Deal Snapshot
HALO TO ACQUIRE SOUTH AFRICAN CANNABIS CULTIVATOR BOPHELO BIOSCIENCE IN STOCK DEAL
Monday 02 December 2019

Canada-based Halo Labs Inc. (NEO: HALO) (OTCQX: AGEEF) (Germany: A9KN) has agreed to acquire South African cannabis cultivation provider Bophelo Bioscience and Wellness in exchange for 40,786,667 common shares of Halo, the company said.

Bophelo has the country's largest licensed land area for cultivation of medicinal grade cannabis products. Bophelo currently leases a five-hectare fully licensed greenhouse canopy, and has conditional approval to expand to an additional 200 hectares of licensed outdoor canopy.


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Details
Date Published: 02/12/2019
Target: Bophelo Bioscience and Wellness
Country: South Africa
Deal Size: 11.67m (USD)
Sector: Agriculture/Forestry
Type: Corporate acquisition
Financing: Stock
Status: Agreed
Vendor:
Buyer: Halo Labs Inc
Comment:


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