Seattle, Washington–(Newsfile Corp. – May 29, 2019) – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article and CEO video discussing Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) (FSE: A9KN). The company has emerged as a leader in the concentrates sub-sector with revenue that tripled to $8.7 million last quarter with more than $25 million in total assets. In addition to its growing footprint in concentrates, the company recently acquired a hemp processing facility in mid-April that will power their entry into the cannabidiol (CBD) market and began operations in Lesotho via a strategic partnership.
Cannabis concentrates are projected to reach $8 billion by 2022, according to BDS Analytics and Arcview Market Research, making it the fastest growing of the three major segments of the legal cannabis market (flower, concentrates, and edibles). In particular, vaporizers sales soared from less than $100 million in 2014 to more than half of total concentrate sales last year-and they’re expected to hit $6.5 billion in sales by 2022.
CFN Media interviewed Halo Labs CEO Kiran Sidhu to discuss the company’s humble origins and its ambitions to become the world’s leading extraction provider.
The Extraction Experts
Halo Labs was founded by an experienced team with blue-chip pedigrees. After its humble beginnings on a farm back in 2015, the company moved into a 16,000 sq. ft. facility the following year and captured one-fifth of Oregon’s concentrates market by 2018. The company is now growing its presence beyond Oregon and into other states where recreational cannabis has been legalized-including Nevada and California.
The company’s founding team included: