#RenewableEnergy #Stock News- Solar Integrated Roofing Corp. (OTC: $SIRC) Reports Record Third Quarter Fiscal 2022 Financial Results; @SIRCStock

#RenewableEnergy #Stock News- Solar Integrated Roofing Corp.  (OTC: $SIRC) Reports Record Third Quarter Fiscal 2022 Financial Results; @SIRCStock

 

On-Track to Substantially Exceed $100M Financial Guidance as Annual Run-Rate Approaches $200M

 

Third Quarter Fiscal 2022 Revenue Increases 964% Year-over-Year to Record $48.2 Million; Management Guides Significant Sequential Revenue Growth Entering CY2022

 

EL CAJON, CA / January 14, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, has reported its financial and operational results for the third quarter ended November 30, 2021.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/01141Record-Third-Quarter.asp

 

Key Third Quarter and Subsequent Highlights

·        Revenue for the third quarter of fiscal 2022 increased 964% to $48.2 million, as compared to revenue of $4.5 million in the same year-ago quarter.

·        Secured lease agreement with Mohave Farms, a tier-1 multi-generational agriculture operator, to build and operate a $36 million micro-grid project for a 20,000 acre farm near Kingman, Arizona.

·        Partnered with Heartland Construction, a national alternative energy developer, to provide electric vehicle (EV) charging station installations for Heartland solar projects.

·        Formed a strategic partnership with Storm Ventures Group ("SVG") and SVG University to educate contractors within the SVG network on the benefits of adding solar to their service offering via USA Solar Networks, a member of the SIRC family of companies.

·        Partnered with the Founders of RxSeedCoin, a cryptocurrency asset listed on the Stellar Exchange, to develop a cryptocurrency funding solution for humanitarian commercial solar projects.

·        Appointed an experienced executive team to support the Company’s rapid growth, including veteran finance executive Wanda Witoslawski as Chief Financial Officer, industry executive Pablo Diaz as President and respected operations executive Dr. Philip Yin as Chief Operating Officer of SIRC subsidiary, USA Solar Networks.

·        Appointed renewable energy finance executive Héctor Peña to the Board of Directors.

·        Initiated targeted program to realize significant cost synergies across the SIRC family of companies, creating a shared corporate infrastructure to lower costs and improve operating efficiency.

·        Entered into a $42.0 million equity purchase agreement with Arbiter Capital LLC to be used for share buybacks, acquisitions and to invest in continued organic growth.

 

Management Commentary

“The third quarter of fiscal 2022 was highlighted by record revenue of $48.2 million, driven by seamless integration of our rapidly growing, high-margin acquisitions and our evolution into a truly national brand,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. “The rapid pace of our acquisitions, partnerships and organic sales growth has enabled this incredible record revenue achievement, and we aim towards substantially exceeding our fairly conservative guidance for $100 million in revenue in the twelve months ended May 31, 2022.  However, this is only a fraction of the run-rate I believe we can achieve by the end of this calendar year with significant sequential growth expected throughout CY2022.  It is impossible for me to overstate what a triumphant accomplishment this quarter represents, serving as both a milestone and a turning point in the company’s history.  We continue to focus on integration of our acquired companies, allowing us to capture the full revenue lifecycle of our customers while bringing new synergies and efficiencies across the SIRC family of companies.

 

“Our prominent national brand and accomplishments have helped to attract new partnerships across a wide variety of industries, utilizing our products and expertise across solar, battery backup, EV charging and roofing installation.  From EV power charging stations, to powering water harvesting products, to enabling cleaner poultry farming – our diverse array of end-customers continues to amaze us as they identify exciting, unique use cases for our clean energy solutions.

 

“As we transition into CY2022, we look forward to completing the next phase of our journey by implementing a name change to SolarEV and a planned ticker change to POWR. While our record quarter clearly demonstrates proven success in solar, we intend to redouble our efforts to become an equally dominant, national player in the EV charging space, with an eye towards exponential, dual-industry growth and an improved focus on generating shareholder value.

 

“Looking ahead, empowered by a recent equity purchase agreement with Arbiter Bank, we are setting off on the next leg in our acquisition journey. We have identified several extremely promising candidates with healthy potential at attractive prices that require no dilution whatsoever to our shareholders.

