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Sweet Flower Expands Premium Cannabis Retail Footprint in Southern California

Receives Key Approval From Culver City Following Historic Award in Pasadena

CULVER CITY, Calif.–(BUSINESS WIRE)–Accelerating a rapid ascent to the forefront of the industry, Sweet Flower—a cannabis lifestyle brand committed to modernizing the cannabis customer experience—announces that the City of Culver City approved its application to proceed to Step 1(c) of the Culver City Business Permit Storefront Retail Application process.

Accordingly, subject to final approval, Sweet Flower is one of only three applicants approved to proceed further to obtain a retail license in Culver City, from a field of 23 applicants. In addition, Sweet Flower has been recently awarded a retail license in the City of Pasadena, one of only six retail licenses awarded in Pasadena, from a field of 122 applicants.

With these key approvals and awards in competitive license markets, Sweet Flower significantly expands its marquee presence in the premium Los Angeles cannabis retail market, joining its locations in Los Angeles – on Melrose, in Studio City, in Westwood, and in the Downtown Los Angeles Arts District – to build the most differentiated, scaled premium retail footprint in Greater Los Angeles.

Not only has Sweet Flower achieved a 100% success rate for competitive license awards, winning in all locations it has applied for, it is the only California cannabis company to secure key approvals and license awards in both Culver City and Pasadena. Both awards and approvals remain subject to location approvals, conditional use permits and final approvals by each city.

“Our selection by both Culver City and the City of Pasadena validates our vision, our team and our execution, and demonstrates our ability to obtain premium licenses in the most competitive of markets and to compete with anyone, including large multi-state operators. Our team of seasoned professionals, from companies such as Google, Snap, Equinox and Time Warner, is focused on building the premier Southern California cannabis retail brand, with stores in premium locations, providing best-in-class service, education and experience to our rapidly growing customer base,” states Tim Dodd, CEO of Sweet Flower. “It’s a privilege to be building and operating a responsible, licensed premium cannabis business in the largest legal market in the United States. We look forward to working together with Culver City, the City of Pasadena, the City of Los Angeles and neighboring cities to expand our independently owned and responsibly operated cannabis business, and to deepen our engagement with our customers and the communities we serve.”

Once approved, the Culver City retail location will come to life at the heart of the city across from WeWork, Equinox, and the world-famous Sony Pictures lot. The Pasadena and Culver City markets afford Sweet Flower a significant strategic presence in the Los Angeles market, conveniently accessible to every Angeleno, complementing Sweet Flower’s existing premium licensed locations to provide a best-in-class retail footprint in Los Angeles. Sweet Flower’s geographical presence is bolstered by Westwood (serving West LA, Brentwood, Santa Monica, Pacific Palisades, projected Q4 2019), Studio City (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 Q4 2019).

About Sweet Flower

Sweet Flower is a cannabis lifestyle retail brand committed to modernizing the cannabis customer experience. The hallmarks of the Sweet Flower experience are unparalleled customer service, the highest quality, locally sourced products, and retail environments distinguished by their design and inviting ambience. Founded in 2018, the company is headquartered in Culver City, California. Sweet Flower is committed to being an inclusive and diverse employer and to addressing the needs of the communities it serves.

This news release contains “forward-looking information” within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects the current beliefs of Sweet Flower and is based on information currently available to Sweet Flower and on assumptions that Sweet Flower believes are reasonable. These assumptions include, but are not limited to, the ability of Sweet Flower to obtain the licenses and complete the buildout transactions described above and the anticipated benefits to Sweet Flower of the transactions described above. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sweet Flower to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; the failure of Sweet Flower to complete the transactions described above; the actual results of future operations; competition; and changes in legislation affecting Sweet Flower. The forward-looking information contained in this news release represents the expectations of Sweet Flower as of the date of this news release and, accordingly, is subject to change after such date. However, Sweet Flower expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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