One stock has really jumped onto the radar over the past two weeks: Planet 13 Holdings Inc (OTCMKTS:PLNHF). One spark that has fanned this flame is the company’s recent announcement of its monthly statistics for the Planet 13 Las Vegas Cannabis Entertainment Complex since opening November 1st, 2018. Quite frankly, the stats have been unambiguously impressive.
“We opened Phase 1 of the 112,000 square foot Planet 13 Cannabis Entertainment Complex, a 16,200 square foot dispensary, on November 1st, 2018 and I am very pleased to announce that in March we had 1,987 paying customers per day at an average ticket of $89.17,” said Larry Scheffler, co-CEO of Planet 13. “Monthly revenue in March was over $5 million based on only 15% of the total square footage we have on-site, adjacent to the Las Vegas Strip. To our knowledge, these results are better than what we have seen from any dispensary in the U.S. Customers have shown a desire to engage in an ultra-premium cannabis experience and with an unparalleled, diverse range of high-quality products, and unique entertainment value, the SuperStore is the only property that meets this customer need. In March, almost 100,000 people entered our dispensary, and other companies are starting to realize the value of our shelves, we are in negotiations with multiple companies to sell premium shelf space and advertising. The Phase II expansion, which includes a coffee shop, pizzeria bistro, an event space, and a consumer-facing production facility is all about building on the success of the SuperStore. Each piece of Phase II is carefully designed to drive additional traffic and cement the SuperStore as a must-visit destination when in Las Vegas.”
Planet 13 Holdings Inc (OTCMKTS:PLNHF) promulgates itself as a cannabis company that cultivates, produces, and distributes medical and recreational cannabis in Nevada, the United