Planet 13 Holdings Inc (PLNH)

[nowwhat2]

Reports Nov. 24th after bell
https://irdirect.net/prviewer/release_only/id/4525478

Sector's sure been sizzling but then what HASN'T been ?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159655839

Good luck

[JohnCM]

Looks good here.

[JohnCM]

https://www.planet13holdings.com/wp-content/uploads/2020/10/corporate.presentation.october.pdf

[JohnCM]

What is PLNHF going to do with CASH infusion?

Planet 13 Prices Third Equity Offering Since June
October 19, 2020 at 5:23 pm
Published by NCV Newswire

Planet 13 Holdings Inc. Announces C$20 Million Bought Deal Public Offering

LAS VEGAS, Oct. 19, 2020 /CNW/ – Planet 13 Holdings Inc. (“Planet 13” or the “Company”) (CSE: PLTH) (OTCQB: PLNHF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by Canaccord Genuity Corp. (“Canaccord”) and Beacon Securities Limited and pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4,700,000 units (the “Units”) in the capital of the Company at a price of C$4.30 per Unit (the “Offering Price”) for aggregate gross proceeds to the Company of C$20,210,000 (the “Offering”).

Each Unit shall consist of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole warrant, a “Warrant”) of the Company. Each whole Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price per Common Share of C$5.80 for a period of 24 months from the Closing Date (as defined below).

The closing of the Offering is expected to occur on or about November 5, 2020 (the “Closing Date”) and is subject to the completion of formal documentation and receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange. The net proceeds from the Offering will be used for working capital and general corporate purposes.

The Company has granted the Underwriters an option (the “Over-Allotment Option”), exercisable, in whole or in part, by Canaccord, on behalf of the Underwriters, giving notice to the Company at any time and from time to time up to 30 days following the Closing Date, to purchase, or to find substituted purchasers for, up to an additional number of Units equal to 15% of the number of Units sold pursuant to the Offering at the Offering Price to cover over-allotments, if any, and for market stabilization purposes.

The Units to be issued under the Offering will be offered by way of a short form prospectus to be filed in all of the Provinces of Canada (except Quebec) and by private placement to eligible purchasers resident in jurisdictions other than Canada that are mutually agreed by the Company and Canaccord, provided that no prospectus filing or comparable obligation arises and the Company does not therefore become subject to continuous disclosure obligations in such jurisdiction.

The Units, Common Shares and Warrants being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (“U.S. Securities Act”) and may not be offered or sold in the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. The Units may be offered in the United States to Qualified Institutional Buyers (as defined in Rule 144A under the U.S. Securities Act) pursuant to exemptions from the registration requirements under rule 144A of the U.S. Securities Act. This news release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Separately, Northland Capital Markets has been engaged as financial advisor to the Company to provide financial advisory services in the United States. Northland Capital Markets is the trade name for certain capital markets and investment banking divisions of Northland Securities, Inc., Member FINRA and SIPC.

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 Securities Exchange (CSE) under the symbol PLTH and OTCQX under the symbol PLNHF.

[Nfixus]

Why Is Planet 13 Stock Outperforming The Broader Pot Sector?

https://pennystocks.news/why-is-planet-13-stock-outperforming-the-broader-pot-sector-plnhf/

[Bed Bath & Beyonce]

They wouldn’t have done at least three cash raises this year were it not for Santa Ana.

[ChuckD-MSB]

So they raised roughly 15 mil USD at $3.28 in USD. Hopefully 15 mil will get them thru the covid pain. No doubt the vegas tourism has been shut down for going on 10 months. I have been kicking myself for not getting in at a dollar a share when I first started watching them. Seems like a decent time to start a position imho?

[Bed Bath & Beyonce]

Is this in reference to the additional $20M CAD bought-deal financing announced today?

For a company that likes to PR itself as doing so well, they have done a lot of dilution.

Third or fourth cash raise this year?

Does that answer your question?

[JJT38]

How about now?

[Pennybuster]

Adding

[reaper8555]

Hey Starkd, whats going on over here? I this ticker on J channel.

[Bed Bath & Beyonce]

LOL.....no.

[Bed Bath & Beyonce]

PLNHF is down 25% in a month. Gee, how shocking.

[DrewStegman]

$PLNHF STOCK ANALYSIS - COULD PLANET 13 BE THE NEXT 1000% RUNNER?!

[starkd748]

The offering is dilution...

