An anonymous director reports

HALO COLLECTIVE PROVIDES UPDATE ON GLOBAL TECH OPPORTUNITIES

On Aug. 25 Halo Collective Inc. received a default notice from Global Tech Opportunities 6 (GTO), an investment fund managed by Alpha Blue Ocean. The company had previously reached a settlement, pursuant to which, among other things, the company and GTO agreed to effect amendments to certain previously issued convertible debentures of Halo.

Pursuant to Section 2.3(b) of each of the amended and restated debentures, GTO has elected to redeem all of the outstanding amended and restated debentures held in cash, at a redemption price equal to 105 per cent of the principal amount of the outstanding amended and restated debentures. In the event that the outstanding amended and restated debentures are not converted on or before the date that is three business days following, the principal amount represented by such amended and restated debentures shall bear interest at a rate of 18 per cent per annum. The aggregate principal amount of the settlement was $7,001,318 and the remaining balance is $1,771,318.

About Halo Collective Inc.

Halo is focused on the U.S. 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, prerolls, vape carts, edibles and concentrates. Halo sells these products under a portfolio of brands, including Hush, Winberry Farms and its retail brand Budega, and licence agreements with FlowerShop*. In addition, Halo has opened two dispensaries in Los Angeles under the Budega brand in North Hollywood and Hollywood, with plans to open one more in Hollywood in 2023.

In the non-tetrahydrocannabinol sector, Halo is expanding into health and wellness categories, including cannabidiol 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) and topical supplements (Hatshe) with proposed national distribution through a strategic agreement with SWAYEnergy Corp.

Halo has acquired and integrated a variety of companies, which were subsequently reorganized to create Akanda Corp., 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 and 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 to shareholders of record at a date to be determined.

We seek Safe Harbor.