Legal Weed In Florida? Why Planet 13 Is Doubling Down On A $225M Bet Before 2026
Portfolio Pulse from Nicolás Jose Rodriguez
Planet 13 Holdings is expanding in Florida following its acquisition of VidaCann, anticipating potential recreational cannabis legalization by 2026. The company plans to open more stores and improve operational metrics, aiming for significant revenue growth.
August 20, 2024 | 1:10 pm
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Planet 13 Holdings is expanding its presence in Florida with the acquisition of VidaCann, aiming to capitalize on potential recreational cannabis legalization by 2026. The company plans to open more stores and improve sales metrics, with projections of significant revenue growth.
The acquisition of VidaCann positions Planet 13 for growth in Florida, especially with the potential legalization of recreational cannabis. The company's plans to open more stores and improve sales metrics suggest a positive outlook. The projected revenue growth and potential increase in share price further support a positive short-term impact.
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