Halo Collective Inc. announced that its first superstore — its Budega Hollywood Dispensary — is expected to open in 2022 and passed its Los Angeles Department of Cannabis Regulation (DCR) inspection. 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.
“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,” CEO and Director Katie Field commented.
Budega Hollywood Inspection Approval
On Thursday, Aug. 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 flagship 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 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 SKUs 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.
Halo is focused on the United States West Coast, where it has vertically integrated operations covering the entire value chain from seed to sale. Halo cultivates, extracts, manufactures and distributes quality cannabis flower, pre-rolls, vape carts, edibles and concentrates. Halo sells these products under a portfolio of brands, including Hush, Winberry Farms, Williams Wonder Farms, its retail brand Budega and license agreements with Papa’s Herb, DNA Genetics and FlowerShop. In addition, Halo has opened two dispensaries in Los Angeles under the Budega brand in North Hollywood and Hollywood, with plans to open one more in Hollywood in the third quarter of 2022.
