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planet 13 HOLDINGS INC . Planet 13 Announces Q3 2021 Financial Results • Q3 2021 Revenue of $ 33.0 million , up 45 % compared to Q3 , 2020 • Q3 2021 Adjusted EBITDA¹ of $ 3.5 million All figures are reported in United States dollars ( $ ) unless otherwise indicated Las Vegas , Nevada – November 23 , 2021 – Planet 13 Holdings Inc. ( CSE : PLTH ) ( OTCQB : PLNHF ) ( " Planet 13 " or the " Company " ) , a leading vertically - integrated cannabis company , today announced its financial results for the three - month and nine - month period ended September 30 , 2021. Planet 13's financial statements are prepared in accordance with International Financial Reporting Standards ( " IFRS " ) . " We continued to drive strong performance during the quarter from our core Las Vegas operations in Nevada , " said Larry Scheffler , Co - CEO of Planet 13. " Along with our dispensary operations , our product brands are performing well with Trendi seeing 110 % dollar sales growth year over year according to Headset . It now makes up about 5 % of Vape sales and 7 % of Concentrate sales and HaHa edibles was 14.4 % of edibles sales in the State . " " Along with stellar performance from our Nevada operations , this was a massive quarter towards securing the future growth of Planet 13. We opened our California store in the quarter and while initial sales growth has been slower due to headwinds from COVID and untimely road construction around the SuperStore , customer reviews have been outstanding . We expect strong growth as those headwinds abate , ” commented Bob Groesbeck , Co - CEO of Planet 13. " We also won a dispensary license for the Chicago area giving us a clear path for our next SuperStore and acquired a Florida license that will allow us to vertically integrate and open multiple neighborhood and SuperStores in the state . " Financial Highlights - Q3 - 2021 Operating Results All comparisons below are to the quarter ended September 30 , 2020 , unless otherwise noted ● Revenues were $ 33.0 million as compared to $ 22.8 million , an increase of 45 % 1 Adjusted EBITDA is a non - GAAP financial measure