Planet 13 Holdings Inc (PLNH)

[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

[Bed Bath & Beyonce]

Café and Bar "Set To Open"

Planet PR today

So they got the local permits? The article doesn't mention when they will be open. They've said October 1 (end of Q3) and then October 15. Either going to be even later than today or it's sloppy PR work by leaving out details on something the company has been talking about for quite awhile now.

[brandao]

True... i don’t like it... i think Chicago or Boston would be better

[manofIsle]

Charts dont lie, back to $1.00 like 7 months ago when their was less dillution to mature. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=Plnhf&insttype=&freq=&show=

[manofIsle]

California is a bust state, just ask medmen. That's were they have the most stores. Mkt is saturated with stores how the state has the biggest saturation of black market weed. Everybody and their brother is growing and selling weed and the penalty of doing it is a joke wich it should be....

[brandao]

I never once said i was any better than seeking alpha. You’re creating a whole new argumen. I don’t disagree with them saying they might need more funding for cali and the Cali dispensary really needs to do wel to prove their worth. But i mean you don’t need to be an analyst to figure that one out.

[Bed Bath & Beyonce]

Seeking alpha is just a random guys take on the situation....

Uh, how is that different from IHub?

they also at one point said planet 13 was a bad investment when it was .90 cents soooo they are quick to change their tone when things are bad / good.

Again, nothing different really.

Still a good investment at these prices. ESP since all other weed plays have dropped like 80% in the last 5 months and this has gone down like 20%

PLNHF is down 38% from six months ago. Yes, better than “like 80%,” but not “like 20%” either.

I agree PLNHF has a lot of potential, but there were some accurate information in that SA article that shouldn’t just be ignored. Heck, they didn’t even mention ALL of the headwinds PLNHF faces.

[u8cookies]

insert-text-here

[brandao]

Seeking alpha is just a random guys take on the situation.... they also at one point said planet 13 was a bad investment when it was .90 cents soooo they are quick to change their tone when things are bad / good.

Still a good investment at these prices. ESP since all other weed plays have dropped like 80% in the last 5 months and this has gone down like 20%

[manofIsle]

Dillution is comming, todays article. https://www.google.com/amp/s/seekingalpha.com/amp/article/4296627-planet-13-eyes-california-expansion#ampshare=https://seekingalpha.com/article/4296627-planet-13-eyes-california-expansion

[manofIsle]

THEY SHUT DOWN BLACK MKT WEED STORES IN CALI AND THEY OPEN RIGHT BACK UP. WHY IS PLANET FKING GOING INTO CA. https://www.google.com/amp/s/www.cnbc.com/amp/2019/07/11/las-black-market-for-weed-threatens-the-growth-of-its-legal-business.html#ampshare=https://www.cnbc.com/2019/07/11/las-black-market-for-weed-threatens-the-growth-of-its-legal-business.html

[Irie9]

So you think it’s worth 2:1 p/s for 2019? Nope.

[manofIsle]

ITS TO EARLY, DILLUTION IS COMMING! SIT BACK , SHUT UP, AND GO BALLS TO THE WALL AT A BUCK!!, CHEERS

[Irie9]

Consumption lounge is a tiny drop in the bucket bro. Not a big deal at all. They def don’t need any financing for Santa Ana, as they’ve already stated. They are about to dramatically increase their wholesale ability going from a 2k sq ftt production facility to 15k. WHolesale numbers should be huge going forward. And watch for them getting a second license in Nevada to re open their Medizin shop they still hold the lease to. Another avenue for their in house brands.

[Bed Bath & Beyonce]

I do believe in PLNHF, but I think they’re going to need more bought-deal financing to build out Santa Ana.

The consumption room moratorium was a blow to how high this thing will go in the next couple of years.

Vegas Casinos will likely grease the NV politicians to allow them to build cannabis consumption rooms, so that makes the hill a little steeper for Planet. Still think this company is a nice one to get back in to again.....in due time.

[deswag]

I hesitated here (along w Medicine Man) at the start of the year and watched both of them both go parabolic lol.

Thems the breaks sometimes I guess.

I did manage to buy chunks of CWBHF from $8.9’s all the way up to $10 so all wasn’t lost.

I appreciate the insights. This one’s been hanging tough (with regard to most others) in this downturn.

But I have no problem being patient.

[Bed Bath & Beyonce]

I think you’ll get it. I bought PLNHF awhile ago and took my profits before it fell again. I’m waiting for a similar re-entry point as yours.

The plateauing monthly numbers then the two-year consumption lounge moratorium put in by the NV gubmint told me headwinds are coming.

[Irie9]

Lol. Not going to happen. Phase 2 opening in the coming weeks. 1.50 will be the low where I’ll buy a ton

[deswag]

Thanks. Yea I’ve had my eye on $1.35 as a scale in point and then wait and see.

The sector really needs some good Q3 reports (obviously).

Valens is reporting soon and they’ll have good numbers but that alone won’t be enough. We need a group effort here!

[Bed Bath & Beyonce]

The news of two Canadian cannabis growers issuing some really bad news is killing the sector today, including Planet.

