This Weed Company Reports 48% YoY Revenue Decline In Q2, Delists From CBOE
Portfolio Pulse from Nina Zdinjak
Halo Collective Inc. reported a 48.1% YoY decline in Q2 2023 revenue, amounting to $3.57 million. The company attributed the dip to an oversupply issue in Oregon and California, leading to lower prices. Additionally, Halo Collective has delisted its securities from the CBOE Exchange. Despite the revenue decline, the company saw a decrease in net loss and operating expenditures compared to Q2 2022. The company's shares closed 12.5% lower at $0.018 per share.
August 16, 2023 | 1:09 pm
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NEGATIVE IMPACT
Halo Collective reported a significant YoY revenue decline and delisted from the CBOE Exchange. The company's shares closed 12.5% lower.
The significant YoY revenue decline and delisting from the CBOE Exchange are negative indicators for Halo Collective. This has likely contributed to the 12.5% drop in the company's share price. The company's financial performance and strategic decisions directly impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100