Halo Collective Announces Preliminary Results for North Hollywood Dispensary and Sets Date for Westwood Dispensary Grand Opening

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. Positive trends in store metrics, such as foot traffic and ticket numbers, are driving NOHO’s expansion. Budega’s loyalty program is also being used by 96% of customers. Budega Delivery will soon be fully launched by Halo to improve store performance. The Company expects that Budega Delivery will add 33% topline sales.

Comment Beau McKeonSVP of Retail Operations “Budega Noho is off to a promising start in only its second month of operation, with gross sales tripling and almost all of our customers joining our loyalty program. It’s clear that the community has welcomed us as a new neighbor, and we continue to build momentum with market share.”

Budega Westwood Grand Opening May 27

Halo is happy to announce the grand opening of BudegaWestwood. May 27. This will be the second Budega store. Los Angeles. The WestwoodDispensary is located in a highly trafficked area with over 161,000 vehicles per day. It is just three blocks from the center of downtown. WestwoodIt is a central region district for shopping, dining and entertainment. There are many neighboring Century CityIt is one of the most prominent employment centres in the area. Los Angelesmetropolitan area with approximately 244,000 people.

Budega Strategy: In-Store Experience

Halo has innovated Budega’s in-store customer experience and elevated the standard. “weed” transaction. The Company’s marketing team and its store operations team have worked together to create campaigns that are memorable like “Weed Love to Meet You”Budega’s products inspire, encourage and compel customers. Budega’s product range continues to exceed 1,000 SKUs. This includes top-tier California brands like Jungle Boys, Cookies and Kiva, as well as the Budega-branded products that are a customer favorite. Budega dispensaries will also stock Halo’s Hush™ branded cartridges, gummies, and pre-rolls.

Added Katie FieldPresident of Halo “Budega’s early success is due to our laser focus on guest service standards and commitment to providing vast product assortment. By placing customers first and creating an inviting and welcoming shopping experience, we have instilled loyalty and for that we are deeply grateful. We expect that by building our customer relationships local market share will continue to shift to Budega.”

Both the North HollywoodAnd WestwoodThe stores are open Monday through Saturday 7 a.m.-10:30 p.m.Visit www.budega.comFor more information, please visit

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1 Estimated on a standard 12-month ramp based on management’s experience in space and consideration of known market factors/conditions,  historical data, traffic counts and estimated market size and other data sources. 

2 CBRE Traffic Count and Demographics Reports

About Halo Collective Inc.

Halo is a multinational incubation company that has assets and operations in both the THC and non THC sectors. For the THC sector, Halo is focused on the West Coast of the United States where it has vertically integrated operations covering the entire value chain from seed to sale. Halo produces, extracts from, manufactures, distributes and sells high quality cannabis flower, prerolls vape carts, edibles, concentrates, and vape carts. Halo sells these products under a portfolio of brands including Hush™, Winberry Farms™, Williams Wonder Farms, its retail brand Budega™, and under license agreements with Papa’s Herb®, DNA Genetics, and FlowerShop*. Halo has opened a dispensary in Los Angeles under the Budega™ brand in North Hollywood and plans to open two more in Hollywood, and Westwood in the second quarter of 2022. Halo also operates three Kushbar retail cannabis stores located in Alberta, Canada.

Halo is expanding in the non-THC market by acquiring functional supplements, such as CBD and non-psychotropic mushroom products, and also into health and wellbeing categories like CBD. Halo, through a series of acquisitions, has product offerings in the form of beverages (H2C Beverages), dissolvable strips (Dissolve Medical), capsules (Hushrooms™), and topical supplements (Hatshe) with proposed national distribution via a strategic agreement with SWAY Energy Corporation. Halo has entered into a letter of intent to acquire Phytocann Holdings, one of Europe’s leading wellness CBD consumer packaged goods companies with a portfolio of value and premium brands including Ivory, Harvest Laboratoires, Easy Weed, Kanolia, Herboristerie Alexandra, Buddies and Ghosty Buds.

