By Alex Carlson Posted on April 15, 2019
Halo Labs Inc (OTCMKTS: AGEEF) has been on a bull run since 2019 started. The stock has rallied from $.20 to over $.60 a share. With momentum building, it looks like AGEEF is on the verge of new highs above $.70 a share. The stock just needs to break out above $.60 and it’s clear sailing to new highs. Taking a closer look and expanding on our coverage initiated last month, there’s a lot to like with Halo Labs Inc.
First up, here’s a little background info for those that are not familiar with AGEEF. 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 Company is currently operating in California and Oregon as well as Nevada with its partner Just Quality. The Company has also begun operations in Lesotho Africa through a strategic partnership.
Halo is already a leader in the extraction of cannabis crude oil, distillates, and resins. The Company’s primary proprietary brands, Hush™, and Gilt™ are available to consumers in California, Nevada, and Oregon. As well, the Company provides its cannabis oils on a white label and business-to-business basis to multiple customers primarily in California.
Hemp CBD Extraction Market
Halo Labs has secured a purpose-built hemp processing facility in Southern Oregon to expand the Company’s production capabilities into manufacturing CBD isolate and distillate. Production at the facility is expected to start in the 3rd quarter of 2019.