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Halo

Full company profile

uuid0004jk5

Namestring
Halo
Legal namestring
Halo Collective Inc.
Websiteurl
haloco.com
Company typeenum
Public
Founded yearint
2015
Short descriptiontext

Halo Collective Inc. is a publicly traded multi-state cannabis operator vertically integrating cultivation, manufacturing, distribution, and retail across Oregon, California, Canada, and planned Europe via acquisitions of brands and production assets.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersMedford, United States
HQ citystring
Medford
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
cannabis cultivation, cannabis-infused edibles, THC-infused beverages, CBD wellness products, cannabis distribution
Industry3 codes
1Cannabis Dispensary + Wellness/Apothecary Format (Supplements, Skincare, etc.)
CodeCRANAFAJPrimaryYes
2Hemp-Derived Delta-8/Delta-9/THC-A Specialty Retail (Where Legal)
CodeCRANAHADPrimaryNo
3CBD/Hemp Wellness & Supplements Retail
CodeCRANAHACPrimaryNo
NAICS code1 code
  • Beverage Manufacturing3121
SIC code1 code
  • Medicinal Chemicals & Botanical Products2833
Product category
Cannabis Cultivation and Manufacturing
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Cannabis Cultivation and Production
TypeOne Time License
Description

Cultivation and production of cannabis products through owned indoor facilities, generating revenue from wholesale and retail distribution

newswire.ca
2THC-Infused Beverages
TypeLicensing Royalties
Description

Licensed THC-infused beverage rights acquired through Elegance Brands transaction, expanding product portfolio

newswire.ca
3Cannabis-Infused Edibles
TypeOne Time License
Description

Production and distribution of low-sugar cannabis-infused confectionery products through Simply Sweet Gummy acquisition

newswire.ca
4European CBD/Wellness Products
TypeOne Time License
Description

European wellness CBD products through Phytocann Group acquisition, targeting geographic expansion beyond North America

prnewswire.com
Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Halo Collective Inc. is a vertically integrated cannabis company that cultivates, manufactures, distributes, and retails cannabis products including dried flower, THC-infused beverages, cannabis-infused edibles, and CBD wellness products. The company operates through acquired brands and subsidiaries across Oregon, California, Canada, and Europe, selling to recreational and medicinal cannabis consumers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Goal to become one of the largest indoor growers in Oregon
+1 more record
Product and service5 records
1Indoor Cannabis Cultivation (Food Concepts LLC)
CategoryCannabis Cultivation
2Pistil Point Cannabis Cultivation & Distribution
CategoryCannabis Cultivation and Distribution
3Simply Sweet Gummy Edibles
CategoryCannabis-Infused Edibles
4THC-Infused Beverage Rights
CategoryTHC-Infused Beverages
5Phytocann European CBD Wellness Products
CategoryCBD Wellness Products
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2022-09-22
Description

Completed acquisition of assets from Pistil Point entities in Oregon. Deal involved US$4 million payment in Halo shares and expands Halo's cultivation and distribution capabilities in the region.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2022-04-28
Description

Letter of intent to acquire Phytocann Group, a European wellness CBD company. Proposed transaction valued initially at €12.2 million with potential earn-out payments up to €87.8 million. Part of Halo's strategy to separate THC and non-THC operations. Expected to expand revenue, geographic presence, and product offerings in European market.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-11-04
Description

Acquisition agreement for low-sugar cannabis-infused confectionery company based in Vancouver. Strengthens Halo's presence in rapidly growing edibles market with plans to expand production and market reach in California, Oregon, and Canada.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-08-27
Description

Acquisition of large indoor cannabis cultivation facility in Portland, Oregon. Aims to make Halo one of the largest indoor growers in Oregon, expanding production capacity and distribution network within the state.

Strategic tierCoreTypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2021-06-22
Description

Transaction completed where Halo acquired a subsidiary and licensed THC-infused beverage rights. Deal involved issuing over 129 million shares, a license fee, and warrants. Expands Halo's global presence and product offerings in the beverage segment.

