Planet 13 Expands Popular TRENDI Brand to California with Premium Flower
Planet 13 Holdings (CSE: PLTH, OTCQX: PLNHF) has announced the expansion of its TRENDI brand into California, starting with premium small batch flower strains exclusive to Planet 13 Orange County. The company is fully vertically integrated in California, enhancing its ability to increase margins and enter the wholesale market. CEO Bob Groesbeck indicated that the strategy aims to drive revenue and profitability across California, Nevada, and Florida. TRENDI, established in 2018, offers a range of premium cannabis products.
- Expansion of TRENDI brand into California enhances market presence.
- Vertical integration in California improves margin potential and wholesale opportunities.
- CEO emphasizes a clear strategy for increasing revenue and profitability.
- None.
LAS VEGAS, NV / ACCESSWIRE / May 2, 2022 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) ("Planet 13" or the "Company"),a leading vertically-integrated multi-state cannabis company, has announced the expansion of its popular TRENDIbrand to California starting with premium small batch flower strains. TRENDI will be exclusive to Planet 13 Orange County to start.
"We are excited to begin bringing our portfolio of award-winning brands to California starting with TRENDI. Now that we are fully vertically integrated in California, we have the ability to introduce all of our brands to increase margins at our retail location and to enter into the wholesale market," said Bob Groesbeck, Co-CEO of Planet 13. "We are diligently executing our strategy in California, Nevada, and Florida to grow revenue, profitability and brand equity."
About TRENDI
Founded in 2018, TRENDI is the industry standard for class, elegance, and quality cannabis. TRENDI specializes in expertly sourcing the most popular strains from highly sought-after cultivators in the state, offering consumers top-shelf flower collections available in limited small batch runs.
Available in Nevada and coming soon to California, TRENDI offers an unparalleled assortment of premium products ranging from flower to live resin badders and sauce, cured shatter, RSO, live resin cartridges, disposable vapes, and superblunts. Don't follow the Trend. Be the Trend. For more information about TRENDI, visit www.trendivapes.com.
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 dispensary operations in Orange County, California. Planet 13 also holds a medical marijuana treatment center license in Florida and a
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward looking-statements relate to the Company's plan to bring our portfolio of brands to California, enter the wholesale markets, and increase margins at our retail facility.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: risks associated with COVID-19 and other infectious diseases presenting as major health issues; fluctuations in general macroeconomic conditions; fluctuations in securities markets; expectations regarding the size of the Nevada and California cannabis market or other states in which the Company may operate and changing consumer habits; the ability of the Company to successfully achieve its business objectives; plans for expansion; political and social uncertainties; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on cultivation, production, distribution and sale of cannabis and cannabis related products in states in which we operate or contemplate future operations; and employee relations. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States through licensed subsidiary entities in states that have legalized marijuana operations, however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company's business, including COVID-19, are contained under the heading "Risk Factors" and elsewhere in the Company's Form 10-K dated March 28, 2022 as filed on its issuer profile on SEDAR at www.sedar.com.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further inquiries, please contact:
LodeRock Advisors Inc., Planet 13 Investor Relations
mark.kuindersma@loderockadvisors.com
Robert Groesbeck or Larry Scheffler
Co-Chief Executive Officers
ir@planet13lasvegas.com
SOURCE: Planet 13 Holdings
View source version on accesswire.com:
https://www.accesswire.com/699598/Planet-13-Expands-Popular-TRENDI-Brand-to-California-with-Premium-Flower
FAQ
What is the latest news about Planet 13 Holdings (PLNHF)?
How is Planet 13 expanding its operations in California?
What new products will be available from TRENDI in California?
What is Planet 13's strategy for growth in the cannabis market?
