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Cannabis extraction company Halo Labs Inc. (NEO: HALO) (OTCQX:AGEEF) declared Tuesday it intends to acquire a cannabis processing technology company, 1275111 B.C. Ltd. Under the deal, the company will obtain all of 1275111’s issued and outstanding shares in exchange for its 147,475,343 common shares. The closing of the deal is subject to NEO Exchange Inc.’s approval. Halo said it would utilize particular 1275111’s patent-pending intellectual property concerning cannabinoid filtration and purification, to reduce production costs and boost its processing capabilities. “This technology is applicable to almost all industry players, and we expect full implementation as early as March 2021,” explained Josh Haddox, the company’s SVP of Operations.

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