Halo Food Co (ASX:HLF) awarded third Coles contract

• Halo Food Co (HLF) signs its third contract with supermarket chain Coles, forecasting sales value at $2.9 million per annum
• The company says the third contract highlights the ongoing strength of the company’s strategic relationship with Coles
• Further, CEO Jourdan Thompson says the third win demonstrates the trust of Coles in Halo and its ability to deliver quality products on time and in full
• A further three of its product lines are expected to be added in October and are in addition to the forecast sale value of $2.9 million
• Shares in Halo Food Co hold steady at 2.6 cents as of 11:30 am AEDT

Halo Food Co (HLF) has signed its third contract with supermarket chain Coles, forecasting sales value at $2.9 million per annum.

The company said the new contract highlights the ongoing strength of the company’s strategic relationship with Coles, delivering on large and material contracts with retailers and large clients.

CEO Jourdan Thompson told investors the third win demonstrates the trust of Coles in Halo and its ability to deliver quality products on time and in full.

“We are pleased to continue to support Coles as they grow their private label range in health and wellness and that Coles have recognised Halo as a leading health and wellness manufacturer,” Mr Thompson said.

“We will continue to work with Coles to further expand their range and offering.”

The terms of arrangement has not yet been specified, but the company anticipates the term will be longer than 12 months, similar to that of its two ongoing contracts with the retail giant.

A further three of its product lines are expected to be added in October and will be in addition to the forecast sale value of $2.9 million.

Shares in Halo Food Co held steady at 2.6 cents as of 11:30 am AEDT.