Planet 13 pumps the brakes on expansion, keys in on Florida
Green Market Report
Sun, Mar 30
Key Points
- Planet 13 Holdings based in Las Vegas has slowed its expansion plans due to setbacks in the industry, such as the loss of recreational marijuana legalization in Florida in November.
- The company is also attributing the slowdown to ongoing industry-wide price compression.
- As a result, the company will not be expanding as rapidly as previously planned.
- Planet 13 Holdings discussed these challenges during their quarterly earnings call.
Las Vegas-based Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH) slowed its roll to accommodate industry setbacks, including the November loss of recreational marijuana legalization in Florida and “ongoing industry-wide price compression,” company leadership said during its quarterly earnings call last week.
That means less rapid expansion and probably not as many...
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