Planet 13 Holdings Inc (PLNH)

[Bed Bath & Beyonce]

Company does need cash, but the company also said Q4 2019 or Q1 2020 for the license.....

On June 6, 2019 the Company announced that it had entered into a binding letter of intent to acquire a cannabis sales license and lease for a dispensary in Santa Ana California from Newtonian Principles, Inc. Planet 13 will pay Newtonian $6.0 million in cash and issue 2,039,808 Class A Restricted Shares (valued at $4.0 million at the time of entering into the LOI) upon receiving final state and local regulatory approvals to transfer the operating entity after Newtonian opens its dispensary. The work to enable the license transfer has begun and the Company has initiated the engineering and design work on the planned 40,000 square foot cannabis facility that it intends to build out after closing on the acquisition, currently expected to occur in Q4 2019 or early Q1 2020.

[manofIsle]

NO LIC YET IN CALI. THEY NEED TO RAISE MONEY WICH MEANS DILLUTION. AND ACCORDING TO PAST PRESS FROM 6 MONTHS AGO THEY WERE SUPPOSED TO HAVE LIC. AND FOLKS SAID SANTA ANNA WOULD BE OPEN BEFORE 2020. O SO FAR

[Bed Bath & Beyonce]

This crappy “article” and the other “articles” that have come out in the past week about PLNHF, tells me this is a pump and dump in progress for the necessary cash raise to build out Santa Ana.

[InsiderFinancial]

$PLNHF new article out this morning https://mjglobalreport.com/planet-13-holdings-inc-cnsxplth-otcmktsplnhf-buy-sell/

[ADVFN_sidvicious]

Read the Review Journal right after 4/20 it had all the results.......

[Bed Bath & Beyonce]

People invested in Planet only care about Planet, not how its financials compare to others.

Planet's revenues are flat, which should not have been a surprise to any given the monthly reports they issued.

The problem is also how the debt is increasing and the cash on hand is decreasing. They plan on getting the Santa Ana license sometime between now and the end of Q1 2020, and it's pretty clear they have the cash to complete the license transfer, but not to fund the building of the new store.

Wow i guess people aren’t happy with financials which weren’t bad at all. Compared to all the companies out there

[manofIsle]

The charts dont B.S planets got to retrace back to .70 Dig it....

[brandao]

Wow i guess people aren’t happy with financials which weren’t bad at all. Compared to all the companies out there

[BuyNHold7]

Recently was in Vegas for work and stopped by Planet 13. Nice facility but what really impressed me was the staff. From the front desk to the security guards to the budtenders, everyone was courteous, professional and had a customer-first mentality. Clearly they’ve trained their employees well. This is one of my few cannabis holdings because 1) they’re focusing on the brand and the customer experience and 2) I’ve always thought that if anyplace can monetize legal cannabis, it’s Vegas. If they can replicate the customer experience nationwide, this could be a big winner long-term.

[Bed Bath & Beyonce]

LOL, how can the license be revoked when the company has yet to receive it?

The work to enable the license transfer has begun and the Company has initiated the engineering and design work on the planned 40,000 square foot cannabis facility that it intends to build out after closing on the acquisition, currently expected to occur in Q4 2019 or early Q1 2020.

[kevindenver]

Took a position too.

You'll need to contact a broker with an Canadian desk to trade the warrants.

https://thecse.com/en/listings/life-sciences/planet-13-holdings-inc-warrants

[Bed Bath & Beyonce]

Revenue
Q1 2019: $13.8M
Q2 2019: $16.5M
Q3 2019: $16.7M

Net loss
Q1 2019: $1.42M
Q2 2019: $935K
Q3 2019: $1.72M

Debt
Q1 2019: $17.7M
Q2 2019: $22.3M
Q3 2019: $26M

Cash
Q1 2019: $19.5M
Q2 2019: $18.8M
Q3 2019: $13.6M

[Striker77]

Earnings are out

[StevenRisk]

Bought in today. Overall they look like they have a good chance of success. The new opening in April should help significantly.

I heard they have warrants. Could someone please give me the symbol.

Thank you.

[u8cookies]

It's hard to bash a company when they have numbers like these!!!

Planet 13 will release their 3rd Quarter Financial Results Nov. 25 (3 days) and their numbers will be “Huge”, just try and wrap your mind around these numbers.

3rd. Quarter (92 days)

Total Visitors – 318,778

Total Tickets – 181,529

Total Sales – $16,899,849.08

Yes… from my calculations that’s over $16.8 Million dollars in sales this quarter!

