Planet 13 generated $7.6 million in revenue in October at gross margins above 50%
LAS VEGAS, NV / ACCESSWIRE / November 9, 2020 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) (“Planet 13” or the “Company“), a leading vertically-integrated Nevada cannabis company, today announced it generated the Company’s third consecutive month of revenue in excess of $7.5 million. In October, combined revenue from the SuperStore and Nevada wholesale were $7.6 million at gross margins above 50%.
“Planet 13 continues to generate strong revenue with three consecutive months over $7.5 million. The SuperStore, our delivery, and our wholesale are all performing at top levels,” said Bob Groesbeck. “With the strong performance from our current operations, Medizin set to open in the next couple of weeks, continued progress towards opening Santa Ana, and approximately $70 million in cash as of November 9th for expansion in new states Planet 13 has never been in a stronger position.”
For further inquiries, please contact:
LodeRock Advisors Inc., Planet 13 Investor Relations
(416) 519-2156 ext. 2230
Robert Groesbeck or Larry Scheffler
Co-Chief Executive Officers
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About Planet 13
Planet 13 (www.planet13holdings.com) is a vertically integrated cannabis company based in Nevada, with award-winning cultivation, production and dispensary operations in Las Vegas – the entertainment capital of the world. Planet 13’s mission is to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products. Planet 13’s shares trade on the Canadian Stock Exchange (CSE) under the symbol PLTH and OTCQX under the symbol PLNHF.
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