Planet 13 Announces Q1 2021 Financial Results Q1 2021 Revenue of $23.8 million Planet 13 accounted for 8.6% of all Nevada cannabis dispensary revenue in Q1 Q1 2021 EBITDA of $5.2 million
All figures are reported in United States dollars ($) unless otherwise indicated
LAS VEGAS, NV / ACCESSWIRE / May 27, 2021 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQB:PLNHF) (“Planet 13” or the “Company”), a leading vertically-integrated Nevada cannabis company, today announced its financial results for the three-month period ended March 31, 2021. Planet 13’s financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”).
After a slower January and February, due to COVID-19 related restrictions in place in Nevada, we had an absolutely outstanding March, April, and now May. It is clear that Vegas is back, and with hotels and casinos across the strip reporting being fully booked for the foreseeable future we think it’s just getting started.
Larry Scheffler, Co-CEO of Planet 13
After a year of fighting against the largest possible macro storm, it feels great to have the wind at our backs and to see all the improvements we put in place start to pay off.
“Tourism is back, and the SuperStore is performing well. The Medizin store is proving that our blend of entertainment, customer service, and product selection work in smaller footprint retail stores. Our wholesale is growing at a solid pace. Across our Nevada operations, we are experiencing a successful return to growth,” commented Bob Groesbeck, Co-CEO of Planet 13.
In California, we are on track and on budget for our Orange County SuperStore – P13 OC. We’ve taken everything we’ve learned running the Las Vegas SuperStore and put it into this Store. We