Halo Collective has named a new CEO.
The multi-national incubation company working in both THC and non-THC sectors, which also has three retail locations in Alberta, promoted Halo president Katharyn Field to the position of Chief Executive Officer.
Field, a proven cannabis industry professional with significant management expertise, succeeds Kiran Sidhu, who resigned as CEO.
Sidhu, whose departure was the result of a mutual agreement with the Halo board, will provide consulting services to the company for six months to facilitate a smooth leadership transition.
Field, a key member of the Halo executive team since joining the company in April 2019, brings nearly a decade of direct cannabis experience spanning all facets of the business.
“Halo is very well-positioned in the US West Coast cannabis space with a strong consumer brand portfolio and a loyal customer base. In particular, we have developed a valuable portfolio of California assets including wholesale and white label manufacturing as well as retail assets in Los Angeles,” Field says. “My initial focus will be on streamlining the organization to establish a rationalized, focused business comprised of assets that create the most value and hold the most promise.”
Halo has also appointed experienced cannabis professional Cassidy McCord to their Board of Directors as a non-executive director. McCord possesses a valuable network and extensive experience, mostly in the cannabis sector.
Halo Collective cultivates, extracts, manufactures, and distributes quality cannabis flower, pre-rolls, vape carts, edibles and concentrates.
In the THC sector Halo is focused on the West Coast of the United States where it has vertically integrated operations covering the entire value chain from seed to sale.
They are also expanding into health and wellness categories with non-THC products like CBD and functional supplements such as nootropic nutraceuticals and non-psychotropic mushrooms.
“The Board believes the time is right for not only a change in leadership, but a change in strategy, and Katie has the right experience and capabilities to leverage the company’s valuable assets to create tangible and sustainable shareholder value,” says Halo board chair Ryan Kunkel.