An anonymous director reports

HALO COLLECTIVE PROVIDES UPDATE ON STATUS OF FINANCIAL STATEMENTS

Halo Collective Inc. has provided an update to its previously announced management cease trade order (MCTO) granted by the Ontario Securities Commission under National Policy 12-203, Management Cease Trade Orders. Pursuant to the MCTO, the Corporation's CEO, Katie Field, and the Corporation's CFO, Marshall Minor, may not trade in securities of the Corporation until such time as the Corporation files its annual audited financial statements, annual management's discussion and analysis and related certifications for the year ended December 31, 2022 (collectively, the "Required Documents"), and the OSC revokes the MCTO.

The MCTO does not affect the ability of other shareholders to trade their securities.

The Corporation has not yet filed the Required Documents, however Halo is working diligently with its auditors and expects that the Required Documents will be filed as soon as possible. The delay in filing the required documents is in connection with audit delays related to a recent change of auditor for the Corporation and the additional steps required for third party valuations needed for audit purposes.

Halo also confirms that it intends to satisfy the provisions of NP 12-203 and issue bi-weekly default status reports for so long as they remain in default of the financial statement filing requirement, containing any material changes to the information in this release, all actions taken by Halo to remedy the default, particulars of any failure by the Corporation to fulfill these provisions, any subsequent defaults of Halo requiring a default announcement and any other material information concerning the affairs of the Corporation not previously disclosed.

About Halo Collective

Halo is focused on the United States West Coast, where it has vertically integrated operations covering the entire value chain from seed to sale. Halo cultivates, extracts, manufactures, and distributes quality cannabis flower, pre-rolls, vape carts, edibles, and concentrates. Halo sells these products under a portfolio of brands, including Hush(TM), Winberry Farms(TM), its retail brand Budega(TM), and license agreements with FlowerShop*. In addition, Halo has opened two dispensaries in Los Angeles under the Budega(TM) brand in North Hollywood and Hollywood, with plans to open one more in Hollywood in 2023.

In the non-THC sector, Halo is expanding into health and wellness categories, including CBD and functional supplements such as nootropic nutraceuticals and non-psychotropic mushrooms. Halo, through a series of acquisitions, has product offerings in the form of beverages (H2C Beverages), dissolvable strips (Dissolve Medical), capsules (Hushrooms(TM)), and topical supplements (Hatshe) with proposed national distribution via a strategic agreement with SWAYEnergy Corporation.

Halo has successfully 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 is the largest shareholder. Halo has also acquired a range of software development assets, including CannPOS, Cannalift, CannaFeels, and a discrete sublingual dosing technology, Accudab. Halo intends to reorganize these entities (including their intellectual property and patent applications) into a subsidiary called Halo Tek Inc. and to complete the distribution of the shares of Halo Tek Inc. to shareholders on record at a date to be determined.

We seek Safe Harbor.