 

“Finally, we will continue and improve upon our ongoing efforts to engage with our shareholders through our frequent Q&A events and presentations. As CEO, I have never been more excited to see what the future holds for our beloved company. I would like to personally thank each and every one of our valued shareholders for their support in making our successful transition to an industry powerhouse possible,” concluded Massey.

 

Third Quarter Fiscal 2022 Financial Results

Revenue for the third quarter of fiscal 2022 increased 964% to $48.2 million, as compared to revenue of $4.5 million in the same year-ago quarter. The increase was driven by the Company’s continued acquisitions, as well as continued organic growth across the SIRC family of companies.

 

Gross profit increased 2,372% to $25.2 million, or 52% of total revenues, in the third quarter of fiscal 2022, as compared to $1.0 million, or 22% of total revenues, in the same year-ago quarter.

 

Total operating expenses for the third quarter of fiscal 2022 were $7.1 million, as compared to total operating expenses of $1.6 million for the same year-ago quarter. The increase was mainly attributable to increased operational scale, driven by a series of acquisitions made in the prior preceding year.

 

Net income for the third quarter of fiscal 2022 was $18.4 million, or $(0.05) per basic and diluted common share, as compared to a net loss of $0.6 million, or $(0.00) per basic and diluted common share, in the third quarter of fiscal year 2021.

Cash and cash equivalents totaled $1.5 million as of November 30, 2021, as compared to $10.3 million at February 28, 2021.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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SinglePoint Inc. (OTCQB: $SING) Subsidiary, BOX Pure Air, Receives Nearly $2M Purchase Order with North Carolina School District for Full Implementation of AIRBOX™ #AirPurifiers to Address Indoor Air Quality @_Singlepoint_

SinglePoint Inc. (OTCQB: $SING) Subsidiary, BOX Pure Air, Receives Nearly $2M Purchase Order with North Carolina School District for Full Implementation of AIRBOX™ #AirPurifiers to Address Indoor Air Quality @_Singlepoint_

PHOENIX - January 14, 2022 (Investorideas.com Newswire) SinglePoint Inc. (OTCQB: SING) ("SinglePoint" or the "Company") subsidiary BOX Pure Air, a company dedicated to creating safe, clean indoor air zones to improve overall air quality and general health, today announced the receipt of a purchase order from a North Carolina school district to fully implement a clean indoor air solution utilizing the AirBox™ Apex, Peak and Mesa units. This is the Company's first larger purchase totaling nearly $2.0M dollars. The North Carolina school district is implementing a full campus solution customized to the specific needs within the various indoor rooms' combination of units. AIRBOX AIR PURIFIERS™ are commercial-grade solution built in the USA that uses Certified HEPA filtration with high velocity to affect the dynamic room air flow for a comprehensive pathogen hardened solution. AirBox is high quality, requires low maintenance, is easy to use and offers a 5-year warranty on all products.

"The team at BOX Pure Air, have collaborated with this district since the early spring of 2021 in order to create safe indoor air environments. We are pleased with their decision to move forward with our Made in the USA Commercial AIRBOX Air Purification Units that utilize Certified HEPA filtration distributed by BOX Pure Air. This is the first full implementation order of an entire district and although this district represents less than 25 schools, we are in active discussions with several other individual schools and small, medium and large school districts. The indications of interest from school Superintendents, Facilities Managers and other key decision makers continues to accelerate and we continue to see incremental increases in orders coinciding with actual availability of the federal funding," stated Ryan Cowell, CEO of BOX Pure Air.

EPA studies of human exposure to air pollutants indicate that indoor levels of pollutants may be two to five times - and occasionally more than 100 times - higher than outdoor levels. These levels of indoor air pollutants are of particular concern, because most people spend about 90 percent of their time indoors.

School districts are increasingly interested in providing cleaner indoor air quality in areas of the building where it can be difficult to enforce social distancing. In addition to COVID, the common cold and flu often rapidly spreads throughout schools during the winter months. This causes many students and faculty undue missed days of school impacting both the child's education and their families at home. The national government funding that is now being deployed will enable the schools to purchase high efficiency portable air purification units that utilize certified HEPA filtration to improve the health and well-being of students and staff within our nation's schools.

