Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) announced the fourth location of its planned Florida dispensary network located in the city of Port Orange on the “Fun Coast.”
Port Orange is in the Deltona-Daytona Beach-Ormond Beach metropolitan area, a popular tourist destination with a growing population of over 600,000.
"We are moving along at a steady pace in bringing our vision to fruition in Florida. We are balancing the competing priorities of opening as soon as possible with the need to do it in a cost-effective manner that reduces cash outlay and creates a long-term competitive position," Planet 13 co-CEO Larry Scheffler said in a statement.
"We are eager to start serving the patients of Port Orange and showing why the Planet 13 name and products command such a strong reputation," he added.
The Las Vegas-based vertically integrated cannabis company noted that the location in Port Orange is adjacent to a prominent shopping area and is just 3 miles west of the beach and 8 miles south of the iconic Daytona International Speedway. The Daytona Beach area attracts over 8 million visitors annually.
Planet 13 has award-winning cultivation, production and dispensary operations in Las Vegas and in Orange County, California. The company also holds a medical marijuana treatment center license in Florida and a 49% interest in Planet 13 Illinois.
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