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What has just been made public could lead to sharp price swings at Halo Collective (NASDAQ:HALO) on Monday, as it suddenly becomes clear that the Akanda IPO rumors are likely to be true, which is shaping up to the advantage of Halo shareholders should, because Akanda would have to enter the race at a multiple of Halo's current stock market valuation.
Halo Collective (NASDAQ:HLO) recently reported a sixfold increase in the volume of cannabis it sells, which apparently didn't translate into greater sales growth only because the price per gram in Oregon and California fell so sharply. Nevertheless, sales were almost USD 2 million more than in the previous year:
Halo Collective Reports Third Quarter 2021 Financial Results
To my mind, that still means Halo Collective's (NASDAQ:HALO) (NASDAQ:HALO) is on the right track with its operations, and even $40 million in quarterly sales is possible if the price of cannabis gets back to where it was in 2020. Two other sources from the "Halo Empire" open up additional course fantasy!
Akanda + Triangle - Planned Spinouts by Halo Collective
Halo Collective (NYSE:HAL) recently officially sold its two assets, Bophelo (the world's largest licensed cannabis acreage by area) and Canmart (fully licensed UK cannabis importer and distributor), to Akanda Corp. in exchange for 13,129,212 shares. brought in.
So far, one could only speculate that Akanda is looking for a listing on the Nasdaq and will therefore be given a much higher rating. Now those plans are getting concrete, as Halo Collective (NASDAQ:HLO) CEO Kiran Sidhu tweeted after the market close on Friday:
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