TCNNF - Trulieve Faces Serious Competition As Planet 13 Enters Florida Market Via $48M Deal | Benzinga
Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) announced on Monday that it has entered into a membership interest purchase agreement to acquire all of the ownership interests of VidaCann, LLC.
Why It Matters: Hint...Florida
"Acquiring VidaCann would significantly accelerate our time to market and, more importantly, scale in Florida. VidaCann is one of the ten largest Florida cannabis operators by retail network size, and we believe it has developed a reputation for high product quality and customer service," said Scheffler.
Under the deal, Planet 13 would obtain VidaCann's 26 dispensaries, representing Florida's 9th largest dispensary network.
Moreover, the Nevada-based cannabis operator would also get a fully operational greenhouse cultivation facility with a state-of-the-art processing and analytical lab, which, at total capacity, has the potential to support more than double the amount of ...