Candy Flower Expands Premium Hashish Retail Footprint in Southern California

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Receives Key Approval From Culver Metropolis Following Historic Award in Pasadena

July 30, 2019 06:08 AM Jap Daylight Time

CULVER CITY, Calif.–(BUSINESS WIRE)–Accelerating a speedy ascent to the forefront of the trade, Candy Flower—a cannabis way of life model dedicated to modernizing the cannabis buyer expertise—publicizes that the Metropolis of Culver Metropolis authorized its utility to proceed to Step 1(c) of the Culver Metropolis Enterprise Allow Storefront Retail Utility course of.

Accordingly, topic to ultimate approval, Candy Flower is considered one of solely three candidates authorized to proceed additional to acquire a retail license in Culver Metropolis, from a area of 23 candidates. As well as, Candy Flower has been just lately awarded a retail license within the Metropolis of Pasadena, considered one of solely six retail licenses awarded in Pasadena, from a area of 122 candidates.

With these key approvals and awards in aggressive license markets, Candy Flower considerably expands its marquee presence within the premium Los Angeles cannabis retail market, becoming a member of its places in Los Angeles – on Melrose, in Studio Metropolis, in Westwood, and within the Downtown Los Angeles Arts District – to construct probably the most differentiated, scaled premium retail footprint in Better Los Angeles.

Not solely has Candy Flower achieved a 100% success price for aggressive license awards, successful in all places it has utilized for, it’s the solely California cannabis firm to safe key approvals and license awards in each Culver Metropolis and Pasadena. Each awards and approvals stay topic to location approvals, conditional use permits and ultimate approvals by every metropolis.

“Our choice by each Culver Metropolis and the Metropolis of Pasadena validates our imaginative and prescient, our staff and our execution, and demonstrates our skill to acquire premium licenses in probably the most aggressive of markets and to compete with anybody, together with massive multi-state operators. Our staff of seasoned professionals, from firms resembling Google, Snap, Equinox and Time Warner, is concentrated on constructing the premier Southern California cannabis retail model, with shops in premium places, offering best-in-class service, schooling and expertise to our quickly rising buyer base,” states Tim Dodd, CEO of Candy Flower. “It’s a privilege to be constructing and working a accountable, licensed premium cannabis enterprise within the largest authorized market in the USA. We stay up for working along with Culver Metropolis, the Metropolis of Pasadena, the Metropolis of Los Angeles and neighboring cities to develop our independently owned and responsibly operated cannabis enterprise, and to deepen our engagement with our prospects and the communities we serve.”

As soon as authorized, the Culver Metropolis retail location will come to life on the coronary heart of the town throughout from WeWork, Equinox, and the world-famous Sony Footage lot. The Pasadena and Culver Metropolis markets afford Candy Flower a major strategic presence within the Los Angeles market, conveniently accessible to each Angeleno, complementing Candy Flower’s current premium licensed places to supply a best-in-class retail footprint in Los Angeles. Candy Flower’s geographical presence is bolstered by Westwood (serving West LA, Brentwood, Santa Monica, Pacific Palisades, projected This autumn 2019), Studio Metropolis (Hollywood Hills, Mulholland, San Fernando Valley), Melrose (Beverly Hills, West Hollywood, Hollywood, Mid-Wilshire), and Downtown LA Arts District (DTLA, East LA, and Southland, projected This autumn 2019).

About Candy Flower

Candy Flower is a cannabis way of life retail model dedicated to modernizing the cannabis buyer expertise. The hallmarks of the Candy Flower expertise are unparalleled customer support, the very best high quality, regionally sourced merchandise, and retail environments distinguished by their design and alluring atmosphere. Based in 2018, the corporate is headquartered in Culver Metropolis, California. Candy Flower is dedicated to being an inclusive and various employer and to addressing the wants of the communities it serves.

This information launch comprises “forward-looking info” throughout the which means of relevant securities laws. All statements, apart from statements of historic truth, included herein are ahead wanting info. Typically, forward-looking info could also be recognized by way of forward-looking terminology, or by way of phrases or phrases which state that sure actions, occasions or outcomes might, may, would, or would possibly happen or be achieved. There could be no assurance that such forward-looking info will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such forward-looking info. This forward-looking info displays the present beliefs of Candy Flower and is predicated on info presently obtainable to Candy Flower and on assumptions that Candy Flower believes are affordable. These assumptions embody, however usually are not restricted to, the flexibility of Candy Flower to acquire the licenses and full the buildout transactions described above and the anticipated advantages to Candy Flower of the transactions described above. Ahead-looking info is topic to identified and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, stage of exercise, efficiency or achievements of Candy Flower to be materially completely different from these expressed or implied by such forward-looking info. Such dangers and different elements might embody, however usually are not restricted to: common enterprise, financial, aggressive, political and social uncertainties; common capital market situations and market costs for securities; the failure of Candy Flower to finish the transactions described above; the precise outcomes of future operations; competitors; and adjustments in laws affecting Candy Flower. The forward-looking info contained on this information launch represents the expectations of Candy Flower as of the date of this information launch and, accordingly, is topic to alter after such date. Nevertheless, Candy Flower expressly disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case, besides as expressly required by relevant regulation.

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