Anaconda fails to install applications and activate environment

Install on an M2 Mac only provided a few applications. For instance, no Spyder or other IDEs.

Navigator creates a TOKEN folder (in angle brackets) for some reason and when I create an environment, it says it can’t find a folder named TOKEN. It won’t let me add a new environment - option is grayed out.

Other Anaconda installations I have on different Mac put environments in a env folder inside the Anaconda folder.