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Benzinga
Benzinga
Business
Jelena Martinovic

Alpha Blue Ocean Backs Up Cannabis Co. Halo Collective With $50.7M In Debenture Financing

Global Tech Opportunities, Alpha Blue Ocean's investment fund, has entered into an additional financing agreement of CA$65 million ($50.7million) with Halo Collective Inc in the form of convertible debentures.

ABO is expecting that a principal amount of approximately $15-20 million of convertible debentures will be issued from the subscription agreement during 2022 to fulfill Halo's business plan, including the opening of its three planned dispensaries in the Los Angeles area.

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