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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 SandMan67on Apr 24, 2019 9:25pm
173 Views
Post# 29667253

Report April 30

Report April 30This is a Q4 / 2018 report on April 30.  Q4 revenue is public and we also already know revenue for the first 3 months of 2019 - just shy of 14 million (helps explain the stock price increase).  We are now coming into the 'busier season' in Vegas.  The next 3 months of sales should send this stock up further (only my opinion).  Store is just off the centre of the Vegas Strip and they even offer a shuttle van.  About 70% of the customers buy something with an average spend of around $90.  Expansion due to be completed in 2019 is going to greatly change the current 70% to what I believe will be 80+%.  Customer count will also continue to rise as more tourists hear about Planet 13.  200 people hall/conference space is also coming ... makes for one heck of a wedding! Hopefully April 30 they talk about further growth plans. 
https://www.forbes.com/sites/christopherwalton/2019/03/22/planet-13-the-worlds-largest-cannabis-entertainment-concept-is-high-speed-innovation-at-its-best/#457e1257fbc0
Link below is a March Midas Letter with co-CEO Robert Groesbeck. Hopefully in April/May they have Tyson on the show.
https://www.youtube.com/watch?v=M7nRFNyVJ7g
Stock seems to be held 'tight enough' and insiders have not been selling.
I wouldn't bet the farm on this one but it sure looks promising to me.  I am concerned there is not more 'talk/'press' on this stock but that may change in the upcoming months.  Good luck everyone.
  
Bullboard Posts