Halo Collective Inc. announced that its Budega Hollywood Dispensary, the Company's first superstore, passed its Los Angeles Department of Cannabis Regulation (the DCR) inspection and is expected to open in 2022. Given the large square footage, the Company anticipates, after a ramp-up period, Budega Hollywood to be the Company's top grossing retail store with up to $15 million in annual sales per year. On August 4, 2022, Budega Hollywood successfully passed the DCR's final site inspection and has been approved to proceed with the agency's final administrative review.

Budega Hollywood has already obtained its state license. Once opened, the store will mark the Company's third Los Angeles dispensary. The Hollywood location is located at Franklin and Argyle, next to the 101 freeway, near the iconic Hollywood sign, and across Franklin from the famed Hollywood Tower.

With ample parking, the site is strategically located, boasting high foot and car traffic accessible by locals and tourists alike. Additionally, the location features an iconic floral themed mural by Oakland artist Jet Martinez known for creating vibrant works of art that put a contemporary spin on folk art motifs. Budega Hollywood will offer a curated product assortment, including many top-tier California brands such as STIIIZY, Jungle Boys, Jeeter, 710 Labs, Alien Labs, Connected, Cookies, and Kiva, as well as highlight Budega's line of branded products, which remain the top-selling SKU's at the existing Budega locations.

In addition, the store will also stock Halo's Hush™ branded cartridges, gummies, and pre-rolls. The store plans to operate Monday through Sunday from 7 a.m. to 10 p.m.