Cannabis Powerhouse Planet 13 Boosts Nevada Presence With $6.9M Dispensary Acquisition & New Growth Strategy
Portfolio Pulse from Jelena Martinovic
Planet 13 Holdings Inc. is expanding its presence in Nevada by acquiring a Las Vegas-based cannabis dispensary for $6.9 million. This acquisition is part of their strategy to increase scale and profitability in Nevada. The deal includes a medical and recreational license and is expected to close after regulatory approvals. Planet 13 is also expanding in Florida, with plans to open more stores by 2024.
September 12, 2024 | 2:24 pm
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Planet 13 Holdings is acquiring a Las Vegas dispensary for $6.9M, enhancing its scale and profitability in Nevada. The acquisition includes a medical and recreational license, and is expected to close after regulatory approvals.
The acquisition of a Las Vegas dispensary is a strategic move to increase Planet 13's scale and profitability in Nevada, a key market for the company. The deal includes valuable licenses and is expected to close after regulatory approvals, which could positively impact the stock price.
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