Planet 13 reports Q4 and full year 2021 financial results

Nevada-based Planet 13 Holdings Inc. (PLTH) (CSE.PLTH) – a leading vertically-integrated cannabis company – has announced its financial results for the three-month and twelve-month period ended December 31st, 2021. On February 11th, 2022, Planet 13's registration statement on Form 10 filed with the U.S. Securities and Exchange Commission became effective and Planet 13 became a U.S. reporting company on such date.

Larry Scheffler, Co-CEO of Planet 13, commented:

“During a quarter that is seasonally slower and marked by significantly less tourist traffic, Planet 13 was able to maintain a market share above 10% in the Las Vegas cannabis market. In addition to the competitive performance demonstrated by our SuperStore and neighborhood store, our brands grew 21% in a market that was down 5% in Q4[2]. Similarly, while the California market was down sequentially in Q4 [3] , our Orange County store grew 7.2% in the quarter on the back of increased brand awareness.”

Planet 13 owns the world’s largest cannabis store, just steps from the Las Vegas Strip.

Full story here.

New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub. Or, for lively sector discussion, visit Stockhouse’s new Cannabis Bullboards page.