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Cannabis Powerhouse Planet 13 Boosts Nevada Presence With $6.9M Dispensary Acquisition & New Growth Strategy
Thursday, September 12, 2024 - 10:24am | 589The vertically-integrated multi-state cannabis company Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) announced on Thursday that it's acquiring a Las Vegas-based cannabis dispensary. What Happened: The company's wholly-owned subsidiary MM Development Company, Inc. has entered into an asset...
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Florida's Marijuana Market Could Drive 139% Revenue Spike For Planet 13, Fourfold Market Cap Growth
Wednesday, May 22, 2024 - 9:00am | 794Planet 13 Holdings (OTC: PLNH) has completed its acquisition of VidaCann, reporting $12.5 million in sales for the first quarter of 2024, a 56% increase compared to the previous period. Pablo Zuanic of Zuanic & Associates notes, "We continue to be blown away by the performance of the...
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Las Vegas Cannabis Powerhouse Planet 13 To Close $49M Florida Expansion Deal After Achieving Another Milestone
Tuesday, May 7, 2024 - 10:24am | 477Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) closed its previously announced sale of Planet 13 Florida, Inc. on Monday following the previously announced approval from the Florida Office of Medical Marijuana Use in April. What Happened The Las Vegas-based vertically-integrated multi-state...
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Cannabis Company Planet 13 Endures Setbacks: Embezzlement Claims Precede Discounted Valuation
Monday, March 18, 2024 - 10:10pm | 927Planet 13 Holdings (OTC: PLNH), a multi-state cannabis operator, has lagged 55% behind its peers this quarter, affected by a poorly timed equity offering and alleged embezzlement issues, according to senior analyst Pablo Zuanic. Despite these challenges, its stock trades at a 35% discount, with a...
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Las Vegas Cannabis Powerhouse Planet 13's $11.3M Infusion To Fuel Florida Expansion And More
Tuesday, March 5, 2024 - 2:54pm | 715Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) announced on Tuesday the pricing of its underwritten public offering of 18.75 million units at $0.60 per unit for total gross proceeds of roughly $11.3 million. The Details Each unit will consist of one share of the company's common stock and one...
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Weed Galaxy Watch: Analysis Of Planet 13's Stock Potential, Vision Amid $22M Cash Adjustment
Friday, February 2, 2024 - 2:43pm | 951A $22 million cash adjustment and a delayed Florida VidaCann deal for Planet 13 Holdings Inc. (OTC: PLNH) are key points in Pablo Zuanic's latest report from Zuanic & Associates. Despite these setbacks, the company's management remained optimistic, backed by expansions in Las Vegas...
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Las Vegas-Based Planet 13 Expands Retail Portfolio Into Illinois With Waukegan Dispensary
Friday, December 8, 2023 - 4:11pm | 537Las Vegas-based Planet 13 Holdings Inc. (OTC: PLNHF) recently inaugurated a new cannabis shop in Waukegan, Illinois, marking a strategic expansion in its retail portfolio. The 4,000 sq. ft. Waukegan location is intentionally designed to offer an immersive and experiential approach to cannabis...
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Gov. Rescheduling Suggestion Lights Up Florida's Cannabis Consolidation: Planet 13 & VidaCann In Spotlight
Monday, September 18, 2023 - 12:01pm | 817Planet 13 Holdings Inc. (OTC: PLNHF) (OTC: PLTH) is aiming to acquire VidaCann, which operates 26 dispensaries and holds the ninth-largest retail network in Florida. While recreational legalization is the anticipated catalyst for further market growth, Florida's medical marijuana market is...
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Trulieve Faces Serious Competition As Planet 13 Enters Florida Market Via $48M Deal
Monday, August 28, 2023 - 2:10pm | 595Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) announced on Monday that it has entered into a membership interest purchase agreement to acquire all of the ownership interests of VidaCann, LLC. Why It Matters: Hint...Florida "Acquiring VidaCann would significantly accelerate our time...
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Cresco Labs Terminates Proposed VidaCann Acquisition, Enters Sale-Leaseback Agreement With IIPR
Tuesday, November 26, 2019 - 2:04pm | 356The vertically integrated cannabis company Cresco Labs (CSE: CL) (OTC: CRLBF) reported Tuesday that it has entered a binding agreement for the sale-and-leaseback of two properties for total non-dilutive funding of around $38 million. One property, Yellow Springs, is located in Ohio, and the other...
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Scoop: Cannabis MSO Tikun Olam Inks Partnership With Florida-Based VidaCann
Monday, April 22, 2019 - 2:30pm | 411Cannabis multi-state operator Tikun Olam has inked an exclusive state partnership with Florida cannabis provider VidaCann, Benzinga has learned. Why It Matters VidaCann is one of 14 state-licensed medical cannabis providers in Florida. The partnership allows Tikun Olam to penetrate the Florida...
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Cresco Labs Plans To Enter Florida Market With $120M VidaCann Acquisition
Monday, March 18, 2019 - 11:26am | 471Cresco Labs Inc. (OTCQX: CRLBF) announced its plans to enter the Florida market by signing a letter agreement to acquire the ownership interest or assets of VidaCann Ltd for about $120 million in cash and stock. Why It Matters The acquisition of VidaCann gives Cresco Labs, one of the largest...