Canadian cannabis stock to expand world's largest dispensary

• Planet 13 Holdings (CSE:PLTH), a small-cap Canadian cannabis stock, today unveiled plans and renderings for its DAZED! consumption lounge at its Las Vegas SuperStore
• DAZED! will strengthen the SuperStore’s title as the largest dispensary in the world upon opening on April 20, 2024, with more than 3,000 square feet of mixed-use space
• Planet 13 Holdings is a vertically integrated cannabis company active in cultivation, production and dispensary operations in Las Vegas and California
• Planet 13 Holdings stock (CSE:PLTH) has lost approximately 45 per cent year-over-year

Planet 13 Holdings (CSE:PLTH), a small-cap Canadian cannabis stock, on Wednesday unveiled plans and renderings for its DAZED! consumption lounge at the Las Vegas SuperStore.

DAZED! will strengthen the SuperStore’s title as the largest dispensary in the world upon opening on April 20, 2024, with more than 3,000 square feet of food, consumption and entertainment space.

Cannabis offerings will include flower, concentrates, vapes, edibles and specialty crafted canna-cocktails, which will be enhanced by standout features including VIP booths, eclectic art including unique bong chandeliers, as well as a secret phone-booth entrance reminiscent of a 1920s speakeasy.

“We’re thrilled to share our exciting plans for our trailblazing cannabis consumption lounge. From day one, our goal has been to out-Vegas Vegas, and this is another big step in that direction. It’s an extraordinary space for cannabis novices, connoisseurs, tourists and locals to enjoy cannabis while experiencing world-class entertainment,” Larry Scheffler, co-CEO of Planet 13 Holdings, said in a statement. “One of the main goals for this year was to increase the utilization of the SuperStore to drive more traffic and revenue while improving cost structure and operating margins. We are executing on that goal while continuing to define Planet 13 as a differentiated retail brand with national recognition.”

Planet 13 Holdings is a vertically integrated cannabis company active in cultivation, production and dispensary operations in Las Vegas and California. The company also holds a medical marijuana treatment centre license in Florida and a conditional Social-Equity Justice Involved dispensing license in Chicago.

Planet 13 Holdings stock (CSE:PLTH) is down by 1.10 per cent, trading at C$0.90 per share as of 9:44 am ET. The stock has lost approximately 45 per cent year-over-year as the U.S. government mulls over its relationship with the cannabis industry.

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