iStock.com/LARISA SHPINEVA Planet 13 Holdings Inc: The Walmart for Cannabis Lovers
Planet 13 Holdings Inc (OTCMKTS:PLNHF, CNSX:PLTH) is, if financial numbers are important to you, a must-see “attraction” in Las Vegas. Planet 13 operates the largest cannabis dispensary in America and it’s located just off the Las Vegas Strip.
The company’s Cannabis Entertainment Complex is currently 16,200 square feet in size and will, once Phase II is completed later this year, be an eye-watering 112,000 square feet—larger than the average Walmart Inc (NYSE:WMT).
The company welcomes roughly 2,000 paying customers per day. In April, the average customer spent $90.00. With only 35% of the total square footage in operation, it’s easy to see how lucrative Planet 13’s Cannabis Entertainment Complex will be when the Phase II expansion opens in the third quarter.
Not just a one-hit wonder, Planet 13 is exploring several other ways to generate revenue, through expansion into other geographic regions as well as distribution. After all, its goal is to operate ultra-high-end dispensaries in tier-one markets across the country.
For cannabis brands facing restrictive advertising rules, Planet 13 is the place for exposure. It’s also an excellent cannabis stock to check out for investors tired of reading about the same four marijuana companies.
Planet 13 Holdings Inc Overview
Planet 13 is a vertically integrated Nevada cannabis company that operates its flagship store, the Cannabis Entertainment Complex, in Las Vegas. It’s a bit misleading to say it’s the biggest cannabis dispensary in the United States; it’s the largest on earth. And would you expect anything else from Las Vegas?
On November 1, Planet 13 opened Phase I of its 112,000-square-foot facility, a 16,200-square-foot dispensary. This is where customers can find dozens of varieties of cannabis, cannabis extracts, and infused products (gummies, chocolates, beverages, etc.). (Source: “About,”