"This is an exciting time for the SinglePoint shareholders and stakeholders as we are beginning to see growing demand for clean indoor air solutions and we are well-positioned to take advantage of that increasing demand to create clean indoor air environments at school, at work and at home. This initial full implementation of a school district reaffirms our decision to acquire BOX Pure Air and the initial go-to-market strategy which was and still is primarily focused on our nation's schools as they look for solutions to keep schools open and provide clean air for students and educators. While the aggregate size of this school district is small the opportunity for SinglePoint shareholders is large as there are over 130,000 K-12 schools in the US. The team at BOX Pure Air has done a phenomenal job securing initial orders not just in K-12 schools but within various colleges and universities as they look for similar solutions within the common educational areas but also within on-campus student residence halls and dormitories. We expect that BOX Pure Air will continue to secure additional sales in the near term and continue to establish itself as a leader in creating safe, clean indoor air zones as clean indoor air can no longer be ignored and is an essential right," commented Wil Ralston, CEO of SinglePoint.

Units will be deployed throughout the district's schools in elementary, middle and high school classrooms, cafeterias, libraries administrative offices, teachers lounges, counseling centers, media centers, conference rooms, multi-purpose rooms, common areas, nurses offices, auditoriums, gymnasiums, locker rooms, film rooms, weight rooms, etc. The units were purchased as a long-term solution comprised of AirBox™ Commercial Air Purifiers utilizing Antimicrobial and Certified HEPA Filters and additional filters designed for coverage over the next three years.

The AIRBOX™ products (APEX, APEX 2.0, PEAK and MESA) are commercial-grade, American made, high-proficiency energy-efficient air purification technology to meet the growing demand for improving indoor air quality. AIRBOX products are designed, built, and certified to government standards, and meet the FDA's enforcement policy guidelines for air purifiers during COVID-19, as well as Department of Education (DOE) requirements, and OSHA, CDC, and ASHRAE conformance. AIRBOX is UL listed and uses only CERTIFIED HEPA filters in all its Safe Air Plan applications.

About BOX Pure Air, LLC

BOX Pure Air strives to provide the best products to help clean air through the deployment of high-efficiency air purification technologies. Box Pure Air works with national accounts and has exculsive multi state territories as well as exclusive international rights. Learn more at www.boxpureair.com

BOX Pure Air is a subsidiary of SinglePoint, Inc. (OTCQB: SING)

Contact Information:

info@boxpureair.com
(843) 936-6649

About SinglePoint Inc.

SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com) and connect on LinkedIn, Twitter, Facebook, and YouTube.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Investor Contact:

JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com

SOURCE SinglePoint Inc.

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#CryptoCorner #Podcast 754: #Stocks discussed: (NYSE: $V) (NasdaqGS: $COIN) (NasdaqCM: $HIVE)

 

 

#CryptoCorner #Podcast 754: #Stocks discussed: (NYSE: $V) (NasdaqGS: $COIN) (NasdaqCM: $HIVE)

 

Visa Study Indicates Nearly a Quarter of SMBs Plan to Accept Crypto, Coinbase Acquiring FairX for Crypto Derivatives, and HIVE Updates 2021 Production Results

 

Point Roberts, WA, Delta BC January 13, 2022 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2022/011322-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/01131V-COIN-HIVE.asp

 

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Stocks discussed: (NYSE:V) (NasdaqGS:COIN) (NasdaqCM:HIVE)

 

Visa (NYSE:V) has published a new study, titled: Visa Global Back to Business Study – 2022 SMB Outlook, which, among other things, found that 82 percent of SMBs (small and mid-size businesses) surveyed said they will accept digital payment options in 2022. The results came from a ​​December 2021 survey of “2,250 small business owners with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates and the United States.” Of those surveyed, 24 percent said they plan to accept digital currencies such as the cryptocurrency Bitcoin (BTC). Jeni Mundy, Global Head Merchant Sales & Acquiring, Visa, said:

 

"Payments are no longer about simply completing a sale. It’s about creating a simple and secure experience that reflects one’s brand across channels and provides utility to both the business and its customer. The digital capabilities that small businesses built up during the pandemic – from contactless to e-commerce – helped them pivot and survive and, by continuing to build on this foundation, can now help them find new growth and thrive."

 

Coinbase (NasdaqGS:COIN) has announced the acquisition of FairX, described in the former’s official blog post as “a CFTC-regulated derivatives exchange or Designated Contract Market,” representing Coinbase’s “next step toward creating the robust and holistic trading environment investors are seeking.” An excerpt from the blog post reads:

 

“Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem. Over time, we plan to leverage FairX’s infrastructure to offer crypto derivatives to all Coinbase customers in the US. We want to make the derivatives market more approachable for our millions of retail customers by delivering an easy-to-use user experience that Coinbase is known for.

