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Saturday, December 3, 2022

Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF) Soars on Superstore Opening

Planet 13 Holdings Inc (OTCMKTS: PLNHF) is making an explosive move up after the grand opening of its Planet 13 Superstore, the worlds largest cannabis dispensary located a few steps away from the heart of the famed Las Vegas Strip.

Planet 13 operates in the booming cannabis space; according to data published by Forbes, citing Brightfield Group, the global cannabis market is estimated to cross the USD 30 Billion mark by 2021. The CBD space also continues to grow, research has cited tremendous growth including Hemp Business Journal, an industry market research publication which projects that the CBD market will reach $2.1 billion by 2020.

Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF) is a vertically integrated cannabis company based in Nevada, with award-winning cultivation, production and dispensary operations in Las Vegas – the entertainment capital of the world. Planet 13’s mission is to build a recognizable global brand known for world class dispensary operations, and a creator of innovative cannabis products. Planet 13 co CEO Bob Groesbeck recently did an AMA on reddit during which he stated “the Q3 earnings will be released “Early November”

Last week Planet 13 celebrated the grand opening of its Planet 13 Superstore. As the world’s largest cannabis dispensary, the Planet 13 Superstore offers a unique and awe-inspiring experience for visitors from around the globe. The Superstore is located at 2548 W. Desert Inn Rd., only a few steps away from the heart of the famed Las Vegas Strip. Planet 13 recently received final site approval from both the State of Nevada and Clark County to open the Planet 13 Superstore.

Phase 1 of the new entertainment complex features 40,000 square feet of multi-faceted entertainment space featuring interactive attractions and 16,500 square feet of cannabis retail space with 42 registers to serve the 2,000 customers that are forecasted to visit the Superstore on a daily basis. The forecast is based on a store with a comparable location. In phases 2 and 3, Planet 13 expects to add other unique attractions.

As guests approach the complex they are greeted by 13, 15-foot-tall LED lotus flowers on the roof of the building. Made of acrylic leaves and metal stems, the lotus flowers can be controlled by visitors, making them an interactive piece of art. The control panels sit near the sophisticated outdoor water feature that uses vibrant LED lights with fog to create a glowing effect which can be seen from the 65,000 hotel rooms that look directly onto the Superstore location. Customers can explore these features before heading into the lobby, which is home to the interactive, sensory-activated LED flooring. The attractions continue once guests move inside the main portion of the complex where they’ll view a recurring, glowing aerial orb show high above the dispensary floor. Additionally, visitors get to leave their mark on the interactive art wall, allowing them to create unique writings and drawings. Finally, the 3D Projection Visual Experience mesmerizes guests by projecting 3D visuals onto the ceiling.

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Planet 13 Holdings also has a joint medical and recreational dispensary with Medizin, located at 4850 W. Sunset Rd. #125, Las Vegas, NV. The dispensary has consistently been among the top-rated dispensaries in Las Vegas. The Company recently reported record revenues of $4.4 million for Q2 2018. Planet 13’s highly rated dispensary generated a monthly compound growth rate of 7.8% through July 31, 2018, and revenue of $8 million in the first six months of 2018.

On September 28 Planet 13 announced their loan of US$1.26 million to Fargo District Holdings, LLC has been repaid in its entirety as of September 28th, 2018. The Loan was advanced to Fargo against the real estate facilities (the “Real Estate Facilities”) at 4280 Wagon Trail Drive, Las Vegas, Nevada 89108. The Real Estate Facilities have been sold and the Company’s lease has been transferred to the new owner.

On November 1 Planet 13 celebrated the grand opening of its Planet 13 Superstore. As the world’s largest cannabis dispensary, the Planet 13 Superstore offers a unique and awe-inspiring experience for visitors from around the globe. The Superstore is located at 2548 W. Desert Inn Rd., only a few steps away from the heart of the famed Las Vegas Strip. Planet 13 recently received final site approval from both the State of Nevada and Clark County to open the Planet 13 Superstore.

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Currently trading at a $128 million market valuation Planet 13 Holdings is an exciting cannabis Company the operates a medical and recreational dispensary in Las Vegas which has brought $8 million in revenues for the first six months of 2018. Planet 13 Holdings just had its grand opening of its Planet 13 Superstore, the worlds largest cannabis dispensary located a few steps away from the heart of the famed Las Vegas Strip. We will be updating on Planet 13 when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Planet 13.

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Disclosure: we hold no position in Planet 13 either long or short and we have not been compensated for this article

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