Nevada-based cannabis retailer
Planet 13 Holdings Inc. (
CSE.PLTH) released preliminary third-quarter revenue figures Tuesday,
informing investors it expects to report US$22.8 million in sales in the three-month period.
Planet 13 added that it expects to report gross margins of about 50% in its Q3, with an average of over 1,600 customers per day and an average sales ticket of US$124 – an indication that the pandemic isn't adversely affecting operations for the company.
The vertically-integrated retailer said it also expects to see a boost in wholesale revenue, with its products now available in nearly three dozen dispensaries in Nevada. Shares of Planet 13 rose about 6.5% on the Canadian Securities Exchange on Tuesday.
Planet 13 owns the world’s largest cannabis store, just steps from the Las Vegas Strip.
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