarded Annual Cannabis Manufacturing License by California, among the First to Implement Track and Trace (METRC)

Editor

Published

on

CATHEDRAL CITY, Calif. & TORONTO–(BUSINESS WIRE)–Mar 5, 2019–Halo Labs Inc (“Halo” or the “Company”) (NEO: HALO, OTC: AGEEF, Germany: A9KN) is pleased to announce that the Company has 1 of only 52 annual state licenses issued to date and is one of the first operators in California to fully implement California’s Cannabis Track-and-Trace (CCTT) system.

Most California cannabis industry operators continues to struggle with stricter licensing requirements adopted by state lawmakers and regulators in recent months. In California there are over 10,000 temporary cannabis businesses licenses set to expire in 2019 with as many as 6,200 set to expire by April 2019. Currently, the state has no provisions in place for extending those expiring licences and many operators face the prospect of major business disruptions before they receive their annual licenses. Halo has dedicated the resources to stay ahead of the regulations, and as a result has already obtained its non-temporary annual state and local cannabis licenses and has fully implemented CCTT via the METRC software suite.

The CCTT system is used statewide to record the inventory and movement of legal cannabis products through the commercial supply chain, and prevent both the entry of cannabis from the illicit market into the regulated market, and the diversion of lawfully produced cannabis into illicit markets. Temporary licensees are not allowed to access the METRC system, while annual licensees are required to have employees complete comprehensive training before being permitted to use the METRC-CCTT system.

Kiran Sidhu, CEO commented: “Our teams’ expertise of operating in highly regulated states the past three years has enabled us to stay ahead of the curve in California and be both one of few fully permitted operators in the state and one of the first companies to implement METRC. “

ABOUT HALO LABS

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 has expertise in all major cannabis manufacturing processes, leveraging proprietary processes and products, and has produced over 3.0M grams of oils and concentrates since inception. 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, Nevada and Oregon, and expects to begin operating in southern Africa through a strategic partnership in the Kingdom of Lesotho. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.

For further information regarding Halo, see Halo’s disclosure documents on SEDAR at www.sedar.com.

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, information concerning the Company’s second facility in Cathedral City, the future prospects of the Company, the production capacity of the Company’s current facility in Cathedral City, the Company’s prospects for future partnerships with Canadian and European entities and the expected timing of the launch of DabTabsin various markets.

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, level of activity, performance or achievements of Halo 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.

Among others, the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: adverse changes in applicable laws; adverse changes to suppliers and other third parties with which the Company does business, changes in general economic, business and political conditions, including changes in the financial markets and the other risks disclosed in the most recent management information circular (including the documents incorporated by reference therein). Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

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. Key assumptions used herein are that the development of the Company’s second facility in Cathedral City will not be subject to any unexpected costs or delays, that the current facility in Cathedral City will be able to operate at full capacity, that the Company’s discussions with potential partners, both domestic and international, will progress as expected and that the launch of the DabTabproduct line will not be subject to any unexpected costs or delays. 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190305005878/en/

CONTACT: Halo Labs

Investor Relations

info@halocanna.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA

INDUSTRY KEYWORD: HEALTH ALTERNATIVE MEDICINE PHARMACEUTICAL

SOURCE: Halo Labs Inc.

Copyright Business Wire 2019.

PUB: 03/05/2019 04:01 PM/DISC: 03/05/2019 04:01 PM

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Grocery wars intensify anew as Whole Foods to cut prices on hundreds of items by 20% starting tomorrow

Editor

Published

on

By

Whole Foods, the high-end grocery store bought by Amazon in 2017, plans to cut prices on hundreds of items by as much as 20 per cent as of Wednesday, including at locations in Canada.

Amazon says most of the cuts will come in produce and other fresh items and will amount, on average, to about 20 per cent in savings where they are in effect.

It’s the third such round of widespread cost cutting since Amazon bought the chain in the fall of 2017.

The takeover at the time came as a bit of a surprise, since it was the marriage of two companies with vastly different strategies and markets.

Amazon started as an online bookstore and soon grew to become the largest online retailer of just about everything else by focusing on cutting costs while expanding selection and offering delivery speeds that other sellers struggled to match.

Its Amazon Prime service, where customers can get same-day delivery on millions of products for an annual fee in Canada of $79, has helped them cement customer loyalty even more.

Whole Foods, meanwhile, began as a health food store in Austin, Texas, in 1980 that steadily grew across the U.S. and then into Canada by catering to health-conscious shoppers who didn’t mind paying more for items they deemed to be healthier.

When Amazon bought the chain, many wondered what the long-term plan was, and Wednesday’s move seems to suggest the company may bring its ruthless approach to cost cutting to the bricks-and-mortar world of retail. And the company claims it can do that without sacrificing the quality that won the grocer fans in the first place.

“Whole Foods Market continues to maintain the high-quality standards that we’ve championed for nearly 40 years, and with Amazon, we will lower more prices in the future, building on the positive momentum from previous price investments,” Whole Foods co-founder and CEO John Mackey said. “We will continue to focus on both lowering prices and bringing customers the quality they trust and the innovative assortment they expect from our brand.”

