Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) has announced the receipt of the necessary approvals to operate its 22,000 square-foot (sq ft) Nevada cultivation expansion.
The leading vertically-integrated multi-state cannabis company said the planting of the first harvest from new grow rooms can now proceed ahead of the previously-estimated fourth quarter 2022 timeline.
"We are thrilled to be able to expand our supply of premium quality flower for our popular Medizin, TRENDI, and Leaf & Vine flower lines,” Planet 13 co-CEO Larry Scheffler said in a statement. “The expanded cultivation will also support our TRENDI vape and concentrates and HaHa edibles which are among the top selling brands in their respective categories in Nevada.”
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"I commend the team for their work getting this project done ahead of schedule, enabling us to increase vertical integration, share of shelf at both the SuperStore and in the wholesale market, and ultimately profitability," he added.
Planet 13 has award-winning cultivation, production and dispensary operations in Las Vegas and dispensary operations in Orange County, California. 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.
The company’s mission is to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products.
Contact the author at jon.hopkins@proactiveinvestors.com