Topic: How To Invest

Q: Hi. I think I may have found a cannabis penny stock worthy of buying—Halo Labs (symbol HALO on the NEO exchange). Please, venture an opinion, Pat.

Article Excerpt

A: Halo Labs, $0.50, symbol HALO on the Aequitas NEO Exchange (Shares Outstanding: 157.9 million; Market cap: $79.0 million; www.halocanna.com), is a U.S. cannabis-extraction company formed in April 2016 in Medford, Oregon. Halo Labs is focused on the development and manufacturing of cannabis extract and concentrated products. This stock trades on the Toronto-based Aequitas NEO Exchange, which is recognized by the Ontario Securities Commission. The exchange is also backed by major financial firms such as Barclays and Royal Bank. The stock also trades on the U.S. over-the-counter market under the symbol AGEEF. You can look up stocks on that exchange on websites such as www.marketwatch.com or www.bigcharts.com Halo Labs’ business strategy centres on the belief that demand for cannabis-extract products, such as edibles, tinctures, softgels, vape pens and transdermal patches, will outstrip demand for dried cannabis. In particular, the company anticipates that vaping (short for vaporizing), will soon become the preferred alternative to smoking; it is developing products to meet that expected demand. Vaping…