‘Seismic impact’

Whole Foods has about 300 U.S. locations and 14 in Canada — mainly in and around Toronto and Vancouver, but also one location in Victoria and one in Ottawa.

Strategy adviser Mark Satov, with Satov Consultants, says it’s less likely the decision will kick off a move to turn Whole Foods into a discount grocery chain, and more likely Amazon is simply using the chain to figure out how a new business works. “They bought it to learn how to be in the food business,” he said.

“I think they’re just experimenting and marketing to draw a few more people into the store,” he added. The store’s price point is still out of reach for most Canadians, but by targeting items that people tend to benchmark prices on — things like fresh vegetables — the chain is hoping to win a few more customers for its more expensive items, too.

“Once you are inside the store, a couple of things happen,” Satov said. “You go and say the milk is $3.69 … I can afford that, and then you’ll buy the freshly ground peanut butter for $18 a tub.”

Whole Foods currently has more than a dozen locations across Canada. (Lynne Sladky/Associated Press)

But Bruce Winder, co-founder and partner at Retail Advisors Network, says the move is a much bigger deal for the hyper-competitive world of Canadian grocery.

“It’s going to cause a fairly seismic impact,” he said in an interview. While he acknowledges the Whole Foods footprint is relatively small in Canada, “it fires a shot over the bow of traditional grocery,” he said.

The move likely won’t cause a flood of people to change their grocery store, he said, but “it’s going to wake up some people to consider a switch.”

If it gets enough of them through the door — and possibly buying new Prime memberships — Winder says it’s worth it.

That’s because most people shop one or two times a week, “and if they can get that customer coming in, invite them into the ecosystem, get them to use Prime — and suddenly you’ve got a strong rewards system there that keeps the customer within the Amazon world,” he said.

And ultimately, anything that causes the rest of the industry to take a look at its own businesses is a good thing for everyone.

“The consumer wins,” Winder said.

Continue Reading

Headlines

What I Learned at the Opening of Toronto’s First Legal Weed Store

Editor

Published

on

By

Perhaps it was fitting that Ontario’s weed stores finally opened their doors on April Fool’s day—because the province’s retail rollout has arguably been a joke.

In the end, only ten of the 25 private cannabis retail operators selected via lottery were able to open Monday. There was one store open in Toronto, a city of 2.6 million, where more than 100 illicit dispensaries were in operation prior to legalization.

VICE visited the Toronto store, called The Hunny Pot, located downtown near Queen Street and University Ave. Here are a few key takeaways from the experience:

People give a shit

When we showed up at 8:45 AM—about 15 minutes before The Hunny Pot opened, there were dozens of people already in line. This despite temperatures being below 0 degrees Celsius [32 degrees Fahrenheit] and the fact that you can order weed online. Cannabis lawyer Caryma Sa’d and a few others parked a tent in front of The Hunny Pot at 10 AM Sunday to ensure they’d be first in line. Sa’d told VICE she can’t order weed through the Ontario Cannabis Store website because it doesn’t accept Visa debit cards, so she wasn’t able to buy weed on October 17. “Obviously Ontario has been extremely slow to open brick and mortar stores and it was something of a second chance to be first.” The line only got busier as the day progressed, and the three levels of the store’s interior were jammed the entire time we were there.

The owner doesn’t smoke weed

The Hunny Pot owner Hunny Gawri is a real estate agent who told VICE he has consumed cannabis only on rare occasions. He has, however, run a bunch of different types of shops, including cell phone stores and an indoor kids’ playground.

“I think I might be able to speak more for people who haven’t tried it and are curious now that it’s legal,” he said, noting he wants more education on the effects various strains will have on him. “There’s a lot of enthusiasts out there and I’m looking forward to understanding it more, learning more about it as we go through the process.” Advertisement

Gawri said his retail experience is what allowed him to build the store in a short period of time. He said he was in part attracted to selling weed because it’s “definitely going to be a lucrative industry,” especially given Ontario’s population. Many of the other weed operator lottery winners in Ontario have partnered with larger retailers in licensing deals, but The Hunny Pot is independent.

People are pissed about this tone-deaf shirt

Staff at The Hunny Pot were outfitted with uniforms that had jokey slogans on the back, including “baked fresh daily,” and “I’m high on life.” However one of the staffers—a white woman—wore a shirt that said “I run on weed & gangsta rap.” People were not amused when I tweeted a photo of it. That’s because it seemed a little tone deaf, considering that black people are disproportionately arrested for weed crimes, and vastly underrepresented in the legal weed industry.

