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Market
Will Planet 13's stock price increase by 5% by the end of 2024 following the Exhale acquisition?
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Story
Planet 13 Acquires Rival Las Vegas Cannabis Dispensary Exhale for $6.9 Million
Sep 14, 2024, 04:39 AM
Planet 13, a prominent cannabis dispensary in Las Vegas, has expanded its footprint by acquiring rival dispensary Exhale for $6.9 million. This strategic move has been described by a marijuana business consultant as 'a step in the right direction' for the Las Vegas cannabis industry. Christopher LaPorte, managing partner of RESET, a cannabis consulting firm, noted that commanding both the north and south sides of the Vegas Strip is a smart strategy for capturing tourist traffic. The sale price of $6.9 million reflects a positive valuation trend for local cannabis businesses.
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