This additional weight on the sector is going to test Planet’s $1.65 support level. It held today when the PLNHF SP dipped to $1.63 and popped back up to $1.66.

If the $1.65 support breaks, next support for PLNHF is of moderate level around $1.31. If that breaks, it’ll be a fast-track to 90 cents.

A lot of companies will be reporting in the next four weeks. They are completely out of Planet’s, well, orbit....but will weigh down the entire sector, and the PLNHF SP will probably be dragged down as well.

[deswag]

Well sh!t...she just won’t come down to my preferred entry point lol.

All things considered in the sector this one seems to be pretty strong.

[cartonet]

U got it right.... safest weed stock out there

[u8cookies]

Phase II Grand Opening! Set to open this week Oct. 11 - 15 and will include "A State Of The Art":

1) Restaurant

2) Café

3) Event Center

4) 15,000 sq. ft. Customer Window View of Planet 13's Working Production Facility.

Planet 13 is the Largest Dispensary/Entertainment Complex in the "WORLD" serving 101,228 customers in the month of September with sale tickets of $5,597,690.43 Yes...you heard right, over 5 1/2 million dollars in sales in one month (September).

I can't imagine how much more income they'll be bring in next week when the Restaurant, Café, and Event Center are open!!!

Do your own DD!!! In my opinion this stock is flying under the radar!!! GL!

[u8cookies]

Planet 13 is the Largest Dispensary/Entertainment Complex in the world!

I feel it's a no brainer to buy!!!

While most dispensaries are struggling to keep their doors open with only a few hundred customers per day.
Try wrapping your head around Planet 13’s numbers for last month - September 2019 (30 days.)

Planet 13’s Customer Traffic for September 2019

Total visitors in Sept. 101,228 visitors.

Avg. daily visitors. 3,374

Customer Ticket Receipts

Total receipts in Sept. 59,091

Avg. ticket price. $94.73

Total ticket sales in Sept. $5,597,690.43

Yes…. Over 5 ½ million dollars in sales last month!!!

Phase II is set to open next week and includes a:
Restaurant
Café
Event Center
Customer Viewing - 15,000 sq. ft. Production Facility.


Coming soon - "Cannabition Cannabis Museum" ("Cannabition") has entered into a lease with Planet 13 to be part of the Las Vegas Cannabis Entertainment Complex (the "SuperStore"). GL!

[cartonet]

So in 10 days we be rocking with the restaurant and factory and white label opportunities and wholesale distribution leveraging the already Nevada 10% overall market window Planet13 is....Then you got Cali bringing in 30/40M in sales, before you know it next year we will have quarters at a yearly/ USD 140M rate or so. About one USD buck per share or 1.33 per CAD with 60% gross margins, great balance sheet and attractive take over position, good luck seeing that still at 2.23 cause retards throwing the baby with te bath water, at very least PLTH is worth 4Xsales in typical CPG companies valuation (Starbucks) so fair value at 5.32 and above. Dont listen to fools people

[u8cookies]

Yahoo Finance- Planet 13 Announces Customer Traffic for September 2019 and Provides Update on Phase II Expansion

https://finance.yahoo.com/news/planet-13-announces-customer-traffic-104500698.html

[cartonet]

5 Top Small-Cap Marijuana Stocks to Buy for the Long Term
These under-the-radar pot stocks could run circles around their larger peers.

Sean Williams
Sep 9, 2019 at 8:00AM

When investors look back on the cannabis industry a decade from now, they're liable to find one of the fastest growth trends on the planet. Depending on your preferred Wall Street source, legal marijuana sales could hit between $50 billion and $200 billion annually 10 years from now.

However, it may not be the best-known mid-cap cannabis stocks that lead the charge higher. Instead, I believe small-cap marijuana stocks with unique business models are poised to outperform their larger counterparts over the long run. Here are five small-cap cannabis stocks you can consider buying right now that should outperform the best-known pot stocks.

A handful of dried cannabis buds lying atop a messy pile of cash.
IMAGE SOURCE: GETTY IMAGES.

Planet 13 Holdings
Arguably the most intriguing small-cap of the bunch is vertically integrated dispensary operator Planet 13 Holdings (OTC:PLNHF), which is headquartered in Las Vegas, Nevada. Unlike most dispensary operators, which are opening as many grow farms, processing sites, and retail locations in legal U.S. states, Planet 13 is focused solely on making its stores a must-see for cannabis consumers and enthusiasts.

Just west of the Las Vegas Strip, Planet 13's SuperStore is slated to be the largest marijuana retail store in the world at 112,000 square feet. For context, that's larger than the typical Walmart. Aside from a huge selection of dried cannabis product and derivatives, the SuperStore will also host an events center, pizzeria, coffee shop, and consumer-facing processing center. Since opening in November, the Planet 13 SuperStore has seen its average daily visitor count more than double, with the average ticket for paying customers rising by about $12. There's simply no other dispensary operator that can provide the experience that Planet 13 can.

Additionally, Planet 13 has done an admirable job of incorporating self-pay kiosks into its SuperStore to improve checkout speed (allthough consumers still need to wait for budtenders to package their product), and has an immaculate store layout that's designed to drive high-margin sales. With Planet 13 being incredibly transparent with its monthly sale reports, and operating in a state that's expected to lead all others in per-capita cannabis spending by 2024, Planet 13 looks like a good bet to outperform.

