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Planet 13 Holdings Inc.
Planet 13 Holdings runs the world's largest cannabis dispensary in Las Vegas.
Planet 13 Holdings Inc.
Planet 13 Holdings Inc. was founded in 2014 by a group that included Larry Scheffler and Bob Groesbeck, who remain co-CEOs. The company went public on the Canadian Securities Exchange in 2018 under the ticker PLTH. It began as a cultivation and production operation before opening its flagship Las Vegas dispensary in November 2018. The company's core strategy centers on a vertically integrated retail model anchored by its 112,000-square-foot Las Vegas superstore — part dispensary, part entertainment venue. Planet 13 also operates a cultivation facility in Las Vegas and a second dispensary in Santa Ana, California. It holds licenses in Nevada and California, and has expanded into Florida via a partnership with a local medical cannabis operator. The company's asset-class focus is entirely cannabis, spanning cultivation, production, retail, and brand development. Planet 13 employs roughly 800 people, per company filings from 2023. It maintains one corporate office in Las Vegas. The firm's philanthropic arm, the Planet 13 Foundation, was launched in 2020 to support cannabis industry education and community initiatives. In December 2023, Planet 13 completed the acquisition of VidaCann, a Florida medical cannabis operator, adding 26 dispensaries to its footprint (per company press release, December 2023). The structural differentiator is the sheer scale of its retail flagship — a tourist destination that generates foot traffic comparable to a major Las Vegas attraction. That model has made Planet 13 the highest-grossing single dispensary in the United States by revenue, according to industry data, though the company does not publicly disclose per-store financials.
General information
Firm type
other
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Las Vegas
Corporate office
Las Vegas, NV, United States
Principals
Larry Scheffler
Co-CEO
Bob Groesbeck
Co-CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Planet 13?
Co-CEOs Larry Scheffler and Bob Groesbeck jointly oversee strategic and capital decisions. The company's board of directors includes both CEOs along with independent directors. Major acquisitions, such as the December 2023 VidaCann purchase, require board approval and are disclosed in public filings.
Is Planet 13 structured as a family office or a public company?
Planet 13 Holdings Inc. is a publicly traded cannabis company listed on the Canadian Securities Exchange (PLTH). It is not a family office. Insiders, including co-founders, hold significant equity but the firm is managed as a public corporation with shareholders and a board.
Does Planet 13 participate in fund commitments or only direct operations?
Planet 13 operates directly — it cultivates, manufactures, and retails cannabis products through company-owned stores. It does not serve as a limited partner in external funds. Its capital deployment is entirely operational: building dispensaries, cultivation facilities, and making tuck-in acquisitions like VidaCann.
Which sectors does Planet 13 explicitly avoid?
Planet 13 focuses exclusively on the cannabis sector, specifically medical and adult-use products. It does not invest in technology, real estate unrelated to its own operations, or any non-cannabis industry. Its scope is confined to regulated cannabis markets in the US.
How is Planet 13 related to other cannabis operators?
Planet 13 is a standalone public company, not part of a larger conglomerate. It competes with other multi-state operators like Trulieve and Curaleaf. Its differentiation is the Las Vegas superstore model, which has no direct equivalent in the industry.
What investment stages does Planet 13 typically target?
Planet 13 targets operational cannabis assets — licensed dispensaries, cultivation facilities, and production infrastructure. It does not invest in early-stage or pre-revenue cannabis startups. Its growth strategy favors acquisitions of established operators in limited-license states, like its Florida expansion.
What is Planet 13's known posture on co-investments alongside external partners?
Planet 13 has not publicly pursued co-investment structures. Its Florida expansion involved a partnership with a local medical operator, but that was a vertical integration play, not a fund-like co-investment. The company's capital structure relies on equity and debt financing, not LP commitments.
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