Planet 13 Holdings, Inc. (TSE:PLTH) has released an update.
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Planet 13 Holdings Inc. has successfully completed its acquisition of VidaCann, significantly expanding its retail presence in the Florida cannabis market by adding 26 stores. The deal, valued at approximately $63.4 million, also includes the appointment of VidaCann’s former CEO, David Loop, to Planet 13’s board of directors. Planet 13 plans to boost VidaCann’s performance through product diversification and the introduction of its successful Nevada brands to Florida stores.
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