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Planet 13 Holdings Inc C.PLTH

Alternate Symbol(s):  PLNH

Planet 13 Holdings Inc. is a vertically integrated cultivator and provider of cannabis and cannabis-infused products in the States of Nevada, California, Florida and Illinois. The Company owns and manufactures cannabis products under various brands, including HaHa (gummies and beverages), Dreamland (chocolates), TRENDI (vapes and concentrates), Medizin (flower, vapes, concentrates), and Leaf and Vine (vapes). Through its subsidiaries in Nevada, it holds six licenses for cultivation (three medical and three adult-use), six Nevada production licenses (three medical and three adult-use), three Nevada dispensary licenses (one medical and two adult-use), one Nevada distribution license, one California adult-use dispensary license, two California distribution license, one California adult-use manufacturer license, and one Illinois conditional adult-use dispensary license.


CSE:PLTH - Post by User

Bullboard Posts
Post by itsthehitmanon Mar 17, 2019 2:31pm
84 Views
Post# 29497829

Good question

Good questionWould anyone know the wholesale inventory carried at the store
My reasoning is about stock turns 
at the present run rate their sales should be in excess of 50 million a year
If the inventory level on average is 5 million dollars retail then they have 10 stock turns a year which is fantastic
As a comparison   clothing stores strive to do 4 stock turns a year
So a million dollar coloring store inventory should not exceed 250000 retail
My guess planet 13 inventory is 8 to 12 million at retail levels giving them 4 to 6 stock turns which is excellent.
just need to know their inventory level to figure out how many times they are turning their dollars
Glta   great concept company
Bullboard Posts