[cartonet]

https://www.planet13holdings.com/wp-content/uploads/2019/08/Planet13-Sept19.pdf

[cartonet]

dude do you even understand what is CURRENT in a balance sheet as opposed to NON-CURRENT? 30M in CURRENT assets 11M in CURRENT liabilities so excess 19M give or take with 13M warrants at 1.40 due early 2020 6M for Cali build out only listen to the damn CCs

wheres the debt you speak about? uuhhh u must refer to the wooping 800K in notes right?

Current Liabilities
Accounts payable 3,231,142 $ 1, $ 720,721
Accrued expenses 1,562,390 1, 306,145
Income taxes payable 6,036,908 2, 187,109
Notes payable - current portion (Note 10) 884,000 884,000
Current portion of lease liabilities (Note 11) - 14,459
Total Current Liabilities 11,714,440 6, 112,434

20M in cash 6M in inventories 11M in taxes and accounts payable

cash flow positive Cash flow provided by (used in) operating activities 2,837,755

no raise needed

[Bed Bath & Beyonce]

Are you short?

Nope, have never shorted any stock.

0 debt in its books

Not true.

30M in current assets

It's actually $63M

11M in current liabilities.

It's actually $22M

Cash Flow positive

Uuuuuuhhhhh, if you squint maybe.

Phase2 paid for

Phase II hasn't even opened yet (October 15th), how do you get that?

Capex for Cali opening 6M

$6M cash, plus $4M more in restricted shares. That's just for the license from Newtonian. They're building a 40,000 sqft. facility, which is currently in the design stage and will begin upon approvals and final acquisition. That's going to cost additional money.

This is a good company and I am optimistic in its long-term viability, but the monthly sales numbers in Vegas hit a plateau and they're raising already expensive prices to goose average ticket sales. The consumption room moratorium was a major blow to immediate, significant growth.

Yes, when Phase II opens it will bring additional revenue. Q3 2019 numbers are going to be good YoY (because the superstore wasn't even opened yet), but stagnant compared to Q2 2019.

Cash raise coming.

[cartonet]

Are you short?

Nothing but nonsense. 0 debt in its books. 30M in current assets vs. 11M in current liabilities.Cash Flow positive.Phase2 paid for.Capex for Cali opening 6M
.
.

[cartonet]

BS.No raise

[Bed Bath & Beyonce]

New monthly numbers are out.

The numbers have plateaued.

Average ticket prices up because they jacked up prices.....

"We have been experimenting with different combinations of pricing, product deals, and advertising to determine the optimal mix to maximize gross profit. You can see this effect in September resulting in a significant pickup in average ticket and our second highest average daily revenue month."

Not good.

That consumption room moratorium is really hurting right now.

[Bed Bath & Beyonce]

Tell me when during the call they say everything is “fully funded” and I’ll listen to it. Neither the PR or the SEDAR MD&A say everything is fully funded.

The company says it has $20M cash on hand as of the end of Q2 2019 (that’s three months ago). $7.1M in operating expenses in Q2 2019 alone and debt of $22M.

That’s not enough to fund current operations, finish the Phase II buildout AND build Santa Ana.

The monthly sales numbers were starting to plateau entering Q3 (Vegas tourist off-season). Sales will likely be relatively flat from Q2 to Q3.

They’re going to have to do a cash raise in order to fully build everything out.

[Irie9]

Listen to the last conference call. Fully funded. Once the production facility is up they’ll be selling white label all over Nevada. I’m anxious to see if they get another Nevada dispensary license

[Bed Bath & Beyonce]

The buildout is pretty much done and already paid for. And they already are fully funded with Cali expansion....

Where does the company say this?

[brandao]

The buildout is pretty much done and already paid for. And they already are fully funded with Cali expansion.... one of the best cannabis stocks when it comes to money so that’s all false. However they did miss their grand opening deadline for phase 2. And they probably will need funding for further expansion to a third state but they are a cash cow so I’m sure they’ll be okay

[Bed Bath & Beyonce]

By their own PR, Phase II was supposed to have been completed yesterday, the end of Q3.

Wouldn't touch these guys right now, as they are going to need cash to pay for the Vegas buildout and more for Santa Ana. They're going to need to raise more cash soon.

The consumption room moratorium will also start hurting in the coming financials, as the monthly sales numbers were already starting to plateau in the summer.

[brandao]

When are these turds coming out with phase 2 opening news

[JohnCM]

Visited the store recently. Good experience.

[u8cookies]

Planet 13 Announces Record Second Quarter 2019 Financial Results - Responsible for ~10% of Nevada's Cannabis Dispensary Sales

Great Q2 everyone!!! I hope you can catch the conference call Friday morning. Info posted below. Good Luck!

CONFERENCE CALL DETAILS

Date: August 30 st, 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: 896749

Listen to webcast: https://bit.ly/2KslYdw

https://finance.yahoo.com/news/planet-13-announces-record-second-213000133.html