TORONTO--(BUSINESS WIRE)--Halo Labs Inc. ("Halo" or the "Company") (NEO: HALO, OTC: AGEEF, Germany: A9KN) is pleased to announce its inclusion in the Horizons US Marijuana ETF (the “ETF”) which began trading today under the NEO ticker symbols HMUS (Canadian dollar units) and HMUS.U (U.S. dollar units).
The Horizon US Marijuana Index’s goal is to track the price movements of a portfolio of North American publicly listed companies with significant business activities in the United States marijuana or hemp industries. The first of its kind, the ETF is designed to provide exposure to multiple top performing companies with a US focus. It is a Gross Total Return index.
Stocks must meet size and liquidity requirements to be included in the ETF. A company must be listed on an US or Canadian exchange, represent significant exposure in the hemp and marijuana industries, have a market cap greater than CAD$75M, a stock price greater than CAD$0.25, and have a 30 day average daily trading volume (ADV) of greater than CAD$100,000. Stocks in the ETF are rebalanced quarterly so that no single stock holds more than 10% of the weight in the index.
The ETF’s holdings can be viewed directly from its website at the link below: https://www.horizonsetfs.com/news/Press-Release/Horizons-ETFs-to-Launch-World’s-First-U-S-Focused
Kiran Sidhu, CEO of Halo Labs, commented: “I am delighted that Halo is being included in the Horizons US Marijuana Index. We are a consistent leader in cannabis extracts, oils, and concentrates. We also believe the Horizons US Marijuana Index represents a turning point for the US market. It suggests investors are closely watching the shift in federal policy and are anticipating the upside to marijuana companies with US exposure.”
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 and Oregon as well as Nevada with our partner Just Quality. The Company has also begun operations in 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.
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, the significance of the ETF creation on investor sentiment on US marijuana companies.
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.