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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 Jun 04, 2020 5:21pm
211 Views
Post# 31113780

Revenue Q2 2020

Revenue Q2 2020Based on online sales Mar 18-31, Q2 revenue will likely be under $10 million (roughly down about 50% from previous quarters).  Vegas is just starting backup but I do not see PLTH going back to over $5 million+/month in revenue until Q4.  I think this is headed below $2 when they report Q2 results unless they start publishing the monthly 'table' again showing revenue, receipts, and average receipt $ that shows June / July is ramping back up.  Perhaps news of their expansion will help keep this over $2 but pretty risky buy this week.  I still think this is a winner but until I see the streets full of people again it is not looking great.  The locals can only keep this running for so long.  I am still a Planet 13 believer long term but will wait a few months before throwing in more cash. 

Bullboard Posts