Planet 13 Strengthens Florida Footprint with Panama City Dispensary Opening

Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) ("Planet 13" or the "Company"), a leading vertically-integrated multi-state cannabis company, has announced the opening of its 30th dispensary in Florida and 34th nationwide. The new Planet 13 Panama City dispensary, located at 309 E 23rd Street, is set to open on December 27, 2024, offering patients in the growing Panama City market convenient access to the company's award-winning portfolio of brands and products.

The strategic location of the new dispensary, in a high-traffic area with over 34,000 vehicles passing daily, provides excellent visibility and potential for long-term growth. The prime location offers convenient access to shopping, dining, and beach areas, making it an ideal spot for attracting customers and reinforcing Planet 13's commitment to expanding its presence in key Florida markets.

The vibrant, diverse community of Panama City, with its strong consumer spending potential, presents an excellent opportunity for Planet 13 to grow its customer base. The area's growing population and high traffic visibility further enhance the potential for increased revenue and market penetration.

Planet 13's expansion into the Panama City market aligns with the company's growth strategy of expanding its presence in key Florida markets. By opening new dispensaries in high-potential areas, Planet 13 can capture additional market share and solidify its position in the state's medical cannabis market.

The opening of the Planet 13 Panama City dispensary contributes to the company's market share in Florida's medical cannabis market by increasing accessibility, leveraging a strategic location, growing the customer base, and reinforcing the company's expansion strategy.

In conclusion, Planet 13's entry into the Panama City market presents significant potential for revenue growth, driven by the area's strong consumer spending, high traffic visibility, and the growing demand for medical cannabis products. The strategic location of the new dispensary enhances the company's competitive position in the region, further solidifying its mission to provide safe, high-quality cannabis products throughout the state.