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CSE:PLTHOTCQX:PLNHF
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Planet 13 to acquire cannabis license in FL as state gets closer to legalizing recreational use

Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) Co-CEO Larry Scheffler tells Proactive the group has entered into a definitive purchase agreement to acquire a cannabis license in Florida.

Scheffler says the group believes the state is becoming closer to legalizing recreational use of cannabis, and now is the 'time to jump in.' Its newly acquired subsidiary, which will be renamed Planet 13 Florida Inc., will purchase the license for $55 million in cash, to operate as a Medical Marijuana Treatment Center.

Quick facts: Planet 13 Holdings Inc

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CSE:PLTH

Price: 5.69 CAD

Market Cap: $1.12 billion

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Planet 13 Holdings 'very pleased' with its 2Q as revenue lifts by 205%...

Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) (CSE:PLTH) (OTCQX:PLNHF) Co-CEO Bob Groesbeck tells Proactive the group reported a big increase in revenue and a narrowing loss in its latest quarter as the company's flagship luxury SuperStore dispensary in Las Vegas continues to attract...

3 weeks ago

2 min read