Latest news with #Planet13
Yahoo
4 days ago
- Business
- Yahoo
Planet 13 Announces Results of Annual General Meeting
LAS VEGAS, June 11, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) ('Planet 13' or the 'Company'), a leading vertically-integrated multi-state cannabis company, today announced the following results for each item of business considered at Planet 13's Annual General Meeting of Stockholders held on Tuesday, June 10, 2025. Election of Directors The following table sets out the percentage of shares voted in respect of the election of directors: Nominee % For % Withheld Robert Groesbeck 73.4% 26.6% Larry Scheffler 93.7% 6.3% Adrienne O'Neal 94.1% 5.9% Kevin Martin 89.7% 10.3% David Loop 95.7% 4.3% Amendment to Planet 13 Holdings Inc.'s 2023 Equity Incentive Plan. The following table sets out the percentage of shares of common stock voted in respect to the approval of the amendment to Planet 13 Holdings Inc.'s 2023 Equity Incentive Plan to increase the number of shares of common stock authorized for issuance thereunder from 22,000,000 to 32,000,000: For Against Abstain 81.5% 18.3% 0.2% Re-Appointment and Remuneration of Auditors The following table sets out the percentage of shares of common stock voted in respect to the ratification of the appointment of Davidson & Company LLP as the independent registered public accounting firm of the Company for the ensuing year or until their successors are appointed: For Against Abstain 91.9% 7.9% 0.2% About Planet 13 Planet 13 ( is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint with the recent debut of its first consumption lounge in Las Vegas, DAZED!, the opening of its first Illinois dispensary in Waukegan, bringing cannabis experiences to the Chicago metro area. Planet 13 operates dispensaries across Florida, a key market in its expansive footprint. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH. To learn more, visit For Further Inquiries, Please Contact: LodeRock Advisors Inc., Planet 13 Investor Robert Groesbeck or Larry SchefflerCo-Chief Executive Officersir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Planet 13 Announces Chief Financial Officer Resignation;
Steve McLean Named Interim Chief Financial Officer LAS VEGAS, May 20, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) ('Planet 13' or the 'Company'), a leading vertically-integrated multi-state cannabis company, today announced that Dennis Logan, the Chief Financial Officer of the Company, submitted his resignation effective May 31, 2025. Mr. Logan will be leaving the Company to pursue other opportunities. Mr. Logan has served as the Chief Financial Officer of the Company since 2018 and is committed to an orderly transition of his duties. Effective upon Mr. Logan's departure, the Company has appointed Steve McLean, the Company's Vice President of Finance to serve as its Interim Chief Financial Officer. 'We would like to thank Dennis for his contributions to the Company. He has been a key contributor to Planet 13 since we went public. We wish him the best in his future endeavors,' said Robert Groesbeck, Co-Chief Executive Officer of the Company. Mr. McLean joined the Company in 2019 and has since overseen the Company's finance and accounting operations. He is a Certified Management Accountant and holds a Master's degree with a specialization in taxation from the State University of New York at Albany. About Planet 13 Planet 13 ( is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint with the recent debut of its first consumption lounge in Las Vegas, DAZED!, the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH. To learn more, visit Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such as 'plans', 'expects', 'proposed', 'may', 'could', 'would', 'intends', 'anticipates', or 'believes', or variations of such words and phrases. In this news release, forward-looking statements relate to our strategic goals or future performance. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others: final regulatory and other approvals or consents needed to operate our business; fluctuations in general macroeconomic conditions; inflationary pressures; fluctuations in securities markets; expectations regarding the size of the cannabis market in the states in which we currently operate in or contemplate future operations and changing consumer habits in such states; the ability of the Company to successfully achieve its business objectives; plans for expansion; political and social uncertainties including international conflict; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on cultivation, production, distribution and sale of cannabis and cannabis related products in the states in which we currently operate in or contemplate future operations; employee relations and other risks and uncertainties discussed under the heading 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission at and on the Company's issuer profile on SEDAR+ at and in the Company's periodic reports subsequently filed with the U.S. Securities and Exchange Commission and on SEDAR+. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. For Further Inquiries, Please Contact: LodeRock Advisors Inc., Planet 13 Investor Robert Groesbeck or Larry SchefflerCo-Chief Executive Officersir@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Planet 13 Announces Q1 2025 Financial Results
