189
The Fine Print
Spiro Sertsis, CPA, CMA
@SpiroSertsis
Alternative Medicine Association, a 91% owned subsidiary of the Company is licensed in the State of Nevada as a (i) cultivation facility; and (ii) a production facility for edible, or marijuana-infused products. Infused Mfg (“Infused”), also a 91% -owned subsidiary of the Company, is focused on developing, acquiring and designing hemp and CBD-infused products and brands for retail sale and use in jurisdictions where permitted.
You may not have heard of Planet 13 Holdings Inc., as they are not publicly traded as of yet, but will be soon, according to their press release. On June 11th, it announced the completion of a business combination with MM Development Company, Inc., a leading Nevada-based vertically-integrated cannabis company. The plan is to access Canadian capital markets and leverage it to build out a 16,500 square foot “Las Vegas Superstore” which will be the largest dispensary and attraction-based cannabis destination in the world. As the co-CEO states in his press release:
"we have already built a vertically integrated cannabis company that resonates with Las Vegas visitors and this expansion will achieve two primary objectives. The first is to utilize our unique strategic proximity to the Las Vegas Strip to capture more of the entertainment dollars flowing through Las Vegas each year, while further building the premium-quality brands and experience we have fostered over the past two and a half years in operation. The second objective is to leverage our exposure in Las Vegas, where people are open to new experiences, to begin building a brand and reputation beyond our home state and then leverage that over time into a measured and strategic expansion into other legal U.S. markets."
Look for more Planet 13 news in the not-so-distant future.