NA Proactive news snapshot: Else Nutrition Holdings, Canada Silver Cobalt Works, Planet 13 Holdings, Braxia Scientific, Fobi AI ...
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Company
CNSX:PLTH
As an innovative, vertically-integrated and established cannabis leader in the Nevada market, Planet 13 Holdings, Inc. is committed to providing an array of international award-winning cannabis products available through its strategically located licensed operations. The company s focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its best-in-class technology, as the vanguard of cannabis. At 112,000 square feet, Planet 13's Las Vegas SuperStore is the biggest cannabis store in the world, attracting 1 million visitors in 2019.
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
In the second quarter to June 30, the company posted revenue of $32.8 million, an increase of 205% on the $10.8 million seen in 2Q, 2020
Co-CEO Larry Scheffler said Chicago has been one of the “main target markets for a Planet 13 SuperStore with its rapidly growing cannabis sales, large population, and attraction as a tourist destination”
During the first month of operations the company's new Orange County store generated around $800,000 in sales, while gross margin for the company during the month was in excess of 50%
The other two store-in-store operations at the cannabis SuperStore in California, which opened on July 1, are Select and STIIIZY
The 55,000 square-foot SuperStore is Planet 13's third retail outlet and marks the company's first foray into California - the most developed US cannabis market
Co-CEO Larry Scheffler said the firm has seen “tremendous success with Select as a brand partner” for it Las Vegas location and “expanding the relationship at P13 OC is clear sign of that strength”
It said Tinley’s beverages offer familiar adult beverage flavours and formats that will "appeal to canna-curious consumers," as well as those who may be averse to smokable formats
Last month's performance represents the third consecutive month of record sales as Las Vegas and the US return to normal
The company said it has reserved “an expansive dedicated space” within its flagship, uber luxury SuperStore dispensary in Las Vegas for a consumption lounge which it will look to get built “as soon as possible”
Archive
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
For the three months ended March 31, the company saw revenue of $23.8 million, up from $16.8 million in the same quarter of 2020
The company’s April sales nearly totaled its sales from the entirety of the second quarter of 2020, which came in at C$10.8 million
Archive
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The cannabis company generated about $543,000 in single-day sales on April 20, with gross margins during the month in excess of 50%
The company is hiring 80 workers for its Las Vegas SuperStore and roughly 250 for its new Orange County location
For the three and 12-month periods ended December 31, revenue was $20.1 million and 70.5 million, representing year-over-year increases of more than 21 and 10%, respectively
The company noted it had its brands in just eight dispensaries at the end of the fourth quarter of 2019
Select's shop-in-shop is a one-of-a-kind experience that will showcase the top cannabis oil brand's entire portfolio of products in Planet 13’s Las Vegas SuperStore
At 112,000 square feet, the Planet 13 Cannabis SuperStore, in Las Vegas is the world’s biggest cannabis store, and the firm is opening its new Orange County Cannabis SuperStore, in California later this year