Q1 2025 Revenue of $28.0 million Q1 2025 Net loss of $2.0 million Q1 2025 Adjusted EBITDA loss of $2.5 million All figures are reported in United States dollars ($) unless otherwise indicated LAS VEGAS, May 14, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) ('Planet 13' or the 'Company'), a leading vertically-integrated multi-state cannabis company, today announced its financial results for the three-month period ended March 31, 2025. Planet 13's financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles ('GAAP'). 'This was a challenging quarter, marked by persistent pricing pressure and softness in tourism and consumer spending. Despite the headwinds, our differentiated brands and focus on entertainment continue to drive relative outperformance, reinforcing the strength and resilience of our portfolio,' said Larry Scheffler, co-CEO of Planet 13. 'We are moving with urgency to align our cost base to the realities of today's market. These actions are focused on sharpening our operational efficiency, enhancing profitability, and prioritizing investments in our most strategic and high-performing assets. By concentrating on what we do best, we're positioning the company for stronger, more sustainable growth,' said Bob Groesbeck, co-CEO of Planet 13. Financial Highlights – Q1 – 2025 Operating Results All comparisons below are to the quarter ended March 31, 2024, unless otherwise noted Revenue was $28.0 million as compared to $22.9 million, an increase of 22.5%. The increase in sales was driven by the addition of Florida. Gross profit was $12.0 million or 42.8% as compared to $10.5 million or 45.8%. The lower gross margin was driven by industry wide pricing pressure. Total expenses were $18.6 million as compared to $14.1 million, a increase of 31.6%. Higher total expenses were driven by the addition of Florida operations. Net loss of $2.0 million as compared to a net loss of $5.9 million. Adjusted EBITDA loss of $2.5 million as compared to Adjusted EBITDA loss of $0.0 million. Adjusted EBITDA loss was driven by lower operating leverage. Balance Sheet All comparisons below are to December 31, 2024, unless otherwise noted Cash of $15.6 million as compared to $23.4 million Total assets of $203.8 million as compared to $206.7 million Total liabilities of $93.1 million as compared to $94.0 million Q1 Highlights and Recent Developments For a more comprehensive overview of these highlights and recent developments, please refer to Planet 13's press releases. On March 3, 2025, Planet 13 announced a significant recovery of funds related to El Capitan. On March 27, 2025, Planet 13 announced the opening of its Port Richey dispensary in Tampa Bay region. On April 2, 2025, Planet 13 announced the opening of a new dispensary in Orange Park, Florida. On April 30, 2025, Planet 13 announced the opening of a new dispensary in Edgewater, Florida, just south of Daytona Beach. Results of Operations (Summary) The following tables set forth consolidated statements of financial information for the three-month periods ending March 31, 2025, and March 31, 2024. Financial Highlights Results of Operations (Figures in millions For the Three Months Ended and % change based March 31, March 31, on these figures) 2025 2024 change Total Revenue $ 28.0 $ 22.9 22.5 % Gross Profit $ 12.0 $ 10.5 14.5 % Gross Profit % 42.8 % 45.8 % -6.5 % Operating Expenses $ 16.8 $ 12.0 40.2 % Operating Expenses % 60.0 % 52.4 % 14.4 % Net Loss Before Provision for Income Taxes $ (1.8 ) $ (3.5 ) -48.6 % Net Loss $ (2.0 ) $ (5.9 ) -65.1 % Adjusted EBITDA $ (2.5 ) $ (0.0 ) 6180.9 % Adjusted EBITDA Margin % -9.0 % -0.2 % The Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, is available on the SEC's website at or at The Company's Management Discussion and Analysis for the period and the accompanying financial statements and notes are available under the Company's profile on SEDAR+ at and on its website at This news release is not in any way a substitute for reading those financial statements, including the notes to the