Toronto, Canada--Halo Collective Inc. announced in a press release 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.
CEO and Director Katie Field commented in the release, "This is a significant milestone towards our third planned Budega opening in the Los Angeles market. It will be the first superstore format for Budega as well. As we complete the build-out of this flagship location, we plan to simultaneously prepare the groundwork for opening, including hiring, training, and back-end infrastructure. We are extremely pleased with the location and design for our flagship dispensary and look forward to welcoming Hollywood locals and tourists alike."
The flagship Hollywood location is located at Franklin and Argyle, next to the 101 freeway, near the iconic Hollywoodsign, 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 leading, 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.
More details in the original release.