Exclusive Interview with Planet 13 Co-CEOs Robert Groesbeck and Larry Scheffler
Planet 13 (CSE: PLTH) (OTCQX: PLNHF) is about more than just Las Vegas. When the company’s team spoke with New Cannabis Ventures this spring, they were building a superstore in California. Now, the Orange County location is open and the company has plans to enter the Florida and Illinois markets. Co-CEOs Robert Groesbeck and Larry Scheffler told New Cannabis Ventures about Planet 13’s expansion in Nevada, plans for new markets and the company’s funding position. The audio of the entire conversation is available at the end of this written summary.
The Growing Team
The executive level of the Planet 13 team is made up of about eight people, and that team has remained fairly consistent. But, the overall team is growing, and the company is promoting talent from within. For example, Lowell Brown was recently promoted from GM of the company’s Las Vegas facility to Director of Retail. The company has nearly 800 employees, and it will continue to bring on new talent as it grows.
Planet 13 in Nevada
Planet 13 accounts for approximately 11.1 percent of sales in Nevada, according to Groesbeck. While the COVID-19 pandemic is ongoing and visitor capacity is not yet at full capacity, the company has had a couple of record months. In July, 100,000 people came through the Las Vegas location’s front door. In August, that number increased to 126,000, according to Scheffler. While COVID remains a concern, Planet 13 be prepared to pivot to handle any restrictions or changes.
Planet 13 Has Experienced Growth in Las Vegas Despite the Pandemic.
The company is expanding in Nevada, increasing its number of cash registers from 43 to 85