Earnings release
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planet 13 HOLDINGS INC . Planet 13 Announces Q1 2021 Financial Results Q1 2021 Revenue of $ 23.8 million • • Planet 13 accounted for 8.6 % of all Nevada cannabis dispensary revenue in Q1¹ Q1 2021 EBITDA of $ 5.2 million All figures are reported in United States dollars ( $ ) unless otherwise indicated - - Las Vegas , Nevada May 27 , 2021 Planet 13 Holdings Inc. ( CSE : PLTH ) ( OTCQB : PLNHF ) ( " Planet 13 " or the " Company " ) , a leading vertically - integrated Nevada cannabis company , today announced its financial results for the three - month period ended March 31 , 2021. Planet 13's financial statements are prepared in accordance with International Financial Reporting Standards ( " IFRS " ) . " After a slower January and February , due to COVID - 19 related restrictions in place in Nevada , we had an absolutely outstanding March , April , and now May . It is clear that Vegas is back , and with hotels and casinos across the strip reporting being fully booked for the foreseeable future we think it's just getting started , " said Larry Scheffler , Co - CEO of Planet 13. " After a year of fighting against the largest possible macro storm , it feels great to have the wind at our backs and to see all the improvements we put in place start to pay off . " " Tourism is back , and the SuperStore is performing well . The Medizin store is proving that our blend of entertainment , customer service , and product selection work in smaller footprint retail stores . Our wholesale is growing at a solid pace . Across our Nevada operations , we are experiencing a successful return to growth , ” commented Bob Groesbeck , Co - CEO of Planet 13 . " In California , we are on track and on budget for our Orange County SuperStore - P13 OC . We've taken everything we've learned running the Las Vegas SuperStore and put it into this Store . We are set to open in July , and we look forward to bringing the Planet 13 experience to California and introducing it to millions of first time visitors . " Financial Highlights - Q1 – 2021 1 Market share data is based on January and February results https://tax.nv.gov/uploadedFiles/taxnvgov/Content/TaxLibrary/NV-Marijuana-Revenue-FY21(4).pdf