The cannabis sector has grown by leaps and bounds over the past few years, and there are many companies worth tracking at this point. This morning you may consider keeping an eye on the Planet 13 Holdings Inc. (OTCQX: PLNH) stock in light of the announcement made by the company on Thursday.
New Dispensary
The opening of a new dispensary is almost always a positive development for a vertically integrated, multi-state company like Planet 13 Holdings. Yesterday, the company announced that on December 27, 2024, its latest dispensary was going to start operations in Panama City in Florida. That will be the company’s 30th dispensary in the state of Florida and the 34th overall in the United States. The dispensary, located at 309 E 23rd Street in Panama City, would operate from Monday through Sunday from 8 in the morning until 8 in the evening.
Further Details
In the news release yesterday, the company noted that the dispensary, spread across an area of 1600 square feet, would allow patients in the fast-growing Panama City market access to its array of high-quality and safe cannabis products. Additionally, it was also stated that the dispensary was located in a high-traffic and high-consumer-spending area.
Managemnet Quote
“We are excited to announce the opening of our 30th Florida dispensary in Panama City, bringing the Planet 13 experience to patients in the Panhandle,” said Larry Scheffler, Co-CEO of Planet 13. “Located in an area with strong consumer spending and high traffic visibility, this dispensary offers excellent potential for long-term growth. With convenient access to shopping, dining, and the beach, Panama City’s vibrant, diverse community makes it an ideal location for our continued expansion on the Gulf Coast.”
