Planet 13 Holdings Inc. announced the first Nevada state consumption lounge license. The approval by the state of Nevada comes after receiving the prospective license in December 2022 from the Nevada Cannabis Compliance Board. The consumption lounge will have space for live entertainment and will be able to be booked for private events, brand launches, and other unique events.

The addition of the lounge is consistent with Planet 13's stated strategy of continuing to build the Las Vegas SuperStore into a one-of-a-kind cannabis destination where consumers can watch cannabis products being made, can purchase products and can consume all under one roof. The additional attractions, stores, entertainment, and events increase the utilization of the SuperStore facility, drives additional traffic, and improves margins. Construction of the consumption lounge is expected to be finished in First Quarter 2024, pending final county-level approvals.