Planet 13 Strengthens Florida Footprint with Opening of 29th Dispensary in Gulf Breeze in the Pensacola Metropolitan Area
Rhea-AI Summary
Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH) announced the opening of its 29th dispensary in Florida and 33rd nationwide on December 18th, 2024. The new Planet 13 Gulf Breeze facility, spanning 4,771 square feet, is located at 2871 Gulf Breeze Parkway, Gulf Breeze, FL. The dispensary will operate daily from 9 a.m. to 7 p.m., serving the Pensacola metropolitan area's medical cannabis community.
The location is strategically positioned near Pensacola's beaches, downtown, Gulf Islands Seashore National Park, Tiger Point Golf Club, and Oriole Beach Boat Ramp. The facility offers express in-store pickup and drive-thru services through their website.
Positive
- Expansion of retail footprint with 29th Florida location and 33rd nationwide
- Strategic location in high-traffic area with strong tourism and consumer base
- Multiple convenience options including drive-thru service
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, PLNH declined 3.27%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LAS VEGAS, Dec. 18, 2024 (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 opening of Planet 13 Gulf Breeze on December 18th, 2024, the Company’s 29th dispensary in Florida and 33rd nationwide. Located at 2871 Gulf Breeze Parkway, Gulf Breeze, FL, the 4,771-square-foot facility is strategically positioned to serve the growing medical cannabis community in the Pensacola area and will be open Monday through Sunday from 9 a.m. to 7 p.m.
“We're excited to expand the Planet 13 experience to the Gulf Breeze community, providing patients in the booming Pensacola Metro Area with access to our newest dispensary,” said Bob Groesbeck, Co-CEO of Planet 13. “Gulf Breeze’s strong consumer and tourism base, favorable demographics, and prime high-traffic location make this opening a strategic step toward driving sustained revenue growth.”
Located within close proximity of Pensacola’s iconic white sand beaches, historical downtown, as well as key recreational adult activities including Gulf Islands Seashore National Park, the Tiger Point Golf Club and the Oriole Beach Boat Ramp, Planet 13’s new Gulf Breeze location reinforces the Company’s growth strategy, positioning it well to capture additional market share in Florida’s medical cannabis market.
For additional convenience and accessibility, patients can choose to order ahead at https://www.vidacann.com/ for express in-store pickup or drive-thru.
About Planet 13
Planet 13 (https://planet13.com) 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 29 dispensaries across Florida, a key market in its expansive footprint, bringing its total to 33 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 planet13.com 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 new dispensary. 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 www.sec.gov and on SEDAR+ at www.sedarplus.ca. 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.
FAQ
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