Labs Inc (OTCMKTS:AGEEF)
says it won’t be business as usual for its Oregon business unit
(“ANM”). According to the company, the unit is set to generate orders
worth $1.8 million. If all moves according to plan, the unit might generate
sales totaling to $539,000.
the rise in sales
The company says the rise in sales
orders may be partly to do with consumers stockpiling vape products. They may
have done that upon fears that Oregon would, at some point, place a ban on
However, the generated revenue will be
at a figure lower than $1.8 million. Analysts project that it might be
somewhere around $1.4 million.
Halo Labs has the figure for the
revenues of the first six months ended June 30, 2019. The report shows the
average unaudited monthly revenues standing at about $948,579.An official
working with the company but who wanted his identity kept anonymous said that
they have sufficient inventory. To him, there was no cause for alarm since that
inventory would see them fulfill the high level of orders.
into the future
This company is looking forward to
generating a great harvest from its Evans Creek grow site. A good harvest will
be a production of about 15,000 pounds (6,800 Kilos) of dry weight cannabis. It
seeks to obtain usable cannabis that will be beneficial to users.
A ban wouldn’t mean well for the
company since it will result in revenue losses. The company hopes the ban won’t
be imposed in Oregon. This would translate to a continued rise in sales.
Halo has also unveiled a direct
marketing campaign to the various licensed dispensaries within Oregon. In this
particular regard, it has outlined a wide range of benefits associated with the
DabTabsTM product line. These benefits by far surpass those associated with the
conventional vape cartridges.
Over the coming few weeks, Halo will
take on unveiling another similar campaign to all dispensaries in California.
Halo’s CEO has given his remarks
regarding the looming ban. He opines, “I encourage the state of Oregon to
focus its actions and messaging to curtail black market activities and not to
impose a ban on licensed manufacturers.”