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Benzinga

Business

Vuk Zdinjak

Halo Collective Signs A Letter Of Intent To Acquire Swiss CBD Company Phytocann

Halo France United States

Halo Collective Inc. (OTCQB:HCANF) (NEO:HALO) (Germany:A9KN) (France/Swiss ISIN: CA40638K5070) has signed a letter of intent and entered into exclusive negotiations to acquire Phytocann Holdings SA. The planned acquisition would add substantial revenue, EBITDA, geographic diversification and a CBD-based product lineup to Halo when closed.

Halo is proposing to acquire Phytocann through a wholly owned subsidiary to be formed by Halo, in Ontario, Canada; Phytocann International Holdings. PIH is the planned vehicle for all of Halo's remaining non-THC assets anchored by Phytocann.

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