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 larger 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. 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.