Raising Cannabis Capital 0112: Halo Labs

Halo Labs is a publicly traded Oregon extraction company with over 50,000 monthly uses.  Their CEO Kiran Sidhu takes the time to explain oils & concentrates to Dan Humiston on the Raising Cannabis Capital podcast before talking about their current expansion into California, Nevada & Africa.  Go to Pitch Decks to get their stock symbols. 

Produced By MJBulls Media

 

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Dan Humiston:
Today's show is brought to you by a new podcast produced by MJ bulls media called Hemp Barons. It's a weekly show about the hemp company's products and entrepreneurs who are using this amazing plant to change the world. Listen to a new show every Tuesday on i Tunes Spotify and Stitcher. And if you like the show please subscribe rate and review.

Kiran Sidhu:
Well actually we've produced more. It's actually what we have sold to end users. And approximately 50000 thousand end users or customers use our products monthly in the three states we operate in which are California Nevada in Oregon.

Dan Humiston:
From M.J. MJBulls Media it's the Raising Cannabis Capital show. I'm Dan Humiston. And on today's show how this publicly traded organ cannabis extraction company is expanding to California Nevada and Africa.

Dan Humiston:
Today in Raising Cannabis Capital we are joined by Kiran Sidhu the CEO of Halo labs. Karen welcome to the show.

Kiran Sidhu:
Thank you for having me.

Dan Humiston:
Well Halo Labs is a publicly traded extraction company and on today's show we're going to talk about your plans for the future and how investors can take part in your success. But before we do I'd like to have you walk through some basics. We get so many e-mails from listeners who have a lot of cannabis experience but it's with flower smoking it and edibles and I thought you'd be the perfect person if you don't mind just taking a step back and explaining to us oils and concentrates.

Kiran Sidhu:
Sure I'd love to. So. So when you smoke flower the active ingredient of the flower is what's known as only a resin or the sap is you would see on trees that's secreted by the flower in order to attract seeds because flowers are female. And so what extraction is is just a modern day process in order to extract all the only resin from the flower in the old days this was done using screens and the resulting product was harsh. What we are doing is actually extracting and making modern day hash oil which is used for a variety of things from bait cartridges to edibles to topical.

Dan Humiston:
Okay. Interesting I've never heard to explain like that before I know our listeners are going to appreciate that when you know and I got to say that from an oil and concentrate expert and very few people that can that are at your level. I know there's very few people on the planet who've produced over is it three point five million grams of oil and concentrate.

Kiran Sidhu:
Well actually we've produced more. It's actually what we have sold to end users. And approximately 50000 end users or customers use our products monthly in the three states we operate in which are California Nevada and Oregon. Now's a good time to tell us about Halo apps so Halo Labs is a manufacturer of cannabis oil and concentrates. We founded Halo labs in 2016 but in previous companies we had been also in extraction. So we're kind of unique in the sense that we all have blue chip backgrounds but we've actually been packing columns and extracting since 2013 and Halo Labs was actually started in a chicken coop where we basically kicked out the chickens and we started packing columns and doing butane extraction in an open loop system and then we would actually take the crude oil we made there and we would finish it. And Andreas met one of our co-founders garages and at the time it was a medical regime so we would put it in the back of Grady Smith's Toyota Celica and then he would sell it to local dispensaries medical card the medical card.

Kiran Sidhu:
That's great that's great story and you know it's even better your Ivy League educated you went to Wharton School of Business and here you are. It's just you wouldn't expect that but that's that's how it's done. It's very exciting that you that you guys roll up your sleeves and got it. I give you a lot of credit for that.

Kiran Sidhu:
It was quite the time. You know quite the time.

Dan Humiston:
Well you have your own brand and you also provide private label products for many of the largest companies in the industry. What's your brand named.

