Halo pot maker to buy Oregon grower in $18.5m debt deal

By Jack Queen (November 18, 2020, 7:53 PM EST) — Cannabis extractor Halo Labs Inc. agreed Wednesday to buy back and forgive nearly $18.5 million in debt in exchange for production assets and distribution pot in Oregon, a deal led by Dentons and boutique cannabis company Emerge Law Group.

Halo will acquire production facilities operating under the Winberry Farms brand, formerly a unit of defunct jar company DionyMed. Assets include an outdoor grow operation, a wholesaler, Winberry brands and half a dozen delivery vehicles, according to a press release from Halo.

The complex deal involves Halo paying seller SP1 Credit Fund nearly 170 million shares worth nearly $1 million for the…

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