| Toronto, Ontario – March 2, 2021 – Halo Collective Inc. (“Halo” or the “Company“) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) provides a comprehensive update about Bophelo Bioscience & Wellness (Pty) Ltd. (“Bophelo“) — the Company’s wholly-owned subsidiary which is operating a 200-hectare cannabis site near Mafetang in Lesotho, Africa.Bophelo quadrupled the amount of cultivation space in the last year, despite the site’s depletion of necessary imported goods for its development resulting from the current climate of the COVID-19 pandemic. Specifically, the Bophelo operations expanded from 5,400 square feet to over 21,000 square feet of flowering canopy. Currently, this year’s harvest is expected to yield 750 kilograms of product, selling 1,000 kilograms this year. As part of Bophelo’s upward trajectory, it is expected the buildout for flowering canopy will reach up to 1.2 hectares this year with further plans to expand to up to 2.2 hectares by the end of 2022.Recent highlights and developments include:Site visit of a team of journalists Priority target GACP certification Cultivation size growth 2020 – 2022 Start of cannabis extraction |
