Halo Collective Inc. announced that it has received all final approvals from the Los Angeles Department of Cannabis Regulation and California Department of Cannabis Control to commence adult-use sales at its Budega branded retail dispensary in the Arts District of North Hollywood, California ("NoHo"). With the required license and permits in hand, the Company's focus has transitioned from the regulatory approval process to further readying the location to open. This includes implementing the State's required "track and trace" system, receiving initial product orders from vendors, merchandizing the store and preparing for its first customers in early March.

The 1,200 square foot retail facility is strategically located at the northwest corner of Lankershim Boulevard and Hesby Avenue in the NoHo Arts District, a vibrant and heavily trafficked section of metropolitan Los Angeles. NoHo is fast developing, with over $1 billion being invested over the coming years in a series of large-scale housing and commercial development projects.