Halo Collective Inc. announced that the Company has entered into a third amended and restated promissory note for a principal amount of up to CAD 15 million. The Third A&R Promissory Note amends and restates the second amended and restated promissory note that the Company entered into with a private arm's-length lender, as previously disclosed in the Company's press release dated August 26, 2020. The Third A&R Promissory Note extends the maturity date to October 21, 2022, subject to the Company's option to further extend such date by up to 12 months. All of the other terms and conditions contained in the Second A&R Promissory Note remain unchanged. The Third A&R Promissory Note bears 9% simple interest for the first year and 13% thereafter on any drawdowns. There is no balance outstanding under the Second A&R Promissory Note or the Third A&R Promissory Note. There are no commitment or renewals fees.