SAWEEKLY — Planet 13 has set its sights on a Santa Ana, California location to set up the largest weed retailer in the state. The company announced via a letter of intent to purchase a cannabis license for the ambitious project, causing analysts to raise the buy prospect for company shares:
"Planet 13 Holdings (Planet 13 Holdings CSE:PLTH) plans to acquire a dispensary licence in California is getting the thumbs up from Beacon Securities analyst Doug Cooper, who is raising his target price, calling the new event an excellent strategic initiative for the Nevada-based cannabis company to expand its Superstore brand."
The company plans a Superstore like operation in Santa Ana to corner the largest marijuana consumer market in the world. California ranks highest in weed consumption in the country, with Los Angeles being in the lead statewide.