Halo Collective Inc (OTCMKTS:HCANF) on July 30, 2021 announced its subsidiary Bophelo Bioscience & Wellness secured European Good Agricultural and Collection Practices compliance for cannabis grown at Bophelo’s initial 14-hectare cultivation site. The site is scalable for up to 200 hectares and is located in the first Special Economic Zonein Lesotho, Africa.
The certification will enable Bophelo to export medicinal cannabis. A leading report suggests that EU medical cannabis market will reach $37 billion by 2027.
Kiran Sidhu, CEO, and Co-Founder of Halo, said that the certification is an accomplishment enabling Bopheloto to participate in the growing EU market. Sidhu added that Bophelo can commence commercializing its California and Oregonfor the EU.
The company also announced changes to the board of directors in furtherance of earlier announced reorganization of the international assets to create Akanda Corp.
Kiran Sidhu, Halo’s CEO and Co-Founder said that Ryan’s unparalleled cannabis experience and industry knowledge will shape Halo’s strategies as the company focuses on becomingU.S. a multi-state operator in the western U.S.
The Halo Board will be chaired by Ryan Kunkel and also have seven members including Kiran Sidhu, Katie Field, and Philip van den Berg as non-independent directors, and Peter McRae, Andrew Turman, Anmol Sidhu, and Ryan Kunkel as independent directors. Tej Virk, CEO, and Director of Akanda, that the company is being established with high standards of corporate governance.