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.
Planet 13 to acquire cannabis license in FL as state gets closer to legalizing recreational use
Quick facts: Planet 13 Holdings Inc
Price: 5.69 CAD
Market Cap: $1.12 billion
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