Planet 13 Holdings Inc (PLNH)

[u8cookies]

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.

[Bed Bath & Beyonce]

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.

[Bed Bath & Beyonce]

Where is the Santa Ana license the company said was coming Q4 2019 or early Q1 2020?

[Dankshydro]

I jumped in today.

[manofIsle]

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.

[brandao]

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

[manofIsle]

ON JANUARY 24 2020 #48 days ago I told you this would happen. So am I making up the rest!!

[manofIsle]

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.

[Bed Bath & Beyonce]

Why did PLNHF bring a plastic knife to a gun fight today? Nothing was going to stave off today’s market.

....today announced it served an average of ~2,200 customers per day in February while maintaining an average ticket of ~$100.00.

Source

What’s the “news” here? I thought the company was going to cease these monthly updates.

Plus, where is that Santa Ana license that was supposed to happen by early Q1 2020?

[brandao]

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.

[Bed Bath & Beyonce]

LOL...."the kids" aren't going to Planet 13 to get their weed. P13 caters to tourists and is priced accordingly.

[a false profit]

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?!

[manofIsle]

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.

[brandao]

Hopefully after all this bullshit next week we bounce back to 1.90

[Bed Bath & Beyonce]

The time to buy will be after Planet does the bought-deal financing to build out Santa Ana.

[Chrism0000]

Lets see 2 years from now what happens.

[manofIsle]

Cbd shop in planet.13. Cbd is dead! Over. The hemp farmers are taking a beating.how the bio mass piles up. Go to any pure.cbd shop. Check out.the CBd in gas.stations etc. Ask the employees if cbd sells. It's over! It did sell for a few months in early 2019 . I bought it. A aspirin is pure gold compared to cbd.

[Bed Bath & Beyonce]

I would bet the same guy on YouTube who bought 10,000 PLNHF shares yesterday is the exact same guy who sold 10,000 PLNHF shares four seconds before the market closed today.

30% profit in one day, not bad.

[brandao]

Climb to $2 before days over?

[Bed Bath & Beyonce]

I think you hit the nail on the head, it's definitely a pump video.

The guy has 400K subscribers, but has less than 38K views. Definitely enough to have caused the jump today. The video didn't have anything to do with yesterday's jump because it was clearly published after the end of the trading day as the video shows yesterday's closing PLNHF SP.

The video is 17 minutes long and just has screen grabs of the latest PLNHF investor deck, along with added iPad drawings over numbers.

The bad: he quotes PLNHF gross revenues instead of net, plus doesn't mention the costs coming to build out Santa Ana.

The video might help Planet get a better bought deal financing arrangement to pay for Santa Ana, but in the near future shorts are going to feast on PLNHF.

[Bed Bath & Beyonce]

dosist made its own PR about being inside Planet today. Even though it's really the same news Planet announced a month ago, insiders may have leaked some information and caused the jump yesterday.

[brandao]

I mean it’s being doing the same movement every couple months

[Cetti 0327]

My guess why Planet 13 broke out is because a YouTube Stock invester took notice to Planet 13 And bought 10,000 shares And shared it with the Community in his Youtube video of which has a over 400,000 followers And plenty of people saw his Video.

[brandao]

Let’s goooo

[brandao]

No idea why this is trading down here. Ebitda positive not trying to take on to much by diluting and jumping into 7 different states at once... perfect plan

[a false profit]

my guess is some peeps are establishing a position to be ready for earnings report?

[CannaZoid]

What’s up with the breakout? Any news?

[manofIsle]

Moving to slow. They are getting.passed up in investor interest as well as future customers. A junior.miner for life is what the vision looks like to me. Or I should say the vision the ceo is giving.off...

[a false profit]

consider this.....the *only* thing Trump has to do to solidify a 2nd term is what? yes you know,do what is needed to set the sacred herb free from federal prison.you know it.do you know what will happen to this ticker when that happens? I think you do.think about 1 or 2 billion $ market cap.cannabis is the new beer,wine & liquor.

