TORONTO--(BUSINESS WIRE)--Halo Labs Inc. ("Halo" or the "Company") (NEO:HALO, OTC:AGEEF) is pleased to announce that the company will be launching DabTabs™, a revolutionary new product that will alter the way cannabis consumers use cannabis concentrates or oils. DabTabs™ are proprietary ceramic discs that store a pre-measured dose of either cannabis concentrate or oil. The DabTabs™ provide a cleaner, smoother, mess free way to consume full spectrum cannabis concentrates that capture the full benefits of the cannabis plant. DabTabs™ work with almost every dabbing device on the market and can be used easily on the go or at home.
The DabTabs™ recently launched in Oregon in late January, with rollouts in Nevada and California in February. As part of the launch, Halo is very excited to announce that MedMen (CSE:MMEN, OTCQX:MMNFF) will merchandise and sell DabTabs™ at all of MedMen’s dispensaries in Nevada and California. MedMen has established itself as a premier merchant in the emerging legal marijuana industry, and Halo is delighted to be partnering with MedMen on the DabTabs™ launch.
DabTabs™ will initially launch under Halo’s Gilt brand, which is being introduced by Halo to appeal to the growing premium recreational consumer. DabTabs™ are the brand’s flagship product offering and will embody the brand’s bold and unapologetic approach to making the most of the special moment’s life presents you.
MedMen SVP Corporate Communications, Daniel Yi, said: “MedMen always strives to offer the highest quality and most innovative products in the cannabis space. We are proud to offer DabTabs™ from Halo in our stores and look forward to getting our customers something that is clearly cutting edge.”
Kiran Sidhu, Halo CEO, commented: “DabTabs is a unique propriety product that gives us a differentiated offering that is unlike any product currently on the market. We are honored to be partnering with MedMen to bring the product to the market which will revolutionize the cannabis vaporization experienced for first time and casual users as well as connoisseurs.”
Halo exclusively licenses DabTabs for Oregon, Nevada and California from ilo™ Vapor: a division of Iconic Ventures, Inc., is a Portland, Oregon based technology, brand and product development company. Its patent pending devices are reinventing vaping. Through cutting edge technology and innovative design, ilo’s™ mission is to create clean, reliable and convenient products that deliver the optimal vaporization experience.
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 as well as Lesotho Africa through a strategic partnership. 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.
MedMen Enterprises is a leading cannabis company in the U.S. with assets and operations across the country. Based in Los Angeles, MedMen brings expertise and capital to the cannabis industry and is one of the nation's largest financial supporters of progressive marijuana laws. Visit www.medmen.com
Investors are cautioned that, except as disclosed in the information circular prepared in connection with the Transaction or this news release, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Halo should be considered highly speculative.
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”.
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.
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.