Source: Halo Collective Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Halo Collective Inc. (HALO) has begun initial steps to increase production to max capacity at its Pistil Point, Oregon Facility
  • This includes an assessment and analysis of the current facility design, operations, and workflow with a three-phase proposal
  • The current indoor footprint allows a max production space of 929 sq. metres, of which 558 sq. metres is currently being used
  • Halo Collective Inc. (HALO) is down 12 per cent, trading at $0.11 per share

Halo Collective Inc. (HALO) has taken initial steps to increase production to max capacity at its Pistil Point, Oregon Facility.

This includes an assessment and analysis of the current facility design, operations, and workflow with a three-phase proposal. The facility would increase production and streamline workflow, resulting in a more modern and automated process. The company looks to solidify additional production capacity plans gearing up for sales expansion in Oregon.

The current indoor footprint allows a max production space of 929 sq. metres, of which 558 sq. metres are currently being used.

The external group providing the audit and proposal has over three decades of cannabis facility design, operations management, and construction experience.

Halo’s Chairman and CEO, Katie Field, commented that consummating their indoor cultivation capability is the next step to strategic growth.

“Halo is proud to be a leader in the space, as licenses and capital investment make the cannabis space increasingly more competitive. We believe our vertically integrated capabilities, born in Oregon and developed on the west coast, constitute an optimal platform for future expansion when federal law permits.”

She added that the team has been working to mitigate costs, create efficiencies and right-size production to meet demands.

“We anticipate fostering potential automation to help control overhead and fine-tune profitability. We have focused our grow and cultivation on top-selling strains while continuing to produce and test the markets with new strains in smaller batches. By refining the facility lay out, we will be able to meet new increased demands and further improve quality.”

Halo Collective (HALO) is a cannabis extraction company. It is engaged in manufacturing cannabis oil and concentrates and distributing cannabis products for recreational use in the states of Oregon, Nevada, and California.

Halo Collective Inc. (HALO) is down 12 per cent, trading at $0.11 per share.


More From The Market Herald

" Power Metals (TSXV:PWM) appoints Winsome’s Managing Director to the Board

Power Metals (PWM) has appointed Winsome Resources Managing Director Chris Evans to the Board of Directors.

" MCI Onehealth (TSX:DRDR) clinical data insights pipeline gains momentum

MCI Onehealth (DRDR) is evolving its tech and clinical data insights through revenue deals and relationships with businesses in health and life-sciences.

" BriaCell (TSX:BCT) releases positive clinical and quality of life data in advanced metastatic breast cancer study

BriaCell Therapeutics (BCT) presented positive safety/tolerability and efficacy data from its lead product candidate, Bria-IMT.

" Sintana Energy (TSXV:SEI) lists on OTCQB Venture Market

Sintana Energy (SEI) has upgraded from OTC Pink to the OTCQB Venture Market.