“There are about 500,000 Canadians w/ marijuana convictions on their record. Black folks were targeted for these offenses & are wildly over-represented in that number. But YUK YUK isn’t this tee so cute? Everybody wanna be Black but nobody wanna be Black,” tweeted Jared A. Walker, a Toronto-based writer and communications consultant. Yeah, might be a good idea to pull that shirt out of the rotation.

golden-joint

A golden joint (left) and a “CBD dominant” strain (right). Photos by the author

The weed isn’t cheap

I paid $51 [$38 USD] for 3.5 grams of San Rafael Pink Kush—an indica containing 21 percent THC. Online, that quantity is priced at $42.85 [$32.08 USD] plus a $5 [$3.75 USD] shipping fee, though it’s sold out currently. Owner Gawri told VICE grams at his store range from $9.50 [$7.11 USD] to $22 [$16.47 USD]. It goes without saying that black market weed is still cheaper, especially if you buy weed in larger quantities. But being the only legal weed store in Toronto, The Hunny Pot is still going to get a lot of traffic.

There’s an Apple Store vibe

The Hunny Pot is aesthetically very sleek. It’s 3,500 square feet with a lobby area, and three levels where cannabis is displayed in sensory jars that allow you to smell the various strains and examine them through a magnifying glass. Each customer is greeted by a budtender who walks them through their options and then places orders through an iPad. Once you’re done placing your order you wait in a line to pay and pick up the weed at the cashier.

There was a Christian man protesting weed

After spending a few hours at the store, we walked outside to find a protester across the street holding up a sign that said “there’s no hope in the dope. John 8:36.”

It turns out that’s not actually what that bible verse says. The guy was shouting “it’s corrupt, it’s dirty, it’s vile, it’s not God’s will” into a microphone. And I took that as my cue to go home.

Continue Reading

Headlines

Two Ontario pot shops appear to be violating building code and accessibility laws

Editor

Published

on

By

Toronto’s only licensed, up-and-running, brick-and-mortar cannabis store was open for business on April 1. But some customers with disabilities encountered difficulties when attempting to access the Hunny Pot Cannabis Co. near Queen Street West and University Avenue—there was no ramp to facilitate access for users of mobility devices such as wheelchairs and walkers.

Global News reports that Jordan Dragiz went to the Hunny Pot on Monday to pick up a few cannabis products. After a long wait in line, Dragiz arrived at the front–only to realize that there was no ramp to the front door. In order to be served, Dragiz was forced to leave his wheelchair sitting on the sidewalk and had to be brought in and out of the shop without the device, via staff assistance.

“I wasn’t shocked. I was kind of expecting this. But I wasn’t sure if there’s going to be a ramp or not. I’m more shocked they don’t have a ramp,” Dragiz told Global News. “All these buildings are pretty old … I was wondering what I was going to do, how I was going to get in. But good thing they were nice enough to help me in.”

Staff at the Hunny Pot Cannabis Co. went on the defensive when asked by Global News to explain the lack of accessibility.

“We fully accommodated those individuals. Today, up to four individuals came through with accessibility needs including wheelchair and each were able to purchase product,” Kate Johnny informed Global News in a statement on Monday night. Johnny added that the shop’s owner is working with consultants to identify and correct accessibility issues.

“We do have a temporary ramp that we can bring in to let them come into the store and the ability for our budtenders to bring the point-of-sale and products directly to the individual who currently cannot access the third and fourth floor retail spaces,” says Johnny.

Global reports that upon attending the store on Monday to view the temporary ramp, a rep informed them that the store could not display the ramp due to the influx of clients.

The Hunny Pot Cannabis Co. appears to be in violation of the Ontario Building Code and accessibility laws.

1a Fire Flower 0378 e1554218398428 Two Ontario pot shops appear to be violating building code and accessibility laws
Ottawa’s Fire & Flower is also currently inaccessible to potential clients with mobility issues. Wayne Cuddington/ Postmedia

“I can tell you that all businesses need to adhere to the Ontario Building Code, which says that any new or considerably renovated building needs to be accessible for people with disabilities,” Minister for Seniors and Accessibility Raymond Cho said in a statement.

“I am reviewing the matter immediately and will be working very closely with my colleague, the Minister of Municipal Affairs and Housing, as well as my other colleagues who are engaged on this issue on ensuring that we take a full government approach to accessibility.”

Hunny Pot is not the only Ontario dispensary catching criticism for a lack of accessibility. Ottawa’s Fire & Flower is also currently inaccessible to potential clients with mobility issues, although Ottawans have other options at their disposal that are accessible such as Hobo and Superette.

Global reports Fire & Flower spokesperson Nathan Mison says that a “wheelchair ramp, a chair lift, a wider front doorway and wider hallways” were originally planned as part of the store. Because the shop is located in a heritage building, he says, any major renovations would require municipal approval.

As a result, plans to make the store accessible to all clients had to be delayed in order to open by April 1. Because of that, and the tight timeline the company faced before opening day, plans to make the building fully accessible had to be delayed, says Mison, who claims Fire & Flower is working with the city of Ottawa and hopes to have changes implemented over the next few months.

“It’s still in process and we’re still working that through,” he said.

It is unclear whether Hunny Pot or Fire & Flower will face repercussions for flouting provincial disability laws.

Want to keep up to date on what’s happening in the world of cannabis?  Subscribe to the Cannabis Post newsletter for weekly insights into the industry, what insiders will be talking about and content from across the Postmedia Network.

Continue Reading

Chat

Trending