I would love to hear your thoughts about Planet 13. Thanks

Planet 13 Announces Release Date of Third Quarter 2019 Financial Results
LAS VEGAS, Nov. 13, 2019 /CNW/ - Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada cannabis company announces today that it plans to release its financial results for the third quarter ended September 30th, 2019 on Monday, November 25th, 2019 aftermarket.
Planet 13 Holdings will host a conference call on Tuesday, November 26th, 2019 at 8:30 a.m. EST to discuss its third quarter financial results and provide investors with key business highlights. The call will be chaired by Bob Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Dennis Logan, CFO.
CONFERENCE CALL DETAILS
Date: November 26th, 2019 | Time: 8:30 a.m. EST
Participant Dial-in: 416-764-8688 or 1-888-390-0546
Replay Dial-in: 416-764-8677 or 1-888-390-0541
(Available for 2 weeks)
Reference Number: 906344
Listen to webcast: https://bit.ly/2KaRzjm
https://planet13holdings.mediaroom.com/2019-11-05-Planet-13-Announces-Customer-Traffic-for-October-2019
EVENT.ON24.COM
Planet 13 Holdings Inc. - Third Quarter 2019 Results
EVENT.ON24.COM
Planet 13 Holdings Inc. - Third Quarter 2019 Results

[cartonet]

Green in a sea of red for weed plays.... company reporting Monday, guess shorts are covering in fear

[cartonet]

nonsense, they are serving close to 2,000 customers a day with an average sales ticket of $94.48 ( last month). No one in the industry is capable of handling that

[ADVFN_sidvicious]

I can tell you something that this company does completely wrong. I do not partake in any of this marijuana stuff however I do visit these places to see how they handle their business. I noticed something very peculiar when I visited this place because from the outside it is spectacular. What I noticed was the number of people who walked in and out without being handed off to a salesman/woman. On 420 I drove around town and looked at every single major dispensary to see what the interest was like and then there was a report in the local review journal and if you look at the size of this place and compared to some of the tiny places they suck for customers in and landed sales.... what’s crazy is they seem to have everything going for them but they have not adopted some of the other strategies I’ve seen where the other locations have close to a 100% closure rate.

[u8cookies]

manofIsle, that's ridiculous! Please show proof to back up your statement.

[manofIsle]

California lic revoked due to plhnf mob involvment....

[Rocketred]

earnings would be any better than last Q expect share price to be lower

[cartonet]

Lol

[Bed Bath & Beyonce]

PLNHF will report AH on Monday, November 25th. Conference call following morning.

Reporting and having call on US Thanksgiving week isn't a good sign.

[Bed Bath & Beyonce]

"Shorting jackasses" are nothing new to the sector or any company.

In fact, short volume on PLNHF has been rather thin in the past couple of weeks, averaging around 40%.

[cartonet]

Tell that to the jackasses that keep shorting lol

[Striker77]

I think we already seen the bottom two weeks ago....

[manofIsle]

Holidays. Yeah , vegas will be packed like when bugsy opened the flamingo on christmas....

[cartonet]

November and December will NOT decline.

CEO Bob Groesbeck claimed (see below conference) they are on track minimum for 65M (65-70M actually mentioned) revenues for 2019 so that makes Nov-Dec highest months ever at above 6M each month. (65M - 52.6M revenues up to October as disclosed on 1Q 2Q and monthly updates). Doesnt make much sense for revenues anyway to decline when traffic is going to increase just on the Phase 2 amenities now completed and a FULLY booked through end of year event space.

All of the above can be heard on this conference which just took place at 2:00 PM ET on October 30, 2019

2:00 - 2:30 PM ETCompany Name Logo
Planet 13 Holdings
OTCQX: PLNHF; CSE: PLTH
Bob Groesbeck, Chief Executive Officer

https://www.virtualinvestorconferences.com/login-registration

[manofIsle]

Nov and December will be a decline. Smart move))

[Bed Bath & Beyonce]

They should have said that in the PR, because in tandem with plateaued numbers it looks bad.

[cartonet]

They said from day one they would report monthly for just the 1st year, no surprises here.

[Bed Bath & Beyonce]

Planet monthly reports ending.

Source

Planet 13 has provided monthly traffic updates for the first year of operations. Going forward, Planet 13 will provide traffic updates as part of its quarterly Management Discussion and Analysis.

Not a surprise given how the numbers have been stagnant for many months now. Including the just-released numbers in the same aforementioned source.

Going to be interesting to see if this low $1.30s support holds.

[Bed Bath & Beyonce]

Planet targets tourists and charges a premium, their prices are not geared towards local regulars.

[Bed Bath & Beyonce]

That's Planet's bread and butter, drawing in the tourists.

Initial business plan budgeted for an average $75 ticket per converted, average ticket hovering around $90, which is good.

[manofIsle]

But having said that. After travelling from detroit to west coast and in between consumed with the retail side of weed. It has to be special, it has to be a Event! A reason to get out of your chair regardless if you like weed or not. Medman, curaleaf, crestco labs to name a few over looked the obvious!! Their rush at a high expense for mkt share with granted nice modern stores was their folly. Nobody is getting of their A$$ to go their! They need weed,buy it black mkt. BUT, with Planet 13 , well now, That's a Event!

