Transactions

Transactions

Overview

Halo Labs Inc., Completes Acquisition of ANM Inc., and $12.9 Million Private Placement of Subscription Receipts

October 01, 2018

Halo Labs Inc. (formerly Apogee Opportunities Inc.) completed its acquisition of ANM Inc., pursuant to which Halo acquired all of the issued and outstanding securities of ANM, as well as the conversion of the subscription receipts issued by Apogee Opportunities (USA) Incand the special units issued by Halo in connection with the previously announced $12.9 million brokered private placement co-led by Canaccord Genuity Corp., Clarus Securities Inc. and Gravitas Securities Inc.

Halo is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates in the cannabis industry. The company has expertise in all major cannabis manufacturing processes, leveraging proprietary processes and products and producing over 2.5 million grams of oils and concentrates since inception. The forward-thinking company is led by a strong management team with deep industry knowledge and blue-chip experience. The Company is currently expanding its operations with new facilities in Nevada and California. With a consumer-centric focus, Halo will continue to market innovative branded and private label products across multiple product categories.

Wildeboer Dellelce LLP acted for the shell, Apogee, with a team comprising Perry Dellelce, Peter Volk, Patricia Good, Niall Sweeney and Phil Lamothe.  

Source: full transaction details