Bulls And Bud Of The Week: Halo Labs And 6 Things To Do In Illinois When Cannabis Becomes Legal

Welcome to the latest installment of “Bulls and Bud,” a column where we take a look at some of the most promising stocks and brands in the legal cannabis industry.

Halo Labs

Back in February, I introduced you to a company called Halo Labs (OTC: AGEEF).

This is an Oregon-based manufacturer of cannabis oils and concentrates where it boasts about 20 percent of the Oregon concentrates wholesale market, and has done more than $25 million in revenue. But the company’s recent moves into California and Nevada have given it some serious swagger that’s worth a closer look.

Following its expansion into California and Nevada, Halo has tripled revenues.

The company’s California operations generated $5.3 million, while its Nevada operations generated about $500,000 and its Oregon operations pulled in just over $2 million.

Because Halo built its brand early in Oregon, and had a solid foundation for growth, it was able to successfully swoop into the California and Nevada markets. And this is just the first year. I expect to see continued growth in all three markets, with the lion’s share of revenue coming from California, and the biggest growth coming from Nevada. (Full disclosure: I own shares of Halo.)

Need more cannabis news? Check out all of our coverage

Full story available on Benzinga.com

More Bulls And Bud Of The Week: Halo Labs And 6 Things To Do In Illinois When Cannabis Becomes Legal