Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF), a leading vertically-integrated cannabis company, reported its financial results late Thursday for the three-month and nine-month periods ended September 30, 2022.
"High inflation and interest rates have impacted all areas of the economy, driving down consumer spending, including here in Las Vegas. We have been able to maintain a 9% retail market share, despite this economic downturn and an 18% increase in Nevada dispensaries year over year,” Larry Scheffler, co-CEO of Planet 13 said.
"From a competitive standpoint, we continue to perform well, maintaining retail market share in our historical 8-10% range in addition to holding or gaining share for each of our brands in Nevada."
Planet 13 co-CEO Bob Groesbeck noted that through the …