LAS VEGAS —
Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced the first Nevada state consumption lounge license. The approval by the state of Nevada comes after receiving the prospective license in December 2022 from the Nevada Cannabis Compliance Board.
“Receiving this confirmation from the state allows us to move on to the final design and buildout of our consumption lounge,” said Larry Scheffler, Co-CEO of Planet 13. “The consumption lounge will be a huge step to unlocking the full potential of the SuperStore as a cannabis destination. It will give customers the ability to try products prior to buying, watch live entertainment, and enjoy food and drink in a social setting that matches Planet 13’s incredible experiential design standard.”
The consumption lounge will have space for live entertainment and will be able to be booked for private events, brand launches, and other unique events. The addition of the lounge is consistent with Planet 13’s stated strategy of continuing to build the Las Vegas SuperStore into a one-of-a-kind cannabis destination where consumers can watch cannabis products being made, can purchase products and can consume all under one roof. The additional attractions, stores, entertainment, and events increase the utilization of the SuperStore facility, drives additional traffic, and improves margins.
Construction of the consumption lounge is expected to be finished in Q1 2024, pending final county-level approvals.
For more information on Planet 13, visit the investor website.
