Streetbeat News

HCANF

Halo Collective Inc

CEO

Kiran Sidhu

Industry

Medicinal and Botanical Manufacturing

Open

0.00

Mkt cap

15K

Volume

211

High

0.00

P/E Ratio

N/A

52-wk high

0.00

Low

0.00

Div yield

N/A

52-wk low

0.00

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.

Portfolio Pulse from Nina Zdinjak

August 16, 2023 | 1:09 pm

Halo Collective Inc. reported a 32% decrease in FY22 revenue to $24.5M, compared to $36.2M in FY21. Despite the decline, the company saw improvements in gross profit and margins. The decrease in revenue was primarily attributed to pricing challenges in the cannabis markets of Oregon and California. The company is focusing on optimizing operations and product mix to drive long-term growth.

Portfolio Pulse from Vuk Zdinjak

August 10, 2023 | 2:53 pm

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