Halo collective announces initiatives to enhance shareholder value

All figures in usd unless stated otherwise toronto , aug. 8, 2022 /prnewswire/ - halo collective inc. ("halo" or the "company") (neo: halo) (otcqx: hcanf) (germany: a9kn) today announced a series of initiatives intended to enhance shareholder value. these initiatives include: implementing cost reduction measures over the past two months, which, in aggregate, are expected to provide annualized cash savings of approximately $7.5 million $5.5 million already achieved from streamlining staff at every level across the organization $2 million from reducing corporate g&a costs are being actively implemented revamping the company's sales organization and commission structure in oregon to align with an aggressive sales goal to regain market share while emphasizing collections and account management.
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