Planet 13 Makes a Big Move to Grow Its California Cannabis Business

Beautiful sunset of Los Angeles

Planet 13 (PLNHF) has a methodical plan to bring its Superstore model around the country.

The cannabis retailer has a very successful flagship location in Las Vegas and it has added a second one in Santa Ana, Calif., just outside of Los Angeles.

Now, the company has tentatively expanded its California footprint by reaching a deal to purchase Next Green Wave (NGW) for C$91 million ($71.8 million). Under the terms of the deal, NGW shareholders will receive 0.1081 of a common share of Planet 13 and $0.0001 in cash, for each NGW Share held.

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