financial statements. Conference Call Planet 13 will host a conference call on May 14, 2025 at 5:00 p.m. ET to discuss its first quarter financial results and provide investors with key business highlights, strategy, and outlook. The call will be chaired by Robert Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Dennis Logan, CFO. CONFERENCE CALL DETAILS Date: May 14, 2025 | Time: 5:00 p.m. EST Call registration link: Non-GAAP Financial Measures There are financial measures included in this press release that are not in accordance with GAAP and therefore may not be comparable to similarly titled measures and metrics presented by other publicly traded companies. These non-GAAP financial measures should be considered as supplemental to, and not a substitute for, our reported financial results prepared in accordance with GAAP. The Company includes EBITDA and Adjusted EBITDA because it believes certain investors use these measures and metrics as a means of assessing financial performance. EBITDA is calculated as net income (loss) before interest, taxes, depreciation and amortization and Adjusted EBITDA is calculated as EBITDA before share-based compensation, the change in fair value of warrants and one-time non-recurring expenses. The following table presents a reconciliation of net income (loss) to Adjusted EBITDA for each of the periods presented: Reconciliation of Non-GAAP Adjusted EBITDA (Figures in millions For the Three Months Ended and % change based March 31, March 31, on these figures) 2025 2024 change Net Income (Loss) $ (2.0 ) $ (5.9 ) -65.1 % Add impact of: Interest (income)/expense, net $ 0.2 $ (0.0 ) -818.2 % Provision for income taxes $ 0.2 $ 2.3 -90.0 % Depreciation and amortization $ 1.8 $ 2.1 -14.9 % Depreciation included in cost of goods sold $ 1.3 $ 1.0 38.7 % EBITDA $ 1.4 $ (0.5 ) -369.2 % Share-based compensation and related premiums $ 0.1 $ 0.1 -42.2 % Gain on recovery of property in settlement $ (4.6 ) $ - 0.0 % Professional fees expensed related to M&A activities $ 0.2 $ 0.0 322.0 % Expenses related to El Capitan Matter $ 0.3 $ 0.3 -2.4 % Adjusted EBITDA $ (2.5 ) $ (0.0 ) 6180.9 % For more information on Planet 13, visit the investor website ( About Planet 13 Planet 13 ( is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint with the recent debut of its first consumption lounge in Las Vegas, DAZED!, the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH. To learn more, visit and follow Planet 13 on Instagram @ news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such as 'plans', 'expects', 'proposed', 'may', 'could', 'would', 'intends', 'anticipates', or 'believes', or variations of such words and phrases. In this news release, forward-looking statements relate to our strategic goals or future performance. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others: final regulatory and other approvals or consents needed to operate our business; fluctuations in general macroeconomic conditions; inflationary pressures; fluctuations in securities markets; expectations regarding the size of the cannabis market in the states in which we currently operate in or contemplate future operations and changing consumer habits in such states; the ability of the Company to successfully achieve its business objectives; plans for expansion; political and social uncertainties including international conflict; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on cultivation, production, distribution and sale of cannabis and cannabis related products in the states in which we currently operate in or contemplate future operations; employee relations and other risks and uncertainties discussed under the heading 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission at and on the Company's issuer profile on SEDAR+ at and in the Company's periodic reports subsequently filed with the U.S. Securities and Exchange Commission and on SEDAR+. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. For further inquiries, please contact: LodeRock Advisors Inc., Planet 13 Investor Robert Groesbeck or Larry SchefflerCo-Chief Executive Officersir@ PLANET 13 HOLDINGS Condensed Consolidated Balance Sheets(Unaudited, In United States Dollars) March 31, December 31, 2025 2024 ASSETS Current Assets: Cash $ 15,556,553 $ 23,384,493 Restricted Cash 2,050,584 2,050,584 Accounts Receivable 1,634,120 1,473,156 Inventory 24,199,619 22,821,994 Assets held for sale 4,570,227 - Prepaid Expenses and Other Current Assets 3,714,748 4,568,816 Total Current Assets 51,725,851 54,299,043 Property, Plant and Equipment 63,223,161 63,511,423 Intangible Assets and Goodwill 48,763,931 48,763,931 Right of Use Assets - Operating 37,720,488 38,229,399 Long-term