 

HIVE Blockchain Technologies Inc. (NasdaqCM:HIVE) has provided an update on its Jan. 10 2022 news release outlining its 2021 crypto production results. While the original release stated that "in summary Total Bitcoin Equivalent mined was 3,222 based on BTC/ETH/ETC,” the real figure was 4,032.

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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Investor Ideas #Potcasts 621, #Cannabis News and #Stocks on the Move; (Nasdaq: $TLRY), (OTCQB: $HCANF), (CSE: $DELC.C) (OTCQB: $DELCF). (CSE: $XBRA.C) (OTC: $XBRAF)

 

Investor Ideas #Potcasts 621, #Cannabis News and #Stocks on the Move; (Nasdaq: $TLRY), (OTCQB: $HCANF), (CSE: $DELC.C) (OTCQB: $DELCF). (CSE: $XBRA.C) (OTC: $XBRAF)

 

Delta, Kelowna, BC, January 13, 2022 (Investorideas.com Newswire) www.Investoride, as.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2022/011322-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2022/cannabis-potcasts/01131TLRY-HCANF-DELC-DELCF-XBRA-XBRAF.asp

 

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Today’s podcast overview/transcript:

 

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

 

In today’s podcast we look at a few public company announcements.

 

Tilray, Inc. (Nasdaq: TLRY) (TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, reported their financial results for the second fiscal quarter ended November 30, 2021 on Monday this week.

 

The Company also announced a new parent name, Tilray Brands, Inc., reflecting the Company’s evolution from a Canadian LP to a global consumer packaged goods company powerhouse with a market leading portfolio of cannabis and lifestyle CPG brands.

 

Irwin D. Simon, Tilray’s Chairman and Chief Executive Officer, stated, “Our second quarter performance reflects notable success building high-quality and highly sought-after cannabis and lifestyle CPG brands which, coupled with our scale, operational excellence and broad global distribution, enabled us to increase sales and maintain profitability despite sector-specific and macro-economic headwinds.”

 

Mr. Simon continued, “Looking at performance highlights across key markets, we maintained our #1 cannabis market share position in Canada – despite market saturation and related competitive challenges -- on the strength of our brands and adept pricing and marketing adjustments. Importantly, we believe these adjustments will enable us to aggressively recapture share when the market right-sizes. In Germany – Europe’s largest and most profitable medical cannabis market – our nearly 20% share leads the market. We believe this, coupled with our infrastructure, will also allow us to capture the adult-use market as legalization accelerates under the new coalition government. Turning to the U.S., SweetWater Brewing and Manitoba Harvest continued to invest in product innovation and acquisitions to enhance awareness and distribution. These profitable businesses further provide an opportunity to launch THC-based products upon federal legalization in the U.S. Subsequent to the end of the fiscal quarter, we also expanded our spirits portfolio through the acquisition of Breckenridge Distillery, deepening our presence in the fast-growing spirits sector while also providing an immediate contribution to earnings.”

 

Mr. Simon concluded, “The totality of our performance, our prospects and our global platform make Tilray Brands' opportunity as compelling as ever, driven by our success as a cannabis and lifestyle CPG powerhouse and our relentless focus on delivering shareholder value.”

 

Tilray’s stock rose 18% in Monday morning trading, to $7.57, following the announcement.

 

According to a recent Barrows article this was “Thanks to last year’s merging of the Aphria business with Tilray, sales grew about 20% in the November quarter, to $155 million. But that is accounting for the business’s continuing operations: the pro forma sales of the separate companies in the year-earlier period were actually higher—at some $180 million. Tilray was losing money badly back then. The November 2021 quarter showed a small profit, even though free cash flow was negative.”

 

The article continued, “Simon’s team is cleaning up the operations of the legacy Tilray business, and the November 2021 quarter saw balance-sheet adjustments for mispriced acquired inventories and charges for product whose costs exceed Canadian sales prices. But synergies from the Aphria combination will reap $80 million in annualized cost savings by the end of the company’s May 2022 fiscal year, said financial chief Carl Merton, and another $20 million in the following fiscal year.”

