Halo reports 74% year-over-year revenue growth and highest adjusted gross profit since 2019

Halo reports 74% year-over-year revenue growth and highest adjusted gross profit since 2019 - RICH TV LIVE - August 17, 2021 - Second Quarter 2021 Financial Highlights: Revenue of $9.1 million, up $3.9 million, or 74.3%, compared to $5.2 million in Q2 2020, including the sale of over 4.3 million grams of cannabis products principally to dispensaries in Oregon and California, a 302% year-over-year increase. Organic revenue growth was 36%[1]. Gross profit of $2.2 million, or 24.1% gross margin, an increase from $1.0 million, or 19.6% gross margin, for Q2 2020. Adjusted gross profit1 was $2.5 million, or 27.8% gross margin, compared to $1.2 million, or 40.1% gross margin, in Q2 2020. “Halo delivered its highest gross profit adjusted for fair value gains or losses in biological assets and impairments since 2019 due to continued strong revenue growth and revenue optimization efforts to drive higher-quality sales,” said CEO and Co-Founder Kir...