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Elegance Brands Partners with Halo Collective to Produce THC Beverages
Elegance Brand licenses IP to Halo, Halo to get minority interest in Elegance.
Elegance Brands announced it will exclusively license the intellectual property rights for its THC brands and provide support to Halo Collective on operations and manufacturing technology for the manufacture and sale of THC-infused beverage products.
Halo will receive a 2 percent royalty on all sales generated from these brands under the licensing agreement. In addition, Halo will acquire manufacturing equipment custom-built for THC beverage production and acquire a minority interest in Elegance.