Halo Food Co. Limited announced it has been awarded its third material Coles Private Label Tender by Coles Supermarkets. This is the third Coles contract awarded to Halo and the first two contracts continue to be produced on a monthly basis.

This third contract highlights the ongoing strength of the Company's strategic relationship with Coles. Halo continues to deliver on large and material contracts with retailers and large clients. Highlights: Halo has been awarded its third material Coles private label contract; The forecast sales value is $2.9 million per annum and is across six additional product lines; The term of the arrangement has not been specified and Halo anticipates the term will be longer than 12 months as is the case with the first two contracts, implying a gross sales value multiples higher than the annual value; A further three product lines are expected to be added in October 2023 and are in addition to the forecast sale value of $2.9 million per Annum; The first two Coles contracts awarded to Halo in 2021 remain ongoing and are produced on a monthly basis at Halo's Australian facilities; Product is forecast to be in Coles stores from May 2023.