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Planet 13 Holdings 'very pleased' with its 2Q as revenue lifts by 205% year-over-year

Planet 13 Holdings 'very pleased' with its 2Q as revenue lifts by 205% year-over-year

Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) (CSE:PLTH) (OTCQX:PLNHF) Co-CEO Bob Groesbeck tells Proactive the group reported a big increase in revenue and a narrowing loss in its latest quarter as the company's flagship luxury SuperStore dispensary in Las Vegas continues to attract customers.

Groesbeck says the company posted revenue of $32.8 million, an increase of 205% on the $10.8 million seen in 2Q, 2020.

He attributed this to the lifting of coronavirus mandates, opening up the Las Vegas economy in June 2021. He adds while restrictions are back in place in August the group will 'navigate through it.'

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