Saturday, May 31, 2025

Latest

Halo Collective Extends Maturity Of $15 Million Promissory Note

The Halo Collective (NEO: HALO) last night managed to extend certain funding it has received from its financial partners. The company has extended a convertible promissory note for a third time with a private arms-length lender.

The note provides the company with up to $15 million, with the note bearing interest at a rate of 9% in the first year, and 13% for any additional year on any drawdowns made. The facility is set to mature October 21, 2022, subject to further extensions.

The note effectively amends and restates the Second A&R Promissory Note, which was entered into by the company in August 2020. Notably, there is not an outstanding balance on the credit facility, with the company reportedly maintaining access to the facility for “additional flexibility,” as per CEO Kiran Sidhu.

The debt extension follows the company earlier this month conducting a 100 to 1 reverse split of its equity, dropping its outstanding share count from 2.87 billion shares to 28.7 million.

Halo Collective last traded at $2.20 on the Neo Exchange.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Halo Collective To Acquire Pistil Point Facility, Oregon Licenses And Assets For $12.2 Million

Halo Collective Inc. (NEO: HALO) this morning announced that it has entered into definitive agreements...

Friday, August 27, 2021, 09:36:00 AM

Halo Collective To Conduct Second Share Consolidation In Nine Months

It hasn’t even been a year since its last share consolidation, yet Halo Collective (NEO:...

Tuesday, June 21, 2022, 09:17:21 AM

Medical Cannabis Firm Akanda Prices US$16 Million IPO

International medical cannabis firm Akanda Corp. (Nasdaq: AKAN) goes public today on the Nasdaq Capital...

Tuesday, March 15, 2022, 02:26:00 PM

Halo Collective Realigns International Assets To Form African Medical Cannabis Company

US-based cannabis company Halo Collective Inc. (NEO: HALO) announced this morning that its board has...

Tuesday, June 22, 2021, 09:27:13 AM

Akanda Corp Sees Shareholders Replace Board Just Months After Go-Public

It may have gone public just in March, but Akanda Corp (NASDAQ: AKAN) has already...

Thursday, June 23, 2022, 09:17:20 AM