Planet 13 Illinois wins Chicago dispensary license

Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) has announced that Planet 13 Illinois LLC has won a Conditional Adult Use Dispensing Organization License in the Chicago-Naperville-Elgin region from the Illinois Department of Financial and Professional Regulation.  "We are thrilled to announce that Planet 13 Illinois was successful in the dispensary license lottery in the Chicago region," said Planet 13 co-CEO Larry Scheffler in a statement. "Chicago has been one of the main target markets for a Planet 13 SuperStore with its rapidly growing cannabis sales, large population base, and attraction as a tourist destination. We are thrilled to be a partner with Frank Cowan to help support the growth of the industry and to bring the Planet 13 experience to the Chicago region." Plant 13 Illinois LLC is owned 51% by Frank Cowan and 49% by Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF). READ: Planet 13 Holdings reports $11.9 million in sales during July Meanwhile, Frank Cowan noted that Planet 13 has “defined what the cannabis retail experience can be.” “Their Las Vegas store is out of this world, and I'm excited to partner with them to bring that experience to my hometown," added Cowan. Planet 13 is a leading vertically integrated Nevada cannabis company, which operates cultivation, production, and dispensary operations in Las Vegas — the entertainment capital of the world. The company’s biggest claim to fame is its flagship, uber luxury SuperStore dispensary, the Planet 13 Cannabis Entertainment Complex located not far from the famous Las Vegas Strip. At 112,000 square feet, the SuperStore is the biggest cannabis store in the world, attracting 1 million visitors in 2019. The company recently opened its first California retail outpost in Orange County. The company’s ambition is to operate ultra-high-end dispensaries in tier-one markets nationwide and to sell its brands in both the company's branded stores and wholesale. Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive