LAS VEGAS, NV – July 28, 2022 – Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) (“Planet 13” or the “Company“),a leading vertically-integrated multi-state cannabis company, announces that Planet 13 Illinois LLC (“Planet 13 Illinois”) has been awarded a Conditional Adult Use Dispensing Organization License in the Chicago-Naperville-Elgin region from the Illinois Department of Financial and Professional Regulation.
“After a long wait, it is great to be granted our license and to have the opportunity to move forward with our Illinois dispensary plans,” said Larry Scheffler, Co-CEO of Planet 13. “The Chicago region offers significant value for cannabis operators. It has strong cannabis sales, a large population base, an attractive tourist destination, and is ready for the Planet 13 experience.”
Frank Cowan added, “As a local of Illinois, I’m thrilled to partner with Planet 13 to bring the unique Planet 13 experience to my home state for my friends and family.”
Planet 13 Illinois LLC is owned 51% by Frank Cowan and 49% by Planet 13 Holdings, Inc.
For more information on Planet 13, visit the investor website.
About Planet 13
Planet 13 (www.planet13holdings.com) is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations in Las Vegas and in Orange County, California. Planet 13 also holds a medical marijuana treatment center license in Florida and a 49% interest in Planet 13 Illinois which won a lottery for a Social-Equity Justice Involved dispensing license in the Chicago-region of Illinois. Planet 13’s mission is to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products. Planet 13’s shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and OTCQX under the symbol PLNHF.