Planet 13 Holdings

Leadership and Operations:

• Planet 13 Holdings is led by CEOs Bob Groesbeck and Larry Scheffler, former politicians.
• Groesbeck was the mayor of Henderson from 1993 to 1997, while Scheffler served as a councilman for Henderson.
• The company holds a cultivation license in Nevada with a capacity of 950kg/year.
• Acquired Harvest Health’s medical marijuana subsidiary for $55 million.
• Planet 13 Cannabis Dispensary, the largest globally, is located near the Las Vegas Strip, covering 40,000 sq ft.
• The dispensary serves an average of 3,575 customers daily and operates 24/7.

Financial Performance and Market Presence:

• Planet 13 Holdings’ share price doubled in a year, showing a growth of up to 175%.
• The company has a market capitalization of C$510 million.
• Reported sales of $5.5 million in March 2019, with expected annual sales around $66 million.
• Opened a 40,000 sq ft store in Santa Ana, California, in 2021.
• Welcomed in Santa Ana with $30 million in revenue.

Expansion and Acquisitions:

• Received approvals to expand cultivation in Nevada.
• Completed the acquisition of Next Green Wave for operations in California.
• The company is expanding its presence and operations beyond Nevada, with a focus on California.

Recognition and Industry Position:

• Planet 13 Holdings is recognized by sources like Bloomberg, CNBC, The Verge, Leafly, and MJBizDaily.
• Specializes in medicinal cannabis and is among the top cannabis companies in the U.S.
• Based in Nevada, the company operates cannabis dispensaries that attract recreational drug tourism.

Growth and Development:

• Planet 13 Holdings has shown significant growth in its share price and market capitalization.
• The company’s expansion into California and successful acquisitions demonstrate a commitment to growth and development in the cannabis industry.

Planet 13 Holdings Data Sources