Last year, we highlighted Planet 13 Holdings (PLTH.CN) (PLNHF) due to how it was positioned to capitalize on the cannabis delivery market in Nevada ahead of the pandemic. Months before China reported its first case of COVID, the cannabis retailer was already offering a cannabis delivery service to medical and recreational customers in Las Vegas.
When Nevada issued a stay-at-home order in March, many Las Vegas cannabis consumers started to utilize Planet 13’s delivery service and this a trend that caught our attention. As a result, the company quickly became a major beneficiary of the stay at home order that was issued and its decision to develop a cannabis delivery platform resulted in Planet 13 reporting strong revenue growth.