Peers10 records
TypeDirect peer
Description

Multi-state operator with vertical integration across cultivation, manufacturing, and retail in multiple US states. Comparable to Halo's MSO structure and asset-acquisition growth strategy.

TypeDirect peer
Description

Cannabis consumer packaged goods company operating cultivation, processing, and retail across multiple US states. Comparable vertical model and branded-product orientation to Halo.

TypeBroad incumbent
Description

One of the largest US MSOs with vertically integrated operations and broad product portfolio. Comparable in vertical model though materially larger than Halo.

TypeDirect peer
Description

California-focused vertically integrated cannabis operator with large-scale cultivation and retail. Comparable indoor cultivation scale ambition to Halo's Oregon operations.

TypeDirect peer
Description

Multi-state cannabis operator with cultivation, processing, and retail assets. Closely comparable in scale, MSO structure, and capital-structure complexity to Halo.

TypeDirect peer
Description

Canadian cannabis producer with branded products and international expansion. Comparable to Halo in product diversification and cross-border expansion strategy.

TypeBroad incumbent
Description

Vertically integrated cannabis operator spanning cultivation, branded products (including beverages), and multi-country distribution. Closely mirrors Halo's vertical integration and category diversification strategy.

TypeEmerging player
Description

Canadian operator with cannabis cultivation and CBD wellness segments, including US hemp-CBD exposure. Comparable to Halo's combined THC/cannabis cultivation plus CBD wellness portfolio.

TypeBroad incumbent
Description

Large multi-jurisdiction cannabis operator with branded products including beverages and edibles. Comparable to Halo's diversified product and geographic footprint, though at substantially larger scale.

TypeDirect peer
Description

Vertically integrated multi-state cannabis operator with cultivation, manufacturing, and retail. Similar asset-light acquisition strategy and branded product focus to Halo.

Market position
Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries5 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds6 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors3 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A10 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Halo

Cannabis Cultivation and Manufacturinghaloco.com

Halo Collective Inc. is a publicly traded multi-state cannabis operator vertically integrating cultivation, manufacturing, distribution, and retail across Oregon, California, Canada, and planned Europe via acquisitions of brands and production assets.

Halo firmographics

Firmographics
Name
Halo
Legal name
Halo Collective Inc.
Website
https://haloco.com
Company type
Public
Founded year
2015
Operating status
Operating
Headcount range
101–250 employees
Short description
Halo Collective Inc. is a publicly traded multi-state cannabis operator vertically integrating cultivation, manufacturing, distribution, and retail across Oregon, California, Canada, and planned Europe via acquisitions of brands and production assets.
Ownership category
akta.pro rank

Halo industry classification

Industry
Product category
Cannabis Cultivation and Manufacturing
NAICS
Beverage Manufacturing (3121)
SIC
Medicinal Chemicals & Botanical Products (2833)
akta.pro primary industry
Cannabis Dispensary + Wellness/Apothecary Format (Supplements, Skincare, etc.) (CRANAFAJ)
akta.pro secondary industries
Hemp-Derived Delta-8/Delta-9/THC-A Specialty Retail (Where Legal) (CRANAHAD), CBD/Hemp Wellness & Supplements Retail (CRANAHAC)

Keywords

  • Cannabis cultivation
  • Cannabis-infused edibles
  • THC-infused beverages
  • CBD wellness products
  • Cannabis distribution

Where Halo is headquartered

Location

Headquarters

HQ city
Medford
HQ country
United States
HQ region
North America

Offices4 records

Markets served

Halo business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

  1. Cannabis Cultivation and Production: Cultivation and production of cannabis products through owned indoor facilities, generating revenue from wholesale and retail distribution
  2. THC-Infused Beverages: Licensed THC-infused beverage rights acquired through Elegance Brands transaction, expanding product portfolio
  3. Cannabis-Infused Edibles: Production and distribution of low-sugar cannabis-infused confectionery products through Simply Sweet Gummy acquisition
  4. European CBD/Wellness Products: European wellness CBD products through Phytocann Group acquisition, targeting geographic expansion beyond North America

Go-to-market motion2 records

Distribution channels4 records

Halo product offering

Product offering

Core offering

Halo Collective Inc. is a vertically integrated cannabis company that cultivates, manufactures, distributes, and retails cannabis products including dried flower, THC-infused beverages, cannabis-infused edibles, and CBD wellness products. The company operates through acquired brands and subsidiaries across Oregon, California, Canada, and Europe, selling to recreational and medicinal cannabis consumers.

