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LAS VEGAS, May 7, 2019 /CNW/ – Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) (“Planet 13” or the “Company“), a leading vertically-integrated Nevada cannabis company, announced today that it served 1,962 customers per day in April at an average ticket of $89.62.
“April Superstore results were inline with very strong March results and are meeting or exceeding the 2,000 customers per day at $75 average ticket we guided to when opening the SuperStore,” said Larry Scheffler, Co-CEO of Planet 13. “We had 1,962 paying customers per day and an average ticket of just under $90 US. With only 35% of our total square footage built-out, we are just starting to show the potential of this location and the Planet 13 brand. We expect the Superstore’s visibility to continue to grow as we complete our Phase II expansion in Q3 and are exploring several additional ways to generate value both through expansion into other jurisdictions as well as distribution of our successful in-house brand portfolio. We look forward to continuing to update shareholders on our progress when we report Q1 at the end of May.”
About Planet 13
Cautionary Note Regarding Forward-Looking Information
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: final regulatory and other approvals or consents; fluctuations in general macroeconomic conditions; fluctuations in securities markets; expectations regarding the size of the Nevada cannabis market and changing consumer habits; the ability of the Company to successfully achieve its business objectives; plans for expansion; political and social uncertainties; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on cultivation, production, distribution and sale of cannabis and cannabis related products in the State of Nevada; and employee relations. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
SOURCE Planet 13 Holdings Inc.
LodeRock Advisors Inc., Planet 13 Investor Relations, firstname.lastname@example.org, 416-283-0178; Robert Groesbeck or Larry Scheffler, Co-Chief Executive Officers, email@example.com, 416-283-0178Copyright CNW Group 2019
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