Halo Collective Inc. announced continued progress in its Budega retail growth strategy in Los Angeles, including strong preliminary store level performance for its first dispensary in North Hollywood (NOHO) and a firm "Grand Opening" date for its second dispensary in Westwood on May 27, 2022. Budega North Hollywood ("NOHO") is generating strong store level performance highlighted by a nearly 300% increase in gross sales in April as compared to the first month of operations in March. NOHO's growth is being driven by positive trends in store metrics such as foot traffic, ticket numbers and basket size.

Additionally, 96% of customers are enrolling in Budega's loyalty program. To further improve store performance Halo is planning the imminent full launch of Budega Delivery which the Company anticipates will add 33% to topline sales. Halo announce that the grand opening of Budega Westwood is scheduled for May 27.

This will be the second Budega location in Los Angeles. The Westwood dispensary is ideally situated in a dynamic and heavily trafficked area, boasting over 161,000 daily vehicles within three blocks. Westwood is a central regional district for shopping, dining, movie theaters, and other entertainment.

Additionally, neighboring Century City is one of the most prominent employment centers in the Los Angeles metropolitan area, with a workforce of approximately 244,000.