Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF)., a leading vertically integrated multi-state cannabis company, announced the start of expansion for its Nevada cultivation facility adding 22,000 square feet of cultivation space to fuel in-house product growth.
The Las Vegas, Nevada-based company grows its own cannabis and makes its own products for the wholesale, medical and retail markets. It sells its popular brands — Medizin, TRENDI, HaHa, DREAMLAND and Leaf & Vine.
“We’ve seen incredible consumer support for our brands like TRENDI and HaHa which have risen to among the top selling brands in their respective categories in Nevada," Planet 13 co-CEO Larry Scheffler in a statement.
READ: Planet 13 posts strong Q4 revenue growth
"The only thing that has limited Medizin, our popular premium flower brand, from joining them at the top of the leaderboard has been supply constraints. Our lack of supply has historically led to us selling out every harvest, leaving our customers wanting more. The expansion of our Nevada cultivation facility will allow us to better satisfy customer demand for our premium flower and continue to grow our in-house brands share of sales."
Planet 13 has award-winning cultivation, production and dispensary operations in Las Vegas and dispensary operations in Orange County, California. At 112,000 square feet, the company’s uber luxury flagship Planet 13 Cannabis SuperStore Entertainment Complex is the biggest cannabis store in the world, located steps from the famous Las Vegas Strip.
It also holds a medical marijuana treatment center license in Florida and a 49% interest in Planet 13 Illinois which won a lottery for a Social-Equity Justice Involved dispensing license in the Chicago-region of Illinois.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive