Outlook for Planet 13 Holdings Inc Is Bullish
Planet 13 Holdings Inc (OTCMKTS:PLNHF, CNSX:PLTH) is one of the most interesting pot stocks out there. In Las Vegas, the company owns the world’s largest marijuana dispensary, and in California, it is working on opening the world’s second-largest dispensary.
At its Las Vegas “Cannabis Entertainment Complex,” which is bigger than the average “Walmart” store, Planet 13 attracts shoppers who spend a lot of money.
The popularity of the “Walmart of cannabis” is one big reason why the company reported triple-digit third-quarter revenue growth; yet another quarter of positive earnings before interest, tax, depreciation, and amortization (EBITDA); and positive cash flow.
The U.S. cannabis industry is in its infancy, and Planet 13 is at the beginning of its growth potential.
Planet 13 stock is up about 35% in 2019 and its long-term outlook remains bullish.
PLNHF Stock Overview
Planet 13 Holdings is a seed-to-dale cannabis company that owns the largest legal marijuana dispensary in the world, comprising 112,000 square feet. (Source: “About,” Planet 13 Holdings Inc, last accessed November 26, 2019.)
At Planet 13’s Cannabis Entertainment Complex in Las Vegas, customers can purchase the company’s expanding portfolio of branded products, including “TRENDI” and “Leaf & Vine.”
The Planet 13 Cannabis Entertainment Complex also includes a coffee shop, pizzeria, and event space. The coffee shop and pizzeria can entertain up to 150 customers at a time.
The company’s Las Vegas location is responsible for nine percent of Nevada’s legal cannabis sales.
Planet 13 recently opened Phase II of its Las Vegas dispensary, received final permits to begin production at its production facility attached to the Las Vegas location, and is moving forward with a license acquisition in Santa Ana, California.
PLNHF Stock Information
Market Cap $201.2 Million 52-Week Change