[jump1]

I just got back from Vegas, this company will get bought out eventually, watched the sales that went on, and foot traffic was unbelievable. Stick to your plan.

[manofIsle]

Who would get into this stock before they turn the spigot off....I understand it has to be on. But again why would I buy a stock that has to dilute constantly? Cya in 6 months))

[manofIsle]

https://www.planet13holdings.com/investors/ from or their own web site. . Float is is 81 million. 8 months ago it was 59 million. 4 months ago it was 67 million. I use more than their web site for dillution info. I know dillution. It is my number 1 subject when I look at a stock......nothing else matters. Nothing

[cartonet]

Sept 2018 Fully Diluted shares were 117 M and PLTH was doing 4.9M in revenue per Quarter with loses

Nov 2019 Fully Diluted shares are 153M and PLTH is doing close to 18M in rev per quarter with cash flow positive operations and has finished Phase 2, increased wholesale capacity X10 and is about to embark on a new CA dispensary

So USD rev / share has gone from .167 to .47

There is no dilution here but the contrary

[manofIsle]

6 months ago the float was 59 million...price decrease is not manipulation buy a machine. Its dillution.

[manofIsle]

Float went up to 81.5 million vs the 67 million https://www.planet13holdings.com/investors/

[cartonet]

Planet 13 Production Facility Begins Operations

Canada NewsWire
LAS VEGAS, Nov. 1, 2019

LAS VEGAS, Nov. 1, 2019 /CNW/ - Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada based cannabis company, announced today that it has been granted final permits to begin production at its 15,000 square foot customer-facing production facility co-located at the Planet 13 Cannabis Entertainment Complex (the "SuperStore").

?

"Since we opened the SuperStore and began serving approximately 2,000 customers per day, we haven't been able to keep our inhouse brands in stock. Our new production facility will increase our production capacity by over ten times and help us to meet the demand. Currently, about 15% of SuperStore sales are Planet 13's in-house brands, we expect with the increase in production capacity to be able to capture a much larger share of SuperStore sales and expand into the wholesale market," said Bob Groesbeck, Co-CEO of Planet 13.
The Production Facility offers an immersive experience to customers, featuring 115 feet of windows where visitors can watch and learn what goes into the creation of individual products.  Interactive kiosks are available near the production viewing area to teach customers what goes into making their favourite product, offering Planet 13 a powerful branding opportunity.
The highly automated Production Facility utilizes robotics to lower costs and is capable of processing 600 lbs of plant biomass per day at full production, a throughput increase of approximately 1,300% from Planet 13's current production facility. The expansion allows Planet 13 to increase the production of its existing TRENDI and Leaf & Vine vape and concentrate lines and begin production of its two new edible lines, HaHa Gummies and Dreamland Chocolates along with its beverage line, Elysium. 
About Planet 13
Planet 13 (www.planet13holdings.com) is a vertically integrated cannabis company based in Nevada, with award-winning cultivation, production and dispensary operations in Las Vegas - the entertainment capital of the world. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products. Planet 13's shares trade on the Canadian Stock Exchange (CSE) under the symbol PLTH and OTCQX under the symbol PLNHF.

[manofIsle]

SATURATION, GROUND NOT BROKE IN LA. THE REEF PUTTING ANOTHER STORE IN VEGAS....NEW PRICE WITH THE COMMING DILLUTION.......1 THIN DIME. CHEERS

[manofIsle]

Wake up, The Reef is.putting up another store in Vegas. Their Nice! I have been to flagship store in vegas. I see Saturation!! And huge black mkt. Curaleaf, planet 13 will get cut in half . It's far from over...

[manofIsle]

End of the year for all the obvious reasons . $1.25

[Bed Bath & Beyonce]

Company needs to do some kind of splashy PR if the factory does open next week to stop the SP bleeding....and even that’s not a guarantee.

The 50 and 200 lines just crossed on the monthly chart, and that’s likely scared away those who trade strictly on technicals.

Next support level is low $1.30s.

[cartonet]

Restaurant and cafe are open since yesterday. Factory will follow next week

https://www.8newsnow.com/news/local-news/planet-13-dispensary-opens-24-7-restaurant-and-cafe/

[manofIsle]

YOU CAN GET IN CHEAP WHEN THEY RAISE MONEY TO BUILD 40,000 SQ FT CALI SHOP. THEY HAD 19 MILL AT END OF Q2 THEY OWE 7 MILL FOR CALI LICENSE THAT LEAVES THEM WITH 10 MILL GIVE OR TAKE, THEY HAVE NOT BROKEN GROUND YET. THE EXPERTS. ALPHA AND MOTLEY SAYS THEY WILL BE DILLUTING TO RAISE MONEY. NO BRAINER AND JUSTIFIED

[Chrism0000]

I hope so love to get in cheap. :)

[manofIsle]

California site has not even broken ground yet......your looking at a .86 stock in 3 months. Cheers