Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) said Monday that it has closed a previously announced acquisition of Food Concepts LLC, the master tenant of a roughly 55,000 square foot indoor cannabis cultivation, processing and wholesale facility based in Portland, Oregon.
Under the deal, the facility, which operated under the Pistil Point name by Food Concepts LLC, was purchased by Halo's wholly-owned subsidiary ANM Inc., for $8.2 million, payable in 258.2 million shares of Halo.
The Toronto-based company also announced it had begun constructing a new store in Westwood, Los Angeles – first of three planned dispensaries for Southern California.
The new retail location is poised to begin cannabis sales in the fourth quarter of 2021, Halo said recently.
Located on Santa Monica Blvd, …