Planet 13 Holdings(OTC:PLNH) has completed its acquisition of VidaCann, reporting $12.5 million in sales for the first quarter of 2024, a 56% increase compared to the previous period.

Pablo ZuanicofZuanic & Associatesnotes, "We continue to be blown away by the performance of the VidaCann team," emphasizing the growth and efficiency improvements in both cultivation and retail operations. By introducing Planet 13's brands and new product formats, further revenue growth is anticipated.

VidaCann's Performance

VidaCann operates 26 stores, accounting for 4% of Florida's 625 cannabis shops. Despite a stable store count, sales per store have grown significantly. According to the report, flower...