Mr. Marshall Minor reports

HALO COLLECTIVE PROVIDES DISCLOSURE ON SHARE ISSUANCES PURSUANT TO CONVERTIBLE LOAN FACILITY

Halo Collective Inc. is providing disclosure regarding recent share issuances to Reef Capital Inc. in connection with a convertible promissory note among Reef and the company for a principal amount of up to $5-million.

To date, the company has drawn approximately $3.95-million on the convertible loan facility, and upon notices of conversion issued by Reef to the company between November, 2022, and February, 2023, approximately 123,161,500 common shares of the company were issued in full satisfaction of the outstanding loan amount of $3.95-million. The 123,161,500 common shares of the company correspond to the amounts contained in the Reef notices, but exceed the allowable maximums (in both allowable price discount and maximum percentage) pursuant to the policies and rules of the NEO Exchange, on which the company's securities are listed, and the terms of the convertible loan facility. Detailed disclosure of the Reef share issuances are provided herein.

The preceding disclosure has been made at the request of the NEO Exchange. Additionally, the NEO Exchange has advised the company that no further drawdowns or share issuances to Reef will be permitted by the NEO Exchange under the convertible loan facility.

The company continues seek financing and alternatives in challenging market conditions.

About Halo Collective Inc.

Halo Collective is focused on the U.S. west coast. Halo Collective cultivates, extracts, manufactures and distributes quality cannabis flower, prerolls, vape carts, edibles and concentrates. Halo Collective sells these products under a portfolio of brands, including Hush, Winberry Farms its retail brand Budega, and licence agreements with FlowerShop*.

Halo Collective, through a series of acquisitions, has product offerings in the form of beverages (H2C Beverages), dissolvable strips (Dissolve Medical), capsules (Hushrooms) and topical supplements (Hatshe).

Halo Collective has acquired and integrated a variety of companies which were subsequently reorganized to create Akanda Corp. (Nasdaq: AKAN), an international medical cannabis and wellness company, of which Halo Collective is the largest shareholder. Halo Collective has also acquired a range of software development assets, including CannPOS, Cannalift, CannaFeels and a discrete sublingual dosing technology, Accudab.