Kiran Sidhu:
So we have multiple brands that in multiple states that address multiple segments. So we have hush which is are sort of everyday value brand and that is in California and in Oregon we have a high end brand called gilt which actually is the only branded product that carries the DAB tabs or the DAB cap tablets which is a unique product which enables people to smoke concentrates using vape pen as opposed to having sticky concentrates and having to use concentrates in the traditional method of a blowtorch. You know sitting down and you know what they call dabbing. And then we have other specific brands Mohamed a which is one in Nevada that addresses sort of a middle market need and we have black hat which is a another middle market brand but is more heavily geared towards concentrate users. In addition as you said we do a lot of white labeling. We do white labeling for nectar which is the largest dispensary chain in Oregon. We do some for Cleaver which is one of the larger dispensary chains in California and we just announced a distribution deal with ease to do DAB tabs with them and we hope that that will expand to other product lines given the fact that they're arguably the large. Just dispensary chain even though there a delivery chain in California.

Dan Humiston:
Just a quick reminder that you can view each of the company's confidential pitch decks including how much they're raising and the terms of their deals on the MJBulls Web site. Go to M.J. Bowles dot com to find the cannabis investment opportunity that's right for you.

Dan Humiston:
Well thousand users and those are just in those three states. When we were scheduling our interview today we had to wait for you to get back from Africa because you just recently signed a deal to distribute your products in Africa which to me is so exciting. Can you just give us give us a little bit of that story.

Kiran Sidhu:
So in 2019 we're you know we're increasing our sales and we have this. It's pretty much a projected trajectory to go from approximately 10 million U.S. last year which was primarily Oregon to approximately 48 million U.S. this year which would include California and Nevada as well as Oregon. And then next year those three markets would grow. In particular California. But the future really is outside the United States. If I look at the market that has the most potential for growth it's Europe. The best way to serve the European market is really through Africa. And so you're seeing companies now investing in Africa and in Colombia and other places where you can grow for export. And in Africa we have a deal in the country of less Sioux to write lay Sioux too which is in the north center of South Africa. It's known as the Switzerland of Africa where a meters. We have pristine water. We have unfilled land. We have abundant labour. We have abundant UVB light May 25th is the equivalent of Thanksgiving. So in Thanksgiving the sun was hot the weather was 73 degrees and it was just beautiful conditions to grow biomass. And in addition to that we're negotiating with the government there to give us a a 10000 square meter facility to extract. And from there we would do it under what's known as good manufacturing or pharmaceutical auspices for sale within Africa as well as export into Europe. And we think that is a huge market.

Dan Humiston:
So you can export from that country. Oh my gosh.

Kiran Sidhu:
It's a beautiful license. It's a very stable regime to principality and it's a constitutional monarchy. I met with the deputy prime minister with the cabinet. Our partner there is one of the most successful African women private equity investor. I think her fund is 250 million. She sat on the board of Sun International South African Airways. So we have a really good infrastructure there and we hope to start exporting next year. And we think that is a exponential growth engine. And we're not the only ones. So Pedro can in Holland with the Savoy ski the crystal family is there supreme invested in a company called met grow and they're their canopy is there and others are coming because they see what we see which is a great opportunity to have high quality concentrates in oils as well as flower for export into Europe and potentially Canada and Australia.

Dan Humiston:
Wow that's so exciting you're unlocking in the entire continent. That code has been very tricky to pick. Well congratulations it's really expanding. Well we've been speaking with Kiran Sidhu from Halo Labs which is a publicly traded company. And we'll have all this information on the MJBulls Web site but so I have a feeling that a lot of our listeners are going to see this is like I see it as a really good opportunity to make an investment early on a company that you're really just getting started and you already have what 50000 users already this is very exciting times.

Kiran Sidhu:
Definitely definitely.

Dan Humiston:
So Kiran thanks for being on the show today.

Kiran Sidhu:
Well thanks for having me.

Dan Humiston:
Good luck with this.

Dan Humiston:
Thanks for listening to Raising Cannabis Capital to learn more about today's guests or to become a guest. Visit our Web site at MJBulls.com. Today's show is produced by MJBulls media with original music produced in part by Jamie Humiston. I'm Dan Humiston and you've been listening to the Raising Cannabis Capital podcast.

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