Just jumped on board this planet 13 ship.Read as much as I could find. Some are wondering why plth dropped after opening news. That drop, for veterans, is normal, ie "sell on news". Plus ,there are thousands of shorts who live at McDonald's --who day trade for a few bucks and target new offerings. They are probably jumping back in now that the dust has settled.
My 2 cents --plth has tons of promise --because it can be replicated --like McDonald's ---from one to many --once they get their first one where they want it AND they do not have to limit themselves to Nev. You can see that they are moving into their own brands ---like the grocery stores ---to up their profits. With a target price for the stock @3.50 ish, this seems to be reasonable. I also like the low float which I estimate to be at about 35 million owning to the fact that the 2 owners own 65% of the company. In this business, 35 million float is a good find. Volume peaked at 3.5 million/day earlier and a few days with that type of volume and good things could happen.
PLTH, is not know, at this point, even to people scouring the MJ area for good young companies to invest in RE: very low volume over all and Planet 13 just opened Nov 1/18.
Monkeys on a corner can sell MJ --so smart people in a beautiful exciting store situated 800 ft from the LA strip should do well. GL