[brandao]

Trading tight .. cali news, other expansion news or general legalization news should send this back past $2

[a false profit]

yes growing a retail business is time & $ consuming.building store #2.at least they will be producing some sacred herb.cannabis stores/brands are plentiful.Medmen,Starbuds,Diego Pellicer,Choom,Planet 13 and there are many more.quality management will separate the losers apart from the one's that will be running commercials on television in the future.I don't think Medmen will survive.I do think clever names for store chains/brands can make or break these cannabis companies.another negative for Medmen.Starbuds has already cleared the static with Starbucks.at least one of these brands/companies will be global.

[Bed Bath & Beyonce]

Coronavirus has nothing to do with Planet.

The cost of the Santa Ana license and building of the facility will have a bigger impact on the PLNHF SP in the short-term.

[a false profit]

money will still be spent in Las Vegas.Planet 13 claims around 695,000 customers spent around $90.00 per average purchase in 2019.that is $62,550,000.00 .that is around 1,900 customers per day on a 365 day calendar.the corona virus *might* take that number to 1,600 customers per day in the year 2020.even 1,600 people entering a store every single day of the week in a calendar year is somewhat impressive.imagine what that number could turn into.when the blue collar safety sensitive workforce is no longer subjected to drug tests looking for THC,the amount of money spent in this store listed in this post will most likely double.either way it seems like Planet 13 doesn't really have any problem selling their products.

[Bed Bath & Beyonce]

China virus is killing travel to las vegas as well as Disney world...

Really? What are the numbers?

[manofIsle]

China virus is killing travel to las vegas as well as Disney world...

[brandao]

Getting super tight .... give us some good news

[brandao]

Definitely a positive that with just one site they are able to expand so much and continue to improve revenues.

[Bed Bath & Beyonce]

The company previously stated it was going to suspend monthly updates. So when it provides another one, it reeks of desperation.

Average tickets are up, which is good. But the rest makes it sound like the traffic is slowing down even more. And when you have fewer people coming in, it’s easier to increase the average ticket (on top of already disclosing how they increased prices).

Come to think of it, are they using restaurant revenue to goose that average ticket number?

Smart of them to let people know they’re watching the SP like everyone else, but the overall feel (including the overdue Santa Ana license) is that they needed to do this to stave off deeper than the -30% SP drop in the past six weeks.

[Bed Bath & Beyonce]

Company said it was going to acquire that Santa Ana license in Q4 2019 or early Q1 2020. Why hasn’t there been any news or progress on this?

[manofIsle]

Chinese bubonic plague . Will it affect biz in vegas?

[brandao]

Should bounce from here to $2

[Bed Bath & Beyonce]

dosist opens up shop inside Planet Superstore in Vegas.

Doubt this moves the needle much, but it’s some additional revenue.

[brandao]

Let’s get to all time highs before March

[mojo joyo]

I been a buyer here for a while.let the soft hands sell.I'm long here.

[manofIsle]

FORBES: ON WEED PRICE COMPRESSION https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/stephenmcbride1/2019/08/30/the-reason-pot-stocks-will-never-recover/amp/?amp_js_v=a2&_gsa=1&usqp=mq331AQCKAE%3D#aoh=15786936264701&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fstephenmcbride1%2F2019%2F08%2F30%2Fthe-reason-pot-stocks-will-never-recover%2F

[manofIsle]

Cali projection is after the high tide for dis world. Q3. Back to 1.40

[Bed Bath & Beyonce]

Nobody is buying into the hype the company tried to generate today with today’s PR. Ouch.

[Bed Bath & Beyonce]

Company has $18M in cash, $26M in debt, $9M in quarterly operational costs (prior to restaurant opening, so it's likely more now) and operated at a net loss of $1.72M last quarter.

Those aren't horrible numbers, but it raises the question: How is the company going to fund the license purchase of $6M and the Santa Ana buildout? The company has said it expects to get the license by early Q1 2020.

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.

Cash raise coming.

[brandao]

Lol smooth move you sold after months of decline and the chart coming out of a downward trend ?

[Striker77]

Wow, that was not a smart move.