Planet 13 stock

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Announces that Planet 13 has entered into an Option Purchase Agreement that gives Planet 13 the option Planet 13 Holdings, Inc. The firm operates the Planet 13 Superstore, which dispenses the Medizin and Planet 13 product lines. It also provides consultation, education and convenience services, and operates Trece, a Mexican themed restaurant. This browser is no longer supported at MarketWatch. For the best MarketWatch.

Planet 13 stock

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Our mastery of cannabis cultivation is why Planet 13 sets the standard for recreational cannabis. ETF Center.

At Planet 13, we wrote the playbook on running a successful cannabis dispensary in Nevada. Now, we are taking that framework to California, Florida, and the Illinois markets. Not your average cannabis company, Planet 13 is a differentiated retailer unlike any other. Planet 13 is a leader and innovator in the cannabis industry, transforming the way consumers buy and interact with cannabis by pairing amazing quality products with out-of-this-world shopping and entertainment experiences. In , Planet 13 generated positive cashflow amongst a sea of unprofitable cannabis companies. It has a clean balance sheet with no debt, strong growth prospects and a unique strategy. With its most recent dispensary opening near Chicago, Planet 13 is now operating in Illinois, California and Nevada.

Each Unit will consist of one share each, a "Share" of common stock, no par value, of the Company "Common Stock" and one warrant. The Offering is expected to close on or about March 7, , and will be subject to market and other customary closing conditions, including the approval of the Canadian Securities Exchange. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes, which may include, but are not limited to, the acquisition of additional retail cannabis licenses in the state of Nevada , the expansion of its retail presence in Florida and Illinois and other capital improvements. Canaccord Genuity is acting as sole book-running manager of the Offering on behalf of a syndicate of underwriters which includes Beacon Securities Limited. A prospectus supplement, when available, will be filed with the SEC and will be available on the SEC's website at www. Before investing in the Offering, you should read the prospectus supplement and the accompanying prospectus relating to the Offering in their entirety as well as the other documents that Planet 13 has filed with the SEC that are incorporated by reference in the prospectus supplement and the accompanying prospectus. The Units will be offered in Canada pursuant to the Company's existing multijurisdictional disclosure system "MJDS" short form base shelf prospectus dated October 17, that was filed with the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada the "Canadian Regulators". Before investing in the Offering, you should read the MJDS prospectus supplement and the accompanying prospectus relating to the Offering in their entirety as well as the other documents that the Company has filed with the Canadian Regulators that are incorporated by reference in the MJDS prospectus supplement and the accompanying prospectus. This news release shall not constitute an offer to sell or a solicitation of an offer to buy these or any other securities, nor shall there be any sale of these or any other securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Planet 13 stock

Despite these setbacks, the company's management remained optimistic, backed by expansions in Las Vegas and Illinois, and a significant foothold in the Florida market. The report noted Planet 13 Holdings' stock trades at a discount compared to the sector average, offering a unique investment opportunity. The VidaCann acquisition is a pivotal move for Planet 13 Holdings, with the deal expected to close by April 1, This strategic expansion into Florida positions Planet 13 Holdings to capitalize on the state's burgeoning market, especially with the potential legalization of recreational cannabis. The VidaCann franchise, with 26 stores, ranks ninth in Florida's cannabis market but underperforms in sales compared to the state average. This is still below the Florida average, as state-wide revenue per store was higher. VidaCann's sales per store and product volumes are lower than leading competitors, indicating room for growth and improvement in performance. Despite challenging market conditions in Nevada, Planet 13 Holdings is outperforming many competitors, maintaining its market share through innovative additions to its Las Vegas superstore. Moreover, the company is poised for further growth through potential acquisitions and market stabilization. Planet 13 Holdings is also expanding its footprint in Illinois and California, with new stores showing promising early results.

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Create Watchlist …or learn more. Popular Stocks. In , Planet 13 generated positive cashflow amongst a sea of unprofitable cannabis companies. Planet 13 Holdings has ,, shares outstanding. Top Financial Bloggers. Trending Stocks. Since then, No Recent Tickers Visit a quote page and your recently viewed tickers will be displayed here. Crypto Center. Auto Loan Calculator.

Announces that Planet 13 has entered into an Option Purchase Agreement that gives Planet 13 the option Planet 13 Holdings, Inc.

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