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Planet 13 Subsidiary VidaCann Shows Strong Q1 Growth
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Planet 13 Subsidiary VidaCann Shows Strong Q1 Growth

Planet 13 Holdings (TSE:PLTH) has released an update.

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Planet 13 Holdings has announced a robust start to 2024 for its subsidiary VidaCann, with Q1 financials showing significant year-over-year improvements and a promising profitability margin. Co-CEOs Bob Groesbeck and Larry Scheffler expressed optimism about VidaCann’s future, planning to open more dispensaries in Florida and enhance product offerings. This growth is part of Planet 13’s strategic multi-year plan aimed at expanding market presence, increasing profitability, and improving cash flow.

For further insights into TSE:PLTH stock, check out TipRanks’ Stock Analysis page.

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