Halo was an incubator and has successfully acquired and merged a variety companies. These companies were reorganized to form Akanda Corp. (NASDAQ AKAN), an international company that sells medical cannabis and wellness products. Halo currently owns 44% of the common shares. Halo also purchased a variety of software development assets including CannPOS and Cannalift. CannaFeels is a discrete sublingual-dosing technology called Accudab. Halo intends to reorganize the entities (including their patent applications) into a subsidiary called Halo Tek Inc.. At a time to be determined, Halo Tek Inc. will distribute shares to shareholders on record.

Further information about Halo can be found on SEDAR’s disclosure documents. www.sedar.com
Connect with Halo Collective: Email | Website LinkedIn | Twitter | Instagram

Cautionary Note regarding Forward-Looking Statements and Information

This press release contains certain “forward-looking information”Within the meaning of applicable Canadian securities legislation. It may also contain statements that could constitute “forward-looking statements”The safe harbor provisions of the United States Private Securities Litigation Reform Act (1996). Forward-looking information and statements are not historical facts or information. They are Halo’s beliefs regarding future events and plans. Many of these events, plans and objectives are inherently uncertain, and Halo cannot control them. These forward-looking information and statements can be identified generally by forward-looking terminology like “plans”, “expects”Or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”Or “does not anticipate”, or “believes”Or variations of these words and phrases may include statements that specific actions, events, or results are being taken “may”, “could”, “would”, “might”Or “will be taken”, “will continue”, “will occur”Or “will be achieved”. Forward-looking information can relate to expected events or results, including the operation of Budega-branded retail cannabis dispensaries. California and the prospects thereof,  management’s plans regarding its portfolio of cannabis businesses, the Company’s expansion plans regarding CanadaThe expected size and capability of the final Ukiah Ventures facility, and the size of Halo’s proposed cultivation facility. Northern California, and Canmart’s ability to serve the UK market.

Halo is highlighting such statements and information by doing so, Halo is advising the reader that these statements and information are subject to known risks, uncertainties, and other factors which could cause actual results not to match those implied or expressed in them. Halo also makes certain assumptions regarding forward-looking information and forward looking statements in this press release. While Halo believes the assumptions and factors used to prepare the forward-looking statements and information are reasonable, undue dependence should not be placed upon such statements and information. Furthermore, no assurance or guarantee can given that such statements and forward-looking statements will prove accurate. Actual results and future events may differ materially from those projected in such statements and information. The key factors that could cause actual results not to be as expected are: inability of management and the changes in consumer demand for cannabis products; inability to successfully integrate acquired businesses; changes in Halo’s operations; changes in the expected outcomes of proposed changes to Halo’s operations; delays in obtaining the required licenses or approvals required for the build-out of Halo’s operations. OregonCanadian operations, dispensaries and operations, the proposed spinout with Halo Tek Inc. delays or unforeseen cost incurred in connection construction, the ability to scale operations in by competitors Northern Californiaunforeseen or unexpected difficulties, delays, or inaccuracies in connection with the cultivation, harvest, and storage of Halo’s raw materials; changes in general economic and business conditions, including changes to the financial markets; and other risks disclosed in Company’s annual information sheet dated March 31, 2021 and other disclosure documents  available on the Company’s profile at www.sedar.com. Actual results could differ materially from what is anticipated, planned, anticipated or believed to be expected.

Forward-looking information in this pressrelease is made as of the date it was published. Halo cannot guarantee that any forward-looking information or forward looking statements in this pressrelease will be updated, except as required under applicable securities laws. This notice expressly qualifies any forward-looking information or statements that are written or oral and attributed to Halo, or any persons acting on its behalf.

Third Party Information

This press release contains market and industry data that was obtained from third-party sources, including industry publications. Although the Company believes the industry data is accurate, and that its assumptions and estimates are reasonable, there is no guarantee as to its accuracy or completeness. The information in the press release is generally stated by third party sources that it was obtained from reliable sources, but there are no guarantees as to its accuracy or completeness. Although the Company believes the data to be reliable, it has not independently verified any data from third party sources or determined the underlying economic assumptions.

Non-Solicitation

This press release is not intended to be an offer to sell or the solicitation of an order to buy any securities. Nor shall it be sold in any state or jurisdiction where such an offer, solicitation, or sale would be illegal before registration or qualification under the securities laws.

SOURCE Halo Collective Inc.


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