Crunching some numbers. Suppose they receive the suggested 2000 visitors per day at their superstore. That's 730,000 people, suppose each one spends 60 bucks, thats 43,800,000 in revenues. Cut that in half by 50% for total profit and that's 21,900,000...this is being very conservative.
So I'm thinking like what if the number of visitors is double or triple the 2000 a day estimate being on the vegas strip? Or rather, If the number of visitors are doubled or tripled in online sale / delivary and pick-up? That number could easily double too 43,800,000 in total profits next year from the opening date? Especially if Nevada changes their current legislation into the city allowing licensed lounges where customers can buy product, and use it at the same time in house.
If the company doesn't dilute us too oblivion then there is some potential here I think for some awesome long term gains. Management holds 70% insider ownership, they wouldn't want to dilute themselves right? they want this thing too blow up so they can become billionaires. Our leadership has a strong political background which leads me to speculate on potential foresight on new legislation?
2000 visitors a day is just barely over 1% of the total 55 million annual visitors Vegas gets each year, The company has a lot of expansion available and have spoken about a brewery and coffee shops opening up as well. Nov 1st is the grand opening of the super store and they are beginning stock in october with i believe a little over 40 registers.
With Hemp bill potentially being legalized as well at the end of september, these guys will also be able to sell hemp based beverages and products that are available for in house use as well. That opens doors to lots of other ideas.
60,000 some hotel rooms will look directly over Planet 13 and everything is within walking distance or an easy cab ride.
I'm not trying to be a pumper, I'm throwing out some speculation and numbers using what they considered conservative regarding daily visitors. When you think about the amount of suppliers who will want their product on Planet 13's shelves, future partnerships and investors, the drink industry, the club atmosphere and amount of traffic in Vegas, future expansion, the ability to be cash flow positive soon, and the insane valuation on other weed companies... I just don't understand WHY this isn't getting any real attention or consideration, maybe because people are waiting to see if it's a success? I don't know, but I just see such huge potential short term, and long term into 2019/2020.
Just some thoughts, I AM a shareholder, but I'm a Long.
