BUSINESS Planet 13 Expands Universe Into California

Planet 13 Las Vegas Globe

Planet 13 Holdings Inc. (OTCQX: PLNHF) is expanding beyond its universe of Las Vegas Nevada as the company acquires a California dispensary. Planet 13 said it is has closed on its plan to buy Newtonian Principles, Inc. in a stock and cash deal valued at $4 million.

The acquisition includes the California cannabis sales license held by Newtonian, and a 30-year lease for a dispensary in Santa Ana, California, and certain other assets from Warner Management Group, LLC.

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