A bit of an explanation as to why no Conference Call with Q2Bottom line, they are pushing ahead hard and aggressivly, 15000 Phase two opens in less than 60 days, as we are now in Q3!!!
Ramping up to 50% of their own.....
"Planet 13 in-house brands currently represent approximately 15% of all products sold at the SuperStore. With the opening of the new production facility, Planet 13 intends to continue to grow the in-house brand penetration with a long-term, sustainable target of approximately 50%. Planet 13 also plans to leverage its current SuperStore supplier relationships to gain rapid access for its in-house brands, to premium shelf space in third-party Nevada dispensaries."
Permiting is always an issue, but it will come, this is a great facility that has changed the landscape of Vegas.....
40-50 million visitors each year, and its only getting better,
Growers are getting squeezed, as are dispensery's so having it BIG only helps us,
margins increasing from 15-50% will make this store profitable, but next phase of POT, is Extraction, I had a chance to visit VGW:TSX.v ( $3.95) this last week with 60 brokers and analysts......their competion is Neptune NEPT:TSX
( $9.00).....
Who is PLTH's competition, certainly not Medmen!
Cant wait to hear them start talking about what they hve plan'd .....VGW has just raised $43M, building #1 is all in about $16M and building #2 when completed will be a $20M build out, able to process 1,000,000 kg's of bio mass
J 103 ( Extraction is a high margin business and is the next phase of POT) no mistake!