Planet 13 Holdings Inc. (OTCMKTS: PLNHF) Reports 205% YoY Revenue Growth in Q2 2021

Gabane police post gets two new vehicles

Botswana: The rising crime in Gabane and surrounding areas has prompted the Botswana Police Service (BPS) to respond to the situation by issuing two new vehicles to Gabane Police Post.

KFS launches eight utility vehicles to augment forest Protection

Kenya: The Principal Secretary of the State Department of Forestry, Ephantus Kimotho, has urged Kenya Forest Service to lay focus on resource mobilization and stakeholder engagement as a key strategic objective in the growth of the capacity of the Service to implement the 30 percent tree cover target by 2032.

Homa-Bay county schools to compete in tree growing

Kenya: The Governor of Homa-Bay County, Gladys Wanga, has launched a school tree growing competition that will involve all schools in the county in a bid to increase the country's forest cover from the current 3% to 30%.

PR Event in Ebène Cybercity for Flyover Ebène Project

Mauritius: A Public Relations exercise with tenants and stakeholders of Ebène Cybercity in view of the construction of the new interchange along the M3-A14 corridor (Flyover Ebène project) was held on Tuesday, 21 March 2023, at the Shri Atal Bihari Vajpayee Tower in Ebène.

Planet 13 Holdings Inc. (OTCMKTS: PLNHF) has released its financial results for Q2 and six months ending June 30, 2021.

Planet 13 reported revenue of $32.8 million in Q2 2021

Advertisement

The company reported a 205.2% YoY revenue increase from $10.8 million in Q2 2020 to $32.8 million in Q2 2021. The company reported a gross profit of $18.7 million or 56.9% before adjustment compared to gross profit of $4.7 million or 43.8% during the quarter. Planet 13’s net loss was $4.4 million versus $4 million in Q2 2020, and adjusted EBITDA during the quarter was $7.2 million relative to $0.6 million a year ago.

Larry Scheffler, co-CEO of the company, said, “Q2 was a strong quarter for Planet 13. With tourism back, the Superstore’s in-store experience is once again proving that it is on the list of must visit destinations for any trip to Vegas. Every week thousands of people share their experience at the store with their friends on social media and the compounding impact of that organic marketing is obvious as even after being open for three years we are seeing strong growth and increasing share of the Nevada market every month..”

Planet 13 had cash of $136.3 million at the end of Q2 2021

At the end of the quarter, the company had $136.3 million in cash compared to $79 million at the end of 2020. Planet 13’s total assets were 226.2 million versus $150 million at the end of last year, and total liabilities were £37.6 million versus $29.3 million at the end of December 31, 2020.

Planet 13 Co-CXEO Bob Groesbeck commented, “Along with stellar performance from our Nevada operations, 2021 has been about securing our next growth opportunities. I’m proud to say we opened our Orange County location on time and on budget. We are now focused on growing consumer awareness that will ultimately drive the sales we know are possible from that location.”

Gabane police post gets two new vehicles

Botswana: The rising crime in Gabane and surrounding areas has prompted the Botswana Police Service (BPS) to respond to the situation by issuing two new vehicles to Gabane Police Post.

KFS launches eight utility vehicles to augment forest Protection

Kenya: The Principal Secretary of the State Department of Forestry, Ephantus Kimotho, has urged Kenya Forest Service to lay focus on resource mobilization and stakeholder engagement as a key strategic objective in the growth of the capacity of the Service to implement the 30 percent tree cover target by 2032.

Homa-Bay county schools to compete in tree growing

Kenya: The Governor of Homa-Bay County, Gladys Wanga, has launched a school tree growing competition that will involve all schools in the county in a bid to increase the country's forest cover from the current 3% to 30%.

PR Event in Ebène Cybercity for Flyover Ebène Project

Mauritius: A Public Relations exercise with tenants and stakeholders of Ebène Cybercity in view of the construction of the new interchange along the M3-A14 corridor (Flyover Ebène project) was held on Tuesday, 21 March 2023, at the Shri Atal Bihari Vajpayee Tower in Ebène.

Mauritius Qualifications Authority renews RPL Support Scheme

Mauritius: The Recognition of Prior Learning (RPL) Support Scheme, a process to officially recognise and validate competencies gained outside the formal education and training system for the purpose of certification, was renewed yesterday, between the Human Resource Development Council (HRDC) and the Mauritius Qualifications Authority (MQA), during a ceremony held at the Shri Atal Bihari Vajpayee Tower, in Ebène. The event was followed by a workshop on Portfolio Development for 100 new potential candidates.

Dominica: PM Roosevelt Skerrit welcomes Mexican delegation AMEXCID

Dominica: Dr Roosevelt Skerrit, the Prime Minister of the Commonwealth of Dominica, received a group from the Mexican Agency for International Development Cooperation (AMEXCID) led by its Executive Director, Dr Laura Elena Carrillo Cubillas, and extended a warm welcome on March 23, 2022.