Planet 13 (PLNHF) has a methodical plan to bring its Superstore model around the country.
The cannabis retailer has a very successful flagship location in Las Vegas and it has added a second one in Santa Ana, Calif., just outside of Los Angeles.
Now, the company has tentatively expanded its California footprint by reaching a deal to purchase Next Green Wave (NGW) for C$91 million ($71.8 million). Under the terms of the deal, NGW shareholders will receive 0.1081 of a common share of Planet 13 and $0.0001 in cash, for each NGW Share held.
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