Home Therapy fund Halo Announces Annual and Special General Meeting Results

Halo Announces Annual and Special General Meeting Results

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TORONTO, June 16, 2022 /CNW/ – Halo Collective Inc. (“Halo” or the “Company”) (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) is pleased to announce that all of the executive nominees listed in the Circular of the management of the Company dated May 16, 2022 (the “Information Circular”) were elected directors of the Company at the annual general and special meeting of shareholders of Halo held on June 16, 2022 (the meeting”). The detailed results of the voting for the election of directors held at the meeting are set out below.

www.haloco.com (CNW Group/Halo Collective Inc.)

Candidate Name

Votes cast

FOR

% of votes cast FOR

Voting
RETAINED

% voted
RETAINED

Kiran Sidhou

7,246,248

97.96%

150,751

2.04%

Katharyn Field

7,301,999

98.72%

95,000

1.28%

Avtar Dhaliwal

7,303,802

98.78%

90,415

1.22%

Quinn Field Dyte

7,300,483

98.70%

96,516

1.30%

Anmol Sidhou

7,284,407

98.52%

109,722

1.48%

ryan kunkel

7,329,072

99.08%

67,927

0.92%

During the Meeting, the shareholders of the Company also approved:

  1. the renewal of the mandate of Davidson & Company LLP as auditors of the Company for the coming year and authorized the board of directors to fix the remuneration of the auditors;

  2. one or more amendments to the Company’s articles of association for one or more future consolidations of the issued and outstanding ordinary shares of the Company on the basis of consolidation ratios to be chosen by the Board of Directors of the Company within a range between 10 shares pre-consolidation ordinary shares of common stock for one (1) post-consolidation ordinary share and 100 pre-consolidation ordinary shares for one (1) post-consolidation ordinary share, provided that, (a) the cumulative effect of one or more consolidations does not result in a consolidation of more than 100 pre-consolidation common shares for one (1) post-consolidation common share, and (B) such consolidations occur prior to the earliest of the following dates between the 12th anniversary of the meeting and the next annual meeting of shareholders; if and at such time(s) following the date of the Meeting, as determined by the board of directors of the Company in its sole discretion; and

  3. a special resolution was passed authorizing the Company to reduce the stated capital of its common shares;

each as further described in the Information Circular.

The Company has filed a report of the voting results on all resolutions voted on at the Meeting on the Company’s SEDAR profile at www.sedar.com.

About Halo Collective Inc.

Halo is a multinational incubator with assets and operations focused on the THC and non-THC sectors. For the THC sector, Halo focuses on the west coast of United States where it has vertically integrated operations spanning the entire value chain from seed to sale. Halo cultivates, extracts, manufactures and distributes quality cannabis flowers, pre-rolls, vape carts, edibles and concentrates. Halo sells these products under a portfolio of brands such as Hush™, Winberry Farms™, Williams Wonder Farms, its Budega™ retail brand, and through licensing agreements with Papa’s Herb®, DNA Genetics and FlowerShop*. Halo opened a dispensary in Los Angeles under the Budega™ brand in North Hollywood and plans to open two more in Hollywoodand Westwood in the second quarter of 2022. Halo also operates three Kushbar cannabis retail stores located in Alberta, Canada.

In the non-THC sector, Halo is expanding into health and wellness categories, including CBD and functional supplements such as nootropic nutraceuticals and non-psychotropic mushrooms. Halo, through a series of acquisitions, offers product offerings in beverages (H2C Beverages), dissolvable strips (Dissolve Medical), capsules (Hushrooms™) and topical supplements (Hatshe) with proposed national distribution through a strategic agreement with SWAY Energy Company. Halo has entered into a letter of intent to acquire Phytocann Holdings, one of Europe leading wellness CBD consumer packaged goods companies with a portfolio of value and premium brands, including Ivory, Harvest Laboratories, Easy Weed, Kanolia, Herboristerie Alexandra, Buddies and Ghosty Buds.

As an incubator, Halo successfully acquired and integrated various companies which were later reorganized to create Akanda Corp. (NASDAQ: AKAN), an international medical cannabis and wellness company, of which Halo currently owns approximately 44% of the common stock. Halo has also acquired a range of software development assets, including CannPOS, Cannalift, CannaFeels and discreet sublingual dosing technology, Accudab. Halo intends to reorganize these entities (including their intellectual property and patent applications) into a subsidiary called Halo Tek Inc., and to effect a distribution of the shares of Halo Tek Inc. to shareholders of record, on a date to be determined.

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

Connect with Halo Collective: E-mail | Website | LinkedIn | Twitter | instagram

For more information, please contact Minor MarshalActing Chief Financial Officer of the Company at (541) 646-5694 or [email protected]

Caution Regarding Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws 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 indicative of historical facts or information or of current condition, but represent only Halo’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain. and out 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 “anticipates”, “expects” or “does not expect”, “is expected”, ” budget”, “expected”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking information may relate to anticipated events or results, including, but not limited to, completion of consolidation, proposed reduction in stated capital, management’s plans regarding its portfolio of cannabis businesses and its intention to grow in health and wellness, the proposed distribution agreement with SWAY Energy Corporation, l he planned acquisition of PhytoCann, the planned opening date of the California dispensaries and the spin-off proposed by Halo Tek Inc.

By identifying such information and statements in this manner, Halo cautions the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. understood by this information. and statements. Additionally, 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 assurances or warranties can be made. given that these 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. Among others, key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements include the following: management’s inability to successfully integrate the businesses of acquired businesses, changes in the consumer market for cannabis products, changes in expected outcomes of proposed changes to Halo’s operations, delays in obtaining required licenses or approvals necessary to build Oregon operations, dispensaries or Canadian operations, the proposed spin-off with Halo Tek Inc., any unforeseen delays or costs incurred in connection with construction, the ability of competitors to expand operations in Northern California, unforeseen delays or difficulties in cultivating and harvesting Halo Raw Material, changes in general economic, business and political conditions, including changes in financial markets; and other risks disclosed in the Company’s Annual Information Form dated March 31, 2022 and other disclosure documents available on the Company’s profile at www.sedar.com. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying any forward-looking information or statements prove incorrect, actual results may differ materially from those described herein as anticipated, planned, anticipated, believed, estimated or expected.

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 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 are expressly qualified in their entirety by this notice..

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SOURCE Halo Collective Inc.

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