The company also told the state it plans to lay off all 202 employees at its Niwot headquarters by April 7.
The Denver-based coworking firm and coding school will continue operating under its current name.
The chain has four Colorado locations in local malls.
“The HMK store was a test concept that we launched in 2014. … We decided not to renew our lease,” a Hallmark spokeswoman said.
The company, led by CEO Craig Baute, also is expanding outside Colorado.
Kellen McCarvel, who also used to work at the Niwot-based company, launched Joybees this week.
The company has been operating in Denver since April and in Boulder since October.
Scrapping a planned Denver location was the tip of the iceberg for Lucky’s Market.
Greens Gone Wild recently tried to raise money on Kickstarter, but the company fell short of its goal.
The Boulder-based company announced plans to open in the Lowry neighborhood in 2017.