Differentiator

Problem solved

Functional benefit

Products and services

  • Indoor Cannabis Cultivation (Food Concepts LLC)
  • Pistil Point Cannabis Cultivation & Distribution
  • Simply Sweet Gummy Edibles
  • THC-Infused Beverage Rights
  • Phytocann European CBD Wellness Products

Quantifiable outcome

  • Goal to become one of the largest indoor growers in Oregon
  • +1 more outcomes

Companies that use Halo

Customer profile

Segments3 records

Ideal customer profiles2 records

Halo technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Halo partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core.

  • Pistil Point entitiescoreStrategic or Co-development Partner · 22 September 2022Completed acquisition of assets from Pistil Point entities in Oregon. Deal involved US$4 million payment in Halo shares and expands Halo's cultivation and distribution capabilities in the region.
  • Phytocann GroupcoreStrategic or Co-development Partner · 28 April 2022Letter of intent to acquire Phytocann Group, a European wellness CBD company. Proposed transaction valued initially at €12.2 million with potential earn-out payments up to €87.8 million. Part of Halo's strategy to separate THC and non-THC operations. Expected to expand revenue, geographic presence, and product offerings in European market.
  • Simply Sweet Gummy Ltd.coreStrategic or Co-development Partner · 4 November 2021Acquisition agreement for low-sugar cannabis-infused confectionery company based in Vancouver. Strengthens Halo's presence in rapidly growing edibles market with plans to expand production and market reach in California, Oregon, and Canada.
  • Food Concepts LLCcoreStrategic or Co-development Partner · 27 August 2021Acquisition of large indoor cannabis cultivation facility in Portland, Oregon. Aims to make Halo one of the largest indoor growers in Oregon, expanding production capacity and distribution network within the state.
  • Elegance Brands Inc.coreOEM/ Whitelabel/ Licensing Partner · 22 June 2021Transaction completed where Halo acquired a subsidiary and licensed THC-infused beverage rights. Deal involved issuing over 129 million shares, a license fee, and warrants. Expands Halo's global presence and product offerings in the beverage segment.

Scale indicators6 records

Halo competitors and assessment

Company assessment

Direct peers

  • Cresco Labs: Multi-state operator with vertical integration across cultivation, manufacturing, and retail in multiple US states. Comparable to Halo's MSO structure and asset-acquisition growth strategy.
  • Green Thumb Industries: Cannabis consumer packaged goods company operating cultivation, processing, and retail across multiple US states. Comparable vertical model and branded-product orientation to Halo.
  • Glass House Brands: California-focused vertically integrated cannabis operator with large-scale cultivation and retail. Comparable indoor cultivation scale ambition to Halo's Oregon operations.
  • iAnthus Capital Holdings: Multi-state cannabis operator with cultivation, processing, and retail assets. Closely comparable in scale, MSO structure, and capital-structure complexity to Halo.
  • Organigram Holdings: Canadian cannabis producer with branded products and international expansion. Comparable to Halo in product diversification and cross-border expansion strategy.
  • 4Front Ventures: Vertically integrated multi-state cannabis operator with cultivation, manufacturing, and retail. Similar asset-light acquisition strategy and branded product focus to Halo.

Broad incumbents

  • Curaleaf Holdings: One of the largest US MSOs with vertically integrated operations and broad product portfolio. Comparable in vertical model though materially larger than Halo.
  • Tilray Brands: Vertically integrated cannabis operator spanning cultivation, branded products (including beverages), and multi-country distribution. Closely mirrors Halo's vertical integration and category diversification strategy.
  • Canopy Growth Corporation: Large multi-jurisdiction cannabis operator with branded products including beverages and edibles. Comparable to Halo's diversified product and geographic footprint, though at substantially larger scale.

