ASX listed Halo Food Co has gone into voluntary administration 18 months after buying health and wellness company, The Healthy Mummy, for $17 million dollars. Halo sold THM to healthcare platform Mosh for $588,540 on 10 August.
Halo Foods other brands are functional beverage brand Tonik, milk powder manufacturer Key Dairy, and confectionery brand Grans.
The company went into a trading halt on 24 August, and in a statement to the ASX said the strategic review it started in May to unlock value through divestment, M&A, and other opportunities had not met expectations. Financial support had been withdrawn from the company.
Rahul Goyal, Kate Conneely, and Michael Korda of KordaMentha have been appointed admini…
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