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Planet 13 Announces Q2 2021 Financial Results
  • Q2 2021 Revenue of $32.Eight million, up 205% in contrast to Q2, 2020
  • Q2 2021 Adjusted EBITDA[1] of $7.2 million

All figures are reported in United States {dollars} ($) until in any other case indicated

LAS VEGAS, NV / ACCESSWIRE / August 26, 2021 / Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF) (“Planet 13” or the “Company”), a number one vertically-integrated hashish firm, immediately introduced its monetary outcomes for the three-month and six-month interval ended June 30, 2021. Planet 13’s monetary statements are ready in accordance with International Financial Reporting Standards (“IFRS”).

“Q2 was a strong quarter for Planet 13. With tourism back, the Superstore’s in-store experience is once again proving that it is on the list of must visit destinations for any trip to Vegas,” mentioned Larry Scheffler, Co-CEO of Planet 13.

Every week 1000’s of individuals share their expertise on the retailer with their associates on social media and the compounding influence of that natural advertising is apparent as even after being open for 3 years we’re seeing sturdy development and growing share of the Nevada market each month.

Larry Scheffler, Co-CEO of Planet 13

Along with our dispensary operations, our product manufacturers are persevering with to achieve traction. According to Headset knowledge, HaHa was the quantity two edibles and quantity three beverage model in the state and TRENDI was the quantity three focus and quantity six vape model.

“Along with stellar performance from our Nevada operations, 2021 has been about securing our next growth opportunities,” commented Bob Groesbeck, Co-CEO of Planet 13

I’m proud to say we opened our Orange County location on time and on finances. We are actually targeted on rising client consciousness that can finally drive the gross sales we all know are doable from that location.

Bob Groesbeck, Co-CEO of Planet 13

Subsequent to the quarter, we additionally gained a dispensary license for the Chicago space giving us a transparent path for our subsequent SuperStore. Supported by a strong M&A pipeline and over $130 million in money, Planet 13’s future is shiny.

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