Halo Collective Inc. announced that it is strategically expanding into the functional beverage market with a proposed stock-based acquisition of private company operating as H2C Beverages ("H2C") and the entering into of a distribution and manufacturing agreement (the "Distribution Agreement") with Elegance Brands Inc. ("Elegance"). Pursuant to the terms of the Distribution Agreement, Elegance has agreed to purchase $30 million of Halo's H2C and Hushrooms branded products during the 24-month period following the launch of the products (the "Launch Period") and to distribute these products to retail outlets in respective legal states across the United States.
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5-day change | 1st Jan Change | ||
0.0001 USD | +9,900.00% | 0.00% | +9,900.00% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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+9,900.00% | 15.08K | |
+31.96% | 272M | |
+33.74% | 261M | |
+49.42% | 194M | |
+44.98% | 131M | |
-42.17% | 119M | |
-28.57% | 121M | |
+115.91% | 119M | |
0.00% | 86.82M | |
+150.00% | 75.33M |
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- Halo Collective Expands into Functional Beverages, Agrees to Acquire H2C Beverages and Establishes a $30 Million Distribution Agreement with Elegance Brands