Emerging players

  • Village Farms International: Canadian operator with cannabis cultivation and CBD wellness segments, including US hemp-CBD exposure. Comparable to Halo's combined THC/cannabis cultivation plus CBD wellness portfolio.

Market position

Customer concentration

Halo social profiles

Digital presence

Halo financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Halo leadership team

Management profile

Number of profiles

Profiles6 records

Halo subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

Halo funding detail

Funding detail

Funding overview

Funding rounds6 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Halo M&A and investment

M&A and investment

M&A10 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Halo

What does Halo do?

Halo Collective Inc. is a vertically integrated cannabis company that cultivates, manufactures, distributes, and retails cannabis products including dried flower, THC-infused beverages, cannabis-infused edibles, and CBD wellness products. The company operates through acquired brands and subsidiaries across Oregon, California, Canada, and Europe, selling to recreational and medicinal cannabis consumers.

Is Halo a public or private company?

Halo is a public company. It is classified as public and is currently operating.

When was Halo founded?

Halo was founded in 2015. It employs 101 to 250 people.

Where is Halo based?

Halo is headquartered in Medford, United States, in the North America region.

How does Halo make money?

Four revenue lines are on record. Cannabis Cultivation and Production is the primary driver. The others are THC-Infused Beverages, cannabis-Infused Edibles and european CBD/Wellness Products.

Who are Halo's main competitors?

Direct peers on record are Cresco Labs, Green Thumb Industries, Glass House Brands, iAnthus Capital Holdings, Organigram Holdings and 4Front Ventures. Broad incumbents are Curaleaf Holdings, Tilray Brands and Canopy Growth Corporation. Village Farms International is listed as an emerging player.

Does Halo have an API?

No public API is recorded for Halo.

What industry is Halo in?

Halo's product category is Cannabis Cultivation and Manufacturing. Its primary akta.pro industry code is CRANAFAJ, Cannabis Dispensary + Wellness/Apothecary Format (Supplements, Skincare, etc.), with a secondary code of CRANAHAD, Hemp-Derived Delta-8/Delta-9/THC-A Specialty Retail (Where Legal). Its NAICS code is 3121 and its SIC code is 2833.

