Planet 13 Holdings Inc. (CSE: PLTH) (OTC: PLNHF) stock looks to be a good long term investment for cannabis investors. As a vertically-integrated company in the emerging cannabis market, it’s strategically positioned for growth. Interestingly, it was quite recently that the stock really jumped on to the radar and the one spark that fanned the flame is its statistics on the Las Vegas Cannabis Entertainment Complex.
Planet 13 Holdings Inc. Price Analysis
Planet 13 Holdings Inc. is headquartered in Las Vegas, Nevada and as of the press time, the stock price is 2.10 USD.
Steady but Strong Planet 13
The company has been performing well with some strong growth in its first two quarters of 2018. The firm is mainly focused on providing an array of international award-winning marijuana products as well as providing an unparalleled dispensary experience.
To ensure that Planet 13 Holdings comes on top, it has taken significant steps, for instance, phase two planned expansions are already underway.
New Production Facility
In early November, Planet 13 launched its first phase of 112,000 sq. Ft. cannabis entertainment complex near Las Vegas and a 16,200 square foot dispensary. The retail dispensary is the largest and most advanced in the world.
Besides, there’s also
The new facility is meant to enable Planet 13 to meet the rapidly growing demand for TRENDI concentrate as well as vape lines. Also, it’s for addressing the overwhelming demand for the company’s Medizin line. In general, the entire Phase II expansion is expected to cost about US$6 million.
Mike Tyson Deal
The company also signed an agreement with the cannabis venture of Mike Tyson (former heavyweight champion), where it became an exclusive launch alliance of Tyson Ranch products in Nevada.
It means that Tyson Ranch products are available in its superstore shelves.
By the Numbers
As it was expected, after opening the mega superstore, the company recorded an impressive number of customers per day last month with a total of 1,962 at an average ticket of $89.62.
According to Co-CEO of Planet 13, the results were meeting the 2000 customers per day at an average ticket of $75 that they guided to during the opening of the superstore. It should be clear that it’s only 35% of the square footage that has already been built.
Therefore, more visibility is expected to continue growing once the phase II expansion is complete.
Besides, Planet 13 had $5.49 million in revenue from the cannabis entertainment complex in Las Vegas. It means that the superstore revenue has now grown almost 63.4% from November and 13.1% compounded monthly rate.
Moreover, the latest record is that the superstore saw over 6,000 visitors with almost 3,500 paying customers and an average ticket of US$91.11
PLNHF is simply an exciting play coming into the cannabis space. With the new TRENDI brand as well as the superstore in Las Vegas strip as a base and recording new results each day, Planet 13 is only getting better.
Undoubtedly, Planet 13 is primed for growth as well as ready for the new markets as legalization for cannabis in the US continues. For a serious cannabis investor, PLNHF looks to be a must-own.
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Disclosure: We have no position in PLNHF and have not been compensated for this article.
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County Line Energy (OTC: CYLC): This Hidden Gem Grows More Than Just Weed
County Line Energy Corp. (OTC: CYLC) could be the next pot stock to hit the JACK POT as the company aggressively carves out a household name for itself in the legal marijuana arena!
Many slang words have evolved over the years for marijuana, but it doesn’t matter what you call it.
What matters is that cannabis, Mary Jane, ganja, etc., has evolved into a colossal sector that is worth billions upon billions of dollars.
This is an industry that has created massive business opportunities and has provided health benefits to a slew of people who suffer from a range of disorders including depression, insomnia, pain, PTSD, and even serious diseases like cancer.
There is no doubt that legal marijuana is a boom to the economy, bringing salvation to states that are now able to generate massive revenue from taxes.
Colorado, one of the first states to legalize the drug, has money pouring in from its legal recreational marijuana sales. The state surpassed a whopping $1 billion in tax revenue this year since recreational use was legalized in 2014!
Support for legalizing the plant has also reached an all-time high in America according to the latest Gallup poll and every Democrat running for president in 2020 is now in favor of marijuana legislation on a federal level. Prohibition in America could be on its very last legs!
It has been estimated that 1/3rd of America’s marijuana is now grown inside according to motherjones.com. and this…
CBD-infused Coffee is taking the World by Storm and GenTech Holdings (OTC: GTEH) is Set to Capitalize on this Emerging New Trend…
There’s a new player in the high-end CBD food and drinks marketplace that is going widely undetected on Wall Street…
Trading at just pennies, GenTech Holdings (OTC: GTEH) may quickly become a leading household name in the fast-growing CBD arena!
Coffee… It’s more than just a drink it’s a way of life for many people and the latest craze is adding Cannabidiol (CBD) to it. CBD-infused coffee is popping up on menus across the globe.
Some may be surprised that it took this long for CBD-infused coffee to become relevant in the market considering the long list of health benefits that the marijuana component promises to offer.
CBD has become incredibly in demand due to its lack of intoxicating effects (NO THC!) and a possible lower potential for side effects next to many medicines out there.
All kinds of consumers, from athletes to even baby boomers, are recognizing CBD as a wellness product for ailments which include anxiety and chronic pain. CBD has also been used as a treatment for serious conditions such as cancer and epilepsy.
For the marijuana enthusiast who loves coffee, CBD-infused coffee is a brilliant and delicious invention.
Two Hands Corporation (OTC: TWOH) Has Discovered the Road to Massive Profits in Both the Legal CBD Arena and the App Industry!
Two Hands Corporation (OTC: TWOH) may soon be helping investors get one up on on the market as the stock emerges onto Wall Street’s radar…
There is no denying that some of the most successful companies trading on Wall Street are those that are involved in more than one thing.
Take for instance, Facebook and Amazon — two giants on Wall Street.
Amazon has been known for threatening many industries through competitive acquisitions and by creating new products and services. Facebook has branched out from only social media and now has ventures in artificial intelligence and even announced its own cryptocurrency recently!
Two Hands Corporation (OTC: TWOH) is following the cue of these blue-chip dynamos by establishing a presence in TWO massive markets!
Trading at only pennies, here is a company that has a legal CBD venture and two apps that may soon be downloaded by millions…
There may NEVER be a more opportunistic time to see what this company is doing!
Two Hands Corporation (OTC: TWOH) is an organic hemp-based CBD cultivator that strives to offer the highest quality CBD extract derivatives to be exported under Two Hands CBD Lab brand.
As an application development company, Two Hands Corporation (OTC: TWOH) has an app called “Two Hands,” launched in July of 2018, that is an ideal solution that will reduce the stress and worries of co-parenting. “
The company’s “Two Hands Gone” app allows…