- it has entered into a definitive agreement to acquire a company with controlling interest in a North Hollywood cannabis dispensary applicant.
- Per the agreement, Halo Labs will pay for the acquisition through the issuance of 42.88 million shares valued around $3.2 million, for a 66 2/3% interest in a planned NOHO flagship dispensary.
- The dispensary should cover approximately 4,000 square feet, have an onsight parking area, and it will be located at the northwest corner of Lankershim Blvd.
- Furthermore, the dispensary is said to carry the potential to create a delivery service for North Hollywood, Studio City, Eastern San Fernando Valley, and Hollywood Burbank.
Read full article: benzinga.com