LAS VEGAS, NV / ACCESSWIRE / May 5, 2020 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX: PLNHF) (“Planet 13” or the “Company”), a leading vertically-integrated Nevada cannabis company, announces record sales in the month of April of $10.7 million, nearly equal to last year’s total Q2 revenue of $10.8 million. The growth in sales was driven by increased tourist activity, strong wholesale results, and continued growth of the Medizin dispensary. The Company set new records for single day sales in April, including on April 20, 2021 (“420”) where the Company generated ~US$543,000 in single-day sales. Gross margins for the month were in excess of 50%.
“While Larry and I have known for a while that the demand for Vegas is strong, we were absolutely blown away by the rebound in tourist activity and Planet 13 sales this month. It’s clear that word of mouth is spreading. Everyday I speak with someone who was told that Planet 13 is a must visit by a friend or has been eager to visit since they saw an Instagram post,” said Bob Groesbeck, Co-CEO of Planet 13. “I can’t wait to show off to our customers and the world both our expansion at the SuperStore and our new Orange County location later this year. The SuperStore is proof you can create a successful retail brand in cannabis and we look forward to extending that brand across the United States.”
For more information on Planet 13, visit the investor website.
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