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See you above $2 this week.....
Thank you for your shares.
Wrong.... Planet 13 will not dominate. Curaleaf, Verano and Cresco are serious players in this space. P13 does not compare to them.
Wait for the non vote to raise the A/S so they can continue to dilute shares in higher quantity?
Gonna be lit?
IMO
Wait until the FL vote for recreational use in November, kaboommm!!!
And if Safe Banking Act is passed, this company is going to eat everyone else in the cannabis space for breakfast!
time for a re-rating?
August 8th Quarterly Report should include the VidaCann merger numbers. Buckle your seat belts, the stock price is about to go sky high!!!
Oh no O/S now 325,163,800 75 million increase?
That's a terrible sign?
IMO
Excellent I totally appreciate your response
The big candle buy just now was me. I'm in!!!!!!!!!!
O/S up again 243,291,548 can't maintain a PPS when you are selling shares?
IMO
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."
When they moved their hdqtrs from British Columbia to Nevada, the "F," for foreign jurisdiction, was removed from their ticker symbol.
PLNHF changed to PLNH:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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.
Now is nothing till September the latest
Yes many ticker in weed sector will go bankruptcy..
PLNHF will survive.
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.
I own planet 13 since they went public. Got a large position here too.waiting on a sector bounce.when? Thats the question
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.
I've been following you m'man for 4yrs and I can't remember you being right once ... I'm just saying
Adding here ...
One that keeps rising?
IMO
This is a LOW number.
222,247,854
New O/S 222,247,854 PLNHF still burning through shares?
Not a success signal?
Dilution is dilution?
IMO
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.
Put in a nice bottom recently.
I am entering right here. About the same price as Organigram.
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.
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.
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.
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.
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.
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...
To this genre should we say cutting? lol
More dilution new O/S 221,533,438?
IMO
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
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.
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.
It's been downhill since day one of the Santa Ana, CA store opening. $PLNHF come on! Pick it up.
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