Marijuana firm Planet 13 signals entry into California with $10 million dispensary purchase

Plant 13, the Nevada hashish firm that operates what it calls the world’s largest dispensary, is getting into the California market with a $10 million acquisition of a dispensary license and lease within the Orange County city of Santa Ana.

The firm can pay Newtonian Principles a mixture of $6 million in money and $four million in shares for the license and what’s anticipated to be a 40,000-square-foot dispensary.

Planet 13, which final week reported first-quarter income of $13.eight million, runs a 112,000-square-foot dispensary “superstore” off the Las Vegas strip.

More particulars on the acquisition might be discovered right here.



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