Deposits and Other Assets 1,068,477 1,033,758 Deferred Tax Asset 1,283,906 896,525 TOTAL ASSETS $ 203,785,814 $ 206,734,079 LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES Current: Accounts Payable $ 5,940,241 $ 7,421,921 Accrued Expenses 7,372,088 7,285,415 Income Taxes Payable 1,211,082 139,480 Notes Payable - Current Portion 8,847,542 8,681,684 Operating Lease Liabilities 1,897,526 1,818,588 Total Current Liabilities 25,268,479 25,347,088 Long-Term Liabilities: Operating Lease Liabilities 46,006,886 46,448,666 Other Long-term Liabilities 1,230,037 1,220,722 Uncertain Tax Positions 19,321,475 19,321,475 Deferred Tax Liability 1,231,852 1,682,207 Total Liabilities 93,058,729 94,020,158 SHAREHOLDERS' EQUITY Common Stock, no par value, 1,500,000,000 shares authorized, 325,263,800 issued and outstanding at March 31, 2025 and 325,163,800 issued and outstanding at December 31, 2024 - - Preferred Stock, no par value, 50,000,000 shares authorized, 0 issued and outstanding at March 31, 2025 and 0 at December 31, 2024 - - Additional Paid-In Capital 368,881,670 368,821,339 Deficit (258,154,585 ) (256,107,418 ) Total Shareholders' Equity 110,727,085 112,713,921 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 203,785,814 $ 206,734,079 PLANET 13 HOLDINGS Condensed Consolidated Statements of Operations and Comprehensive Loss(Unaudited, In United States Dollars) Three Months Ended March 31, March 31, 2025 2024 Revenues, net of discounts $ 28,031,807 $ 22,877,471 Cost of Goods Sold (16,024,302 ) (12,392,992 ) Gross Profit 12,007,505 10,484,479 Expenses: General and Administrative 14,016,688 10,024,787 Sales and Marketing 1,547,018 1,290,737 Lease Expense 1,304,893 774,946 Depreciation 1,751,430 2,059,023 Total Expenses 18,620,029 14,149,493 Loss From Operations (6,612,524 ) (3,665,014 ) Other Income (Expense): Interest income (expense), net (176,411 ) 24,562 Foreign exchange (loss) (2,889 ) (3,097 ) Other income, net 4,978,523 113,749 Total Other Income 4,799,223 135,214 Loss Before Provision for Income Taxes (1,813,301 ) (3,529,800 ) Provision For Income Taxes Current Tax Expense (1,071,602 ) (2,363,860 ) Deferred Tax Recovery 837,736 19,891 (233,866 ) (2,343,969 ) Net Loss and Comprehensive Loss $ (2,047,167 ) $ (5,873,769 ) Loss per Share Basic and diluted loss per share $ (0.01 ) $ (0.03 ) Weighted Average Number of Shares of Common Stock Basic and diluted 325,261,578 228,437,545 PLANET 13 HOLDINGS Condensed Consolidated Statements of Cash Flows(Unaudited, In United States Dollars) Three Months Ended March 31, March 31, 2025 2024 CASH USED IN OPERATING ACTIVITIES Net loss $ (2,047,167 ) $ (5,873,769 ) Adjustments for items not involving cash: Shared based compensation 60,331 104,338 Non-cash lease expense 506,530 235,980 Depreciation 3,081,283 3,017,720 Loss on disposal of fixed assets - 66,178 Recovery of property in legal settlement (4,570,227 ) - Amortization of note payable discount 126,725 - Lease incentive amortization 2,381 27,277 (2,840,144 ) (2,422,276 ) Net Changes in Non-cash Working Capital Items (1,986,054 ) 1,082,151 Repayment of lease liabilities (362,842 ) (90,826 ) Total Operating (5,189,040 ) (1,430,951 ) FINANCING ACTIVITIES Proceeds from public share issuance - 9,913,856 Repayment of Lafayette State Bank Note (2,947,632 ) - Bank of Nevada Revolving Line of Credit 3,000,000 - Total Financing 52,368 9,913,856 INVESTING ACTIVITIES Purchase of property and equipment (2,691,268 ) (2,947,190 ) Proceeds from sales of fixed assets - 4,594 Total Investing (2,691,268 ) (2,942,596 ) NET CHANGE IN CASH DURING THE PERIOD (7,827,940 ) 5,540,309 CASH Beginning of Period 25,435,077 17,281,592 End of Period $ 17,607,137 $ 22,821,901 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Planet 13 Announces Release Date of First Quarter 2025 Financial Results
Planet 13 Holdings Inc. LAS VEGAS, May 07, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) ('Planet 13' or the 'Company'), a leading vertically-integrated multi-state cannabis company, announced today that it plans to release its financial results for the first quarter ended March 31st, 2025, on May 14th, 2025, aftermarket. Planet 13 will host a conference call on May 14th, 2025, to discuss its first quarter financial results and provide investors with key business highlights, strategy, and outlook. The call will be chaired by Bob Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Dennis Logan, CFO. CONFERENCE CALL DETAILS Date: May 14, 2025 | Time: 5:00 p.m. ET Call registration link: Link About Planet 13 Planet 13 ( is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint with the recent debut of its first consumption lounge in Las Vegas, DAZED!, the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13 operates 37 dispensaries across Florida, a key market in its expansive footprint, bringing its total to 34 locations nationwide. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH. To learn more, visit and follow Planet 13 on X @ShopPlanet13 and on Instagram @planet13official_. Forward-Looking Statements This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such 'plans', 'expects', 'proposed', 'may', 'could', 'would', 'intends', 'anticipates', or 'believes', or variations of such words and phrases. In this news release, forward-looking statements relate to the Company's first quarter 2025 financial performance and expectations for future financial performance. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others, those assumptions, risks and uncertainties discussed under the heading 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and any of the Company's subsequent periodic reports filed with the U.S. Securities and Exchange Commission at and on SEDAR+ at Forward-looking statements contained herein are made only as to the date of this press release and we assume no obligation to update or revise any forward-looking statements should they change, except as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Associated Press
30-04-2025
- Business
- Associated Press
Planet 13 Opens 33rd Florida Dispensary in Edgewater, Just South of Daytona Beach
LAS VEGAS, April 30, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) ('Planet 13' or the 'Company'), a leading vertically-integrated multi-state cannabis company, today announced the grand opening of Planet 13 Edgewater on May 31, 2025, the Company's 33rd dispensary in Florida and 37th nationwide. Located at 1308 S Ridgewood Ave, Edgewater, FL, the 3,000-square-foot facility will serve the growing medical cannabis community in East Central Florida and will be open Monday through Sunday from 9 a.m. to 7 p.m. 'We're proud to bring the Planet 13 experience to Edgewater as we continue our growth across Florida,' said Bob Groesbeck, Co-CEO of Planet 13. 'Situated on U.S. Highway 1, a major retail corridor, this location offers excellent accessibility for patients. As we expand, our focus remains on providing high-quality cannabis products and a best-in-class retail experience for the medical cannabis community across Volusia County and the surrounding metropolitan areas.' Planet 13 Edgewater spans 3,000 square feet in a high-traffic retail plaza, benefiting from strong daily vehicle counts and a prime location alongside Taco Bell in a fully leased, dual-tenant property that ensures steady foot traffic and long-term stability. With a growing local population and increasing demand for retail and medical cannabis access, this location is well-positioned for sustained growth. As Planet 13 continues expanding its Florida presence, it remains committed to quality, innovation, and customer care, providing top-tier cannabis products and unparalleled service to patients across its retail footprint. Visit Planet 13 Edgewater today and experience why Planet 13 is a leader in cannabis innovation. About Planet 13 Planet 13 ( ) is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint with the recent debut of its first consumption lounge in Las Vegas, DAZED!, the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13 operates 33 dispensaries across Florida, a key market in its expansive footprint, bringing its total to 37 locations nationwide. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH. To learn more, visit and follow Planet 13 on Instagram @planet13stores. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such 'plans', 'expects', 'proposed', 'may', 'could', 'would', 'intends', 'anticipates', or 'believes', or variations of such words and phrases. In this news release, forward-looking statements relate to the announcement of a dispensary opening. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others, those assumptions, risks and uncertainties discussed under the heading 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and any of the Company's subsequent periodic reports filed with the U.S. Securities and Exchange Commission at and on SEDAR+ at Forward-looking statements contained herein are made only as to the date of this press release and we assume no obligation to update or revise any forward-looking statements should they change, except as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. For further inquiries, please contact: Planet 13 Investors: Robert Groesbeck or Larry Scheffler Co-Chief Executive Officers [email protected] Planet 13 Media: Colin Trethewey / PRmediaNow Communications [email protected]
