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

Women Medical specialists to host children’s cancer awareness in Vhembe district

Limpopo Health MEC Dr Phophi Ramathuba will lead women medical specialists during the children's cancer awareness campaign to be held at Tshilidzini Hospital in the Vhembe District under the theme: "Children our future". This is part of the Women's month celebration and the 2nd anniversary of the Rural Health Matters outreach program.

Operation Vala Zonke launched in Northern Cape

The Premier of the Northern Cape, Dr Zamani Saul, together with the MECs for Roads and Public Works, Ms Fufe Makatong, and Transport, Safety and Liasion, Ms Nomandla Bloem, joined by a team from SANRAL led by the Regional Manager, Mr Randal Cable, today launched the roll out of the provincial leg of Operation Vala Zonke. This is a national campaign aimed at repairing potholes.

Response to a Social Media post of a patient living with a disability waiting for a file

South Africa: Limpopo department of health has noted the story circulating on social media of a patient living with disabilities waiting for a file at Siloam Hospital.

Dominica continuously making new investments in education sector

Roseau, Dominica: The government of Dominica is making a new investment in the education sector without taking any break. The goal of the Caribbean country is to prepare youngsters for the future and utilize the new, modern technologies in order to advance the sector.

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

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.”

Women Medical specialists to host children’s cancer awareness in Vhembe district

Limpopo Health MEC Dr Phophi Ramathuba will lead women medical specialists during the children's cancer awareness campaign to be held at Tshilidzini Hospital in the Vhembe District under the theme: "Children our future". This is part of the Women's month celebration and the 2nd anniversary of the Rural Health Matters outreach program.

Operation Vala Zonke launched in Northern Cape

The Premier of the Northern Cape, Dr Zamani Saul, together with the MECs for Roads and Public Works, Ms Fufe Makatong, and Transport, Safety and Liasion, Ms Nomandla Bloem, joined by a team from SANRAL led by the Regional Manager, Mr Randal Cable, today launched the roll out of the provincial leg of Operation Vala Zonke. This is a national campaign aimed at repairing potholes.

Response to a Social Media post of a patient living with a disability waiting for a file

South Africa: Limpopo department of health has noted the story circulating on social media of a patient living with disabilities waiting for a file at Siloam Hospital.

Dominica continuously making new investments in education sector

Roseau, Dominica: The government of Dominica is making a new investment in the education sector without taking any break. The goal of the Caribbean country is to prepare youngsters for the future and utilize the new, modern technologies in order to advance the sector.

Official opening of Eastern Cape Arts Exhibition

South Africa: The Eastern Cape Arts Exhibition opened today at the Nelson Mandela Metropolitan Art Museum in St. George's Park.

Deputy Minister Nocawe Mafu congratulates Team SA on pocketing more medals at the 2022 Commonwealth Games

Birmingham (UK): Team South Africa added four more medals to their collection at the ongoing Commonwealth Games in Birmingham on Saturday.