Planet 13 Holdings Inc (PLNH)

[Ubgood]

That toe joe guy is a scammer...beware of clowns like him

[BestFishes]

Planet 13 Reports Unaudited, Preliminary Fourth Quarter and Full Year 2023 Financial Results and Date for Full Earnings Release

LAS VEGAS, NV / ACCESSWIRE / February 27, 2024 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNH) ("Planet 13" or the "Company"), a leading vertically-integrated multi-state cannabis company, today announced its unaudited preliminary financial results for the fourth quarter and full year ended December 31, 2023. All financial information is provided in U.S. dollars unless otherwise indicated and is prepared under U.S. Generally Accepted Accounting Principles ("GAAP").

The Company will host a conference call on March 13, 2024, at 6:00 p.m. ET to discuss its fourth-quarter and year end financial results and provide investors with key business highlights, strategy, and outlook. The call will be chaired by Bob Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Dennis Logan, CFO.

CONFERENCE CALL DETAILS

Date: March 13, 2024, | Time: 6:00 p.m. ET
Participant Dial-in: Toll Free: 888-506-0062 or International: 973-528-0011. Access Code: 815562
Replay Dial-in: Toll Free: 877-481-4010 or International: 919-882-2331. Replay Passcode: 50013
Listen to webcast: Link

"Given the turbulence of the last few months, the challenging macroeconomic backdrop, and the continued cannabis price compression we are seeing, I am pleased to report a solid quarter. We generated solid revenue performance and positive Adjusted EBITDA, driven by gross margin expansion and strong cost controls. We continue to hold ~9% of Nevada's retail market share and top five brands in every category, demonstrating the strength of our Nevada operations and brand value," said Larry Scheffler, Co-CEO of Planet 13. "In spite of recent events, Planet 13 is generating positive Adjusted EBITDA and continues to have a strong balance sheet with over $17 million in cash and effectively no debt. We are well capitalized to continue executing our announced growth plan in Florida and Nevada."

"Towards the end of the quarter, we opened our new Illinois location and are working towards closing our acquisition of VidaCann and opening our consumption lounge at the Las Vegas SuperStore. These exciting additions are set to drive Planet 13's next leg of growth," said Bob Groesbeck, Co-CEO of Planet 13. "We've built an attractive portfolio of operations in highly sought-after states. As we look to 2024, our goal is to prepare for the exciting potential of adult use in Florida and increase our scale, efficiency and operating leverage in core states to drive growth in operating cashflow and shareholder value."

[theSauceman]

When they moved their hdqtrs from British Columbia to Nevada, the "F," for foreign jurisdiction, was removed from their ticker symbol.

[Faith007]

imo...PAID BASHER

[Renee]

PLNHF changed to PLNH:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[laraz5]

No changes in the O/S since June?

That's a positive?

IMO

[starman2]

https://www.politico.com/news/2023/08/30/marijuana-review-move-to-schedule-iii-00113493

[theSauceman]

https://www.cannabisbusinesstimes.com/news/planet-13-vidacann-acquisition-florida-agreement/#:~:text=The%20acquisition%20includes%2026%20dispensaries,state's%20medical%20cannabis%20retail%20market.

[theSauceman]

I hear they printed the stock certificates on zig-zag. No wonder they're going up in smoke. ...couldn't resist.... Seriously, I'm in too high (no pun), but believe it will roll up and pass around good numbers soon enough. I'll just have to be patient. $PLNHF$

STRICTLY MY HIT ON IT FOR MY ENTERAINMENT. NO EXPERTISE HERE. NO RECOMMENDATIONS OR ADVICE GIVEN OR ACKNOWLEDGED.

[mojo joyo]

Now is nothing till September the latest

[mojo joyo]

Yes many ticker in weed sector will go bankruptcy..
PLNHF will survive.

[BestFishes]

Action from Congress on banking, schedule 1 status, crackdown on the black market, or all out legalization will be the only reasons to get investors and speculators interested in the industry again, in my opinion. So sit tight, don't hold your breath, and don't bet more than you can afford to lose.

I think the next financial crisis/bank failures, black swan, 4th turning will be happening before any of the above, therefore I'm expecting a big drop in securities. So I'm stacking the piggy bank for a (hopefully) generational buying opportunity within my holdings/watchlists.

[mojo joyo]

I own planet 13 since they went public. Got a large position here too.waiting on a sector bounce.when? Thats the question

[BestFishes]

I have a big position in Planet 13. I love the debt free business they have built. However, I will say this is the dumbest freakin thing I've seen from them yet. Might just be perfect for weird Vegas though. I just hope business is good to be burning money like this...

Planet 13 Announces the Return of Cannabition, an Immersive Cannabis Experience Designed by Renowned Broadway Creative Director David Korins, Coming Soon to the Las Vegas SuperStore

LAS VEGAS, NV / ACCESSWIRE / June 29, 2023 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated multi-state cannabis company, today announced the return of Cannabition (headed by Keneh Ventures), a brand-new 12,000 square foot whimsical and visually breathtaking environment, tailor-made for cannabis enthusiasts seeking an awe-inspiring and "Instagrammable" experience.

[JohnCM]

I will go ahead and issue you a refund for 3 subscription years to my newsletter.

[redapple1]

I've been following you m'man for 4yrs and I can't remember you being right once ... I'm just saying

[JohnCM]

Adding here ...

[laraz5]

One that keeps rising?

IMO

[JohnCM]

This is a LOW number.

222,247,854

[laraz5]

New O/S 222,247,854 PLNHF still burning through shares?

Not a success signal?

Dilution is dilution?

IMO

[JohnCM]

"How does a company manage to accomplish a 92% loss in stock value in 23 months on positive pr?"

You can ask that of every single other Cannabis name. They have all been taken out to the shed. I believe this stock has found support along with the rest of the sector.

[theSauceman]

2 more months and another 15 cents off the pps. Now it's $7 to 0.55 since the Santa Ana, Ca Grand Opening. I hope y'all's speculation about a bottom is on target. Without a bounce soon, it's looking like sub-pennyland to me. How does a company manage to accomplish a 92% loss in stock value in 23 months on positive pr?

STRICTLY MY OPINION FOR MY OWN ENTERTAINMENT. NOT RECOMMENDED OR INTENDED FOR CONSIDERATION OR ACTION. YOUR OWN DUE DILIGENCE IS THE ONLY BASE YOU HAVE TO ACT ON. I IS ONLY A HI SKOOL GRAD.

[JohnCM]

Put in a nice bottom recently.

[JohnCM]

I am entering right here. About the same price as Organigram.

[JohnCM]

GOLD??

[BestFishes]

Yes. Many macro economic red flags are waving. Stock market bubble, US sovereign bond bubble, central bank induced inflation run smock worldwide, banks collapsing - which in asset value thus far 2023 bank collapses have surpassed ALL bank failure assets in 2008. Then we have this money laundering scheme/proxy war with USA and Russia, insane immigration policies allowing in the size of an average city every week with little to no vetting and then the government funded aid that goes along with it. Everything above is not getting any help from a silly culture war that is fueled nonstop by the media causing unrest in the streets.

I’m extremely nervous for all asset classes. Good luck to all.

[JohnCM]

financial crisis

???????????????

[ZigZag1]

I don’t think legalization with help 13. What would it change? They accept credit cards and cash, nothing will change other than 13 being able to have a big name bank account.

[BestFishes]

No weed stocks in the USA will move without either legalization or banking legislation. Shoot, just wait for the financial crisis to kick into high gear and see how badly they sell off.

[theSauceman]

Seven dollars to seventy cents since opening in Santa Ana, CA. Santa Ana Store opened on July 1, 2021. Begin of crash July 6, 2021. Even my upside is hard to bear. I was loving my cost average of three and a half dollars two years ago. How can money be so badly mismanaged? Maybe a little too much sampling going on? So much for fiduciary commitment. This thing is a bear.

STRICTLY MY OPINION FOR MY OWN ENTERTAINMENT. NO ADVICE NOW OR EVER. I'M NOT QUALIFIED.

[BestFishes]

I think the industry won’t make much of a move until there’s some federal banking or decriminalizing. However, to be in this industry during a high interest rate era, I’m more than happy to have a company with zero debt. Debt will end companies as their terms mature.

[trekkietechie]

How can they be failing this badly. No real SP movement in almost 4 months?

Take me back to the days of AMC reddit trading please...

[theSauceman]

To this genre should we say cutting? lol

[laraz5]

More dilution new O/S 221,533,438?

IMO

[laraz5]

New O/S 221,533,438 dilution continues?

IMO

[laraz5]

New O/S 220,470,061 added almost 400k?

Why are the diluting?

IMO

[laraz5]

220,146,277 O/S that's a O/S for Pinks?

Is planet just a mechanism for constant dilution?

How can they be failing this badly?

IMO

[starman2]

https://finance.yahoo.com/news/planet-13-announces-q2-2022-203000891.html

(shared via bit.ly/mystocksapp)

Q2 2022 revenue of $28.4 million, up 10.6% compared to Q1 2022

Q2 2022 net loss of $2.0 million, compared to net loss of $2.1 million in Q1 2022

Q2 2022 Adjusted EBITDA[1] of $3.0 million

Q2 Highlights and Recent Developments

On April 14, 2022, Planet 13 announced expansion of its Nevada cultivation to fuel in-house product growth.

On May 2, 2022, Planet 13 announced the launch of the TRENDI brand into California.

On May 4, 2022, Planet 13 announced the expansion of STIIIZY partnership with a new shop-in-shop at the Las Vegas SuperStore.

On May 10, 2022, Planet 13 announced it has entered into a lease for its second Florida dispensary location.

On June 9, 2022, Planet 13 announced it has entered into a lease for its third Florida dispensary location.

On July 5, 2022, Planet 13 announced it had closed on a Florida property for its cultivation and production campus.

On July 12, 2022, Planet 13 announced it had begun drafting an application to add a cannabis consumption lounge to its Las Vegas SuperStore.

On August 5, 2022, Planet 13 announced it had agreed to an option to purchase the remaining 51% ownership of Planet 13 Illinois.

[BestFishes]

They just had a pretty crappy Q2 report. I don't expect this thing to do anything special in the next couple of quarters unless there's major news. Business isn't exactly thriving at the moment.

[theSauceman]

It's been downhill since day one of the Santa Ana, CA store opening. $PLNHF come on! Pick it up.

[SpaceTimeRift777]

If 1.52 doesn't hold it's back to 1.20

Chart looks like that is probable

[help me]

We'll see I found this company interesting long term. Put it on my site.

Harold

[Buhlz_I]

If 1.80 doesn't hold then its 1.60 then back to 1.20

[help me]

Trying to hold. I put them on my site.

Harold

[Buhlz_I]

1.80

[help me]

Nice chart but short term overbought. Nice watching this one come off bottom. Now where is support?

[Buhlz_I]

Good post...maybe that's what's attributing to the significant uptick this week

[Prickly pete]

Recommend to buy hand over fist
https://www.fool.com/investing/2022/07/26/2-marijuana-stocks-to-buy-1-to-avoid-like-plague/

[tfarmer]

Unfortunately you were correct

[brandao]

I called this dropping back to $2 over a year ago and someone shit on me. I’ll be looking over their financials and growth plan maybe time to get back in. Although the democrats keep blocking weed bills because they are full of it. So tricky Sitch