 

Delic Holdings Corp (CSE: DELC) (OTCQB: DELCF), a leader in new medicines and treatments for a modern world, announced that its subsidiary, Ketamine Wellness Centers (KWC), has officially expanded operations into Utah with the opening of its Salt Lake City location. KWC was acquired by Delic in September 2021 and currently operates 11 ketamine infusion treatment clinics across nine states, delivering more than 61,000 treatments to date.

 

Located in the suburb of Taylorsville at 6087 South Redwood Road, Suite B, KWC Salt Lake City is the first of the company's clinics in Utah. With up to seven treatment rooms at the facility, this location will be one of the largest ketamine clinics in the U.S. and the largest ketamine infusion clinic in Utah. The clinic will also create 10 new jobs, with four filled at the outset and an additional six with a full patient schedule.

 

"Utah currently experiences one of the highest rates of mental health concerns in the country with lower access to care, and KWC aims to serve this new community of patients struggling with treatment-resistant conditions," said Kevin Nicholson, CEO of KWC and Chief Operating Officer for Delic. "KWC is known for providing the highest standard of care and we are committed to providing the most effective and personalized treatment protocol to our patients and support and education to their loved ones."

 

The launch of KWC Salt Lake City allows Delic to execute its strategy of opening ketamine treatment centers in growing cities with the goal of reaching the greatest number of patients and providing reasonably priced treatments.

 

Matt Stang, co-founder and CEO of Delic, explained, "As the pandemic enters its third year, the need for effective, affordable options for mental health treatments is even more critical. We are thrilled to be opening the first KWC clinic in Utah and building on our promise to make these vital treatments more accessible by expanding our network into underserved communities where they are most needed."

 

To commemorate the grand opening, KWC Salt Lake City will host several events for the community to learn more about the clinic and ask questions about ketamine treatments, including an in-person and virtual meet and greet and a spring event that will bring together other local businesses.

 

Xebra Brands Ltd. (CSE: XBRA) (OTC: XBRAF), a cannabis company, announced that it has commenced formal cannabis cultivation in the Netherlands, including THC varietals.

 

As 1 of only 5 companies to be selected by the Dutch government to participate in trial medicinal cannabis cultivation, Xebra is endeavoring to be awarded 1 of 2 licenses, with a contract for up to 6 years, providing for revenues of up to US$79 million (€70.5 million), to co-supply all pharma-grade cannabis to be sold in the Netherlands.

 

Cultivation in the Netherlands is conducted in Xebra's indoor facility. Xebra's specific genetic varieties are characterized by high production, compact flowers of excellent quality and fine tasting terpene profiles, with a growth cycle of 12-16 weeks.

 

Xebra's Director of Operations in the Netherlands, Harry von Duijne, is an experienced cannabis horticulture expert with more than two decades of practicing horticulture.  He had a leading role at Bedrocan NL® from 2014 and 2017, where he was responsible for managing every aspect of operations of a state-of-the-art cannabis facility, from construction through cultivation and processing, quality management, and GMP certification.  Bedrocan® produces medicinal-grade cannabis under contract for the Dutch Ministry of Health as the only licensed producer in the Netherlands, and for many years was the only licenced producer in all of Europe.

 

Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) today announced that it is strategically expanding into the functional beverage market with a proposed stock-based acquisition of private company operating as H2C Beverages ("H2C") and the entering into of a distribution and manufacturing agreement with Elegance Brands Inc. Pursuant to the terms of the Distribution Agreement, Elegance has agreed to purchase $30 million of Halo's H2C and Hushrooms™ branded products during the 24-month period following the launch of the products (the "Launch Period") and to distribute these products to retail outlets in respective legal states across the United States.

 

Kiran Sidhu, Halo's Chief Executive Officer, commented, "Nootropic nutraceuticals is a relatively new health category that we believe is poised for robust growth. Our strategic acquisition of H2C Beverages will bolster Halo's growth opportunities, even as the recreational cannabis industry faces over-supply issues in our California and Oregon markets. Elegance Brands is the perfect partner to manage and distribute H2C and our functional mushroom brand Hushrooms to mainstream consumers."

 

Added Raj Beri, Elegance's CEO and Founder, "Elegance has successfully established a distribution network with a potential reach to tens of thousands of outlets nationwide that uniquely positions for the significant growth expected in the beverages and functional mushroom markets. We believe that Halo's innovative line of products will be strong sellers alongside our portfolio of brands all built around innovation, and we are excited to offer them to our expanding distribution customers."

 

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