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Contact sales
Live signals
EIN PresswireHalo Introduces a New Era of Functional Cannabis with Fast-Acting THC DrinksHalo, a veteran-founded company, launched hemp-derived, water-soluble THC beverages for adults 21+ with onset in 10-20 minutes. The drinks are zero alcohol and sugar, Farm Bill compliant, and available at drinkhalo.com. The brand targets a market where alcohol consumption is declining.NewswireHalo Collective Enters into Convertible Promissory Note for Aggregate Principal Amount of Up To C$5 MillionHalo Collective Inc. has entered into a convertible promissory note agreement with Reef Capital Inc. for up to C$5 million in financing. The loan carries a 10% interest rate and allows the lender to convert the outstanding principal into common shares of Halo Collective under specific pricing conditions.NewswireHalo Collective Completes Acquisition of Premium Indoor Grow and Distribution Hub in Portland, OregonHalo Collective Inc. has completed the acquisition of all substantial assets of three operating entities doing business as Pistil Point in Oregon for US$4.0 million payable in common shares. The transaction grants Halo full ownership of indoor and outdoor cultivation, manufacturing, and distribution assets along with multiple cannabis licenses, aiming to enhance its vertically integrated strategy in the state. This move is expected to improve supply chain economics and allow the company to serve 70% of the Oregon market with a 48-hour delivery window from Portland.PR Newswire/R E P E A T -- Halo Collective Reports Second Quarter 2022 Financial Results/Halo Collective Inc. reported a 24.8% year-over-year decline in Q2 2022 revenue to $6.9 million, driven by significant market downturns in California and Oregon that reduced total sales volume by 59.4%. Despite the revenue drop, the company improved its gross margin to 31.9% from 24.1% in the prior year period while reducing its Adjusted EBITDA loss. The company also executed strategic shifts, including selling land in California to reduce debt and opening new retail dispensaries in Los Angeles.PR NewswireHalo Collective Receives All Regulatory Approvals for its Third Budega™ Dispensary in Hollywood, Halo's first SuperstoreHalo Collective Inc. announced that its Budega Hollywood Dispensary, the company's first superstore format, successfully passed its Los Angeles Department of Cannabis Regulation final site inspection on August 4, 2022, and has been approved to proceed with the agency's final administrative review, with state licensing already obtained. The company expects the store, located near the iconic Hollywood sign at Franklin and Argyle, to become its top-grossing retail location with projected annual sales of up to $15 million after a ramp-up period. This will mark Halo Collective's third Budega dispensary in the Los Angeles market, positioning the company within California's $5.2 billion legal cannabis retail market.PR NewswireHalo Collective Announces Initiatives to Enhance Shareholder ValueHalo Collective Inc. announced cost reduction measures expected to deliver approximately $7.5 million in annualized cash savings, including $5.5 million already achieved through staff streamlining and $2 million from reducing corporate G&A expenses. The company completed the sale of real property owned by its subsidiary Ukiah Ventures Inc. for $2.35 million, using $1.5 million of the proceeds to reduce short-term debt. CEO Katie Field stated the company is focused on achieving more with less and making operations cash neutral, while also revamping its Oregon sales organization and pausing capital projects amid a saturated California cannabis market.PR NewswireHigh Tide Takes Control of Three Kushbar Locations in AlbertaHigh Tide Inc. has seized control of three Kushbar retail locations in Alberta after Halo Collective Inc. defaulted on a $1.8 million promissory note related to the previous sale of these stores. The company anticipates obtaining full ownership by early August 2022 and plans to rebrand the locations under its Canna Cabana discount club model, citing an annual revenue run rate of $3.25 million for the stores.PR NewswireHalo Collective Promotes Katharyn Field to Chief Executive OfficerHalo Collective Inc. promoted President Katharyn Field to Chief Executive Officer, succeeding Kiran Sidhu who resigned from his role and board position. The leadership change accompanies a strategic shift toward a streamlined, retail-focused model in California to drive near-term profitability, alongside the appointment of Cassidy McCord to the Board.PR NewswireHalo Collective's Budega™ Dispensary in Westwood to Open May 27 and Hollywood Planned for JuneHalo Collective Inc. announced that its Budega Westwood dispensary in Los Angeles will open on May 27, 2022, with the Budega Hollywood location expected to follow in June, bringing the company's total Los Angeles dispensaries to three. The Hollywood location will be a 4,500-square-foot superstore featuring more than 1,000 SKUs, and the company expects both new locations to contribute meaningfully to revenue and operating profit by the second half of 2022. The Westwood dispensary (operated by ZXC11, LLC) passed its Los Angeles inspection and is strategically located near UCLA and the Beverly Hills tourist district.PR NewswireHalo Collective signe une lettre d'intention pour l'acquisition de Phytocann Group, leader européen des produits de bien-être au CBDHalo Collective Inc. signed a letter of intent and entered exclusive negotiations to acquire Phytocann Holdings SA, one of Europe's leading vertically integrated CBD wellness companies headquartered in Switzerland. The transaction carries an initial consideration of €12.2 million plus a contingent consideration of up to €87.8 million, structured through a newly formed wholly-owned subsidiary, Phytocann International Holdings, with Phytocann's founder Alexandre-Henri Lacarré set to lead PIH as CEO. Phytocann generated approximately €5.3 million in revenue and €1.2 million in EBITDA in 2020, and projects post-acquisition figures of approximately €17 million in revenue and €4.3 million in EBITDA, with the deal expected to close within 90 days subject to due diligence and regulatory approvals.