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Guess my comment from yesterday got deleted. Here come the shorts again lol
What a coincidence the pumping videos come out over the past month, the PLNHF SP skyrockets, and then this bought deal financing news comes out: https://finance.yahoo.com/news/planet-13-holdings-inc-announces-200900857.html
PLNHF trading suspended at 3:14 today.
PLNHF finally did its inevitable cash raise.
Source
Not sure the $10M CAD ($7.4M USD) will be enough given they’re moving ahead with Santa Ana.
Next Q will show the COVID pain, then will get a better idea on how much more cash the company will need.
Vegas is open & sinners are aware of this.this had a good week last week,looking past last week it will probably do very well as far as the price per share goes.a decent $ volume spike last week.this operation only has 1 store.lol.
This thing is too hot. Meteoric rises like this seldom hold. I’ve been in the red for 6+ months. Gonna sell for some profit and get back in when this corrects. I’m not usually a trader, but got a feeling the air is gonna get let out of this balloon.
Almost back to my original buy! Nice work planeteers!
Agreed. Sigh. Fingers crossed there is a rebound in the horizon.
PLNHF’s numbers are going to look worse. It’s going to be another year or so before they even begin to recover a fraction of the Las Vegas losses. And it’s not just a matter of when the virus lockdowns get lifted, there are a lot of people with no disposable income, so it’s going to take awhile to get tourists back to Vegas.
They must be locked into an iron-clad contract with Newtonian and others with Santa Ana, because even with the renegotiations, there couldn’t be a worse time to be paying that kind of money and shares.
Entire sector, including Planet, went up with the unexpected news of better financials from a Canadian LP.
Fingers-crossed. With delivery only I believe you are correct.
Thanks.
I highly doubt there will be any monthlies or PRs coming out regarding sales anytime soon, they’re going to look super bleak compared to pre-virus numbers.
Great analysis. Have sales improved this month with delivery?
Somebody is dumping a lot of PLNHF shares today.
you're asking for an opinion from *no* one specific......I will answer either way.what I know is the virus that China created & exported to the *world* put a substantial dent in profitability to,well,almost everything.I think that 2019 was a decent year for Planet 13.based on foot traffic in the store,the majority of which was tourist traffic.I'm pretty sure the tourists that entered the store in the year 2019 had a *phenomenal* experience.I think that because Planet 13 IS the largest weed store on Planet Earth.do you think they mentioned it to anyone when they returned home to whatever country? A unique experience only found where? Las Vegas Nevada United States of America.The Disney Land of The Sacred Herb.Thank You.
https://finance.yahoo.com/news/things-look-grim-planet-13-105249277.html
What's your opinion on this article?
70 cents in 4 weeks? I'm gonna say one dollar & 70 cents in 4 weeks {$1.70}.this virus B.S. boosted the acceptance/popularity of the sacred herb & is officially deemed a "essential" substance.this *might* reveal a lot of reefer madness Deutsche Bags with a foot in their mouth.federal legalization will happen & then think about a P 13 placed close to Disney World AND Disney Land.1 in New York City.Planet 13 will survive & prosper.
What is your reason behind thinking it will drop to .70. The reason it dropped so fast in the first place what because of this bull crap virus. Now it showed a good balance sheet and also stated they are back on the table with the other store at a much better price. Navada is also one of the first states to start phase one back to life. So if you have a good reason for it to drop to .70 i would like to know so i can be ready.
.70 cents in 4 weeks. Reality will rule in the end. This mkt hype job is a fantasy created bye the administration and right wing media. Just the other day a convicted stock manipulator who has been busted bye sec adam feurenstein did the piece on gilead drug. Those 125 people were only folks who were not on a ventilator and who had no potential organ failure. A shameless pump and dump. Keep your money, for you and yours and be patient! .70 cents and when it hits that you will want to hesitate for sure)
I have been watching P13 for a while but just recently really started to watch it. I was playing around with HEMP Inc and decided to try something with a brighter future. The company is extreamly limited due to federal law but I really like how they are creating a store that everyone will want to model. They are setting the future for the high end market. I could see one of these stores in every major city in the future but i do not forsee hundreds of these. I would say maybe about 30 because it is set up for tourist. I think they should make a smaller model without all of the crazy cool stuff to look at for the local areas as well. What are everyones thoughts. I would have figures more people would be posting on this board.
Saved like 4 million in cash with new terms... either way chart looks good for a little pop
The company compared a lot of Q4 2019 numbers with Q4 2018.
What they don't say in yesterday's PR is how the Las Vegas store wasn't even open until November 1, 2018.
So the company is touting sales numbers from a three-month period in 2019 versus two months in 2018.
Planet announces 2019 and Q1 2020 Revenues in this press release..
With Vegas tourist dollars not coming in, It actually is good news PLNHF did not get Santa Ana -- $6M alone to get the license, then the tens of millions for buildout costs. And the buildout probably would not have begun for many months to come, but the company would have been on the hook for expenses.
Not good news... times are really bad with no end in sight and after this pandemics is over who knows how long it'll take for people to feel comfortable traveling and visiting tourist spots.
News out: Planet bails out of Santa Ana agreement.
Smart move. The new economic realities likely played a big role on both sides.
Planet needs to hunker down and weather the storm with Las Vegas Superstore.
Where is the Santa Ana license the company said was coming Q4 2019 or early Q1 2020?
Bad press will hit the air waves once all these businesses have been closed a week and start in on 2nd week etc, etc. I do buy into this hitting .50 cents but I didnt think so when I first saw that prediction days ago.
1. You did call it 2. I’m cool with this sucker going down to .50 and buyin mad shares for an easy double after this all settles
ON JANUARY 24 2020 #48 days ago I told you this would happen. So am I making up the rest!!
Go their and do the due diligence. The reef that is right on the strip is getting all the locals and tourist staying on the strip. If your not on the strip then your slumming it in vegas. As far as the numbers. Why would they give them up. Their not audited, their meaningless nonsense. Penny stock shlock mentality.
Why did PLNHF bring a plastic knife to a gun fight today? Nothing was going to stave off today’s market.
They are catering to tourists and people who are willing to spend $100 or atleast buy something as a souvenir I’m sure. Maybe if they had a smaller dispensary in Nevada prices would be dropped a bit.
LOL...."the kids" aren't going to Planet 13 to get their weed. P13 caters to tourists and is priced accordingly.
very nice post! refer to post #672.would you say the number given for *daily average* foot traffic is low? the twenty something's are spending money @ Reef,then get stoned & wander around in Planet 13 like lost Zombie's? If that IS true it doesn't seem to be hindering Planet 13's ability to *Stay In Business*.....Whattah Ya Think?!
Straight from planet associate. The kids buy their weed at the Reef and other local vegas weed shops as most is a little cheaper. Then in his words these stoner 20 somethings walk around planet for hours in their brain dead state of mind and spend nothing.
Hopefully after all this bullshit next week we bounce back to 1.90
The time to buy will be after Planet does the bought-deal financing to build out Santa Ana.
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