[St3ve085]

Guess my comment from yesterday got deleted. Here come the shorts again lol

[starkd748]

Lol dilution

[Bed Bath & Beyonce]

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

LAS VEGAS, Aug. 20, 2020 /CNW/ - Planet 13 Holdings Inc. ("Planet 13" or the "Company") (CSE: PLTH) (OTCQB: PLNHF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") co-led by Beacon Securities Limited ("Beacon") and Canaccord Genuity Corp. pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4,060,000 units (the "Units") in the capital of the Company at a price of $3.70 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of $15,022,000 (the "Offering"). (All figures are in Canadian dollars unless otherwise stated).

[Bed Bath & Beyonce]

PLNHF trading suspended at 3:14 today.

[starkd748]

Wow soaring

[Bed Bath & Beyonce]

Medezin is coming back....

...it has agreed to a settlement of its ongoing lawsuit against the Nevada Department of Taxation and other parties which subsequently joined the litigation (the "Settlement"). As part of the Settlement, Planet 13 is receiving one provisional adult-use dispensary license in unincorporated Clark County, Nevada (the "License"). The License will be used to re-open Planet 13's former dispensary located at 4850 Sunset Road in Las Vegas, Nevada that closed on October 30, 2018 (the "Medizin Dispensary").

Source

[brandao]

2.50

[Bed Bath & Beyonce]

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.

[starkd748]

Smart

[a false profit]

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.

[CannaZoid]

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.

[CannaZoid]

Almost back to my original buy! Nice work planeteers!

[PINKYXXX]

Go baby go makin bank

[Pacman82]

https://candlr.com/2020/05/21/planet-13-announces-acquisition-of-california-dispensary-license-and-close-of-santa-ana-acquisition/

[T-S-Elliot]

Agreed. Sigh. Fingers crossed there is a rebound in the horizon.

[Bed Bath & Beyonce]

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.

[Bed Bath & Beyonce]

Entire sector, including Planet, went up with the unexpected news of better financials from a Canadian LP.

[Pacman82]

Had a great open today with no news. Does anyone know why.

[T-S-Elliot]

Fingers-crossed. With delivery only I believe you are correct.

[Bed Bath & Beyonce]

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.

[T-S-Elliot]

Great analysis. Have sales improved this month with delivery?

[Bed Bath & Beyonce]

Somebody is dumping a lot of PLNHF shares today.

[Bed Bath & Beyonce]

What's your opinion on this article?

Look at PLNHF's investor presentations -- huge, and arguably sole, dependence on tourist revenue. The Strip is closed. P13's prices are not competitive at all with local shops off The Strip, they're insanely expensive and cater to those out-of-town folks who have no idea and who don't care about prices.

Planet is scrambling to get internal delivery up and running....more operational and logistics costs. Not to mention Vegas residents avoid The Strip, they're going to their neighborhood weed store for convenience and for a much better price. It's smart for Planet to deliver, but it's not going to be a replacement for tourist dollars. Not even close.

Here's the kicker....that Yahoo article talking about the grim financial outlook doesn't even mention Santa Ana or its costs. Getting Newtonian to take $4M less in cash is a good thing, but that $4M is now going to be paid in shares. Makes the debt look better, but dilution will hurt. The shares will be subject to a lock-up period, but they can start cashing in just under 500K of those shares starting this fall. Newtonian will get 492K shares unlocked every month for eight months after the mandatory four-month cool-down period.

That $4M in shares (3,940,932 to be exact) and $1M in cash is just for the license....operational costs in Santa Ana will be another thing. And expensive, even with the renegotiated lease.

Again, that article doesn't even mention Santa Ana, that's going to be a bigger drag on the fins.

Company has $13M in cash and the revs are going to take a huge hit. It's not going to be enough to fund delivery ramp-up, logistics and operations, the $800K due to Newtonian AND to pay the Santa Ana lease.

[a false profit]

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.

[u8cookies]

https://finance.yahoo.com/news/things-look-grim-planet-13-105249277.html


What's your opinion on this article?

[a false profit]

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.

[Pacman82]

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.

[manofIsle]

.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)

[Pacman82]

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.

[brandao]

Saved like 4 million in cash with new terms... either way chart looks good for a little pop

[alazymedic]

Santa Ana back on!

[Pacman82]

They have started negotiations again

[Bed Bath & Beyonce]

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.

[Bed Bath & Beyonce]

Planet announces 2019 and Q1 2020 Revenues in this press release..

[Bed Bath & Beyonce]

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.