Planet 13 Holdings Inc (PLNH)

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Planet 13 Holdings
While Cresco Labs is working to get its pot products into hundreds of retail locations, Planet 13 Holdings (OTC:PLNHF) is opening its first store in the Golden State. But don't let that stop you from taking a look at its stock, because it's no ordinary store.

Planet 13's SuperStore in Las Vegas will span 112,000 square feet when completed. That's slightly bigger than the average Walmart. Beyond its massive size, Planet 13's SuperStore differentiates itself with a destination-type consumer experience. A sleek design; personalized service; and a huge selection of cannabis flowers, edibles, beverages, and concentrates have all proven popular with shoppers. In turn, Planet 13 has seen the number of people visiting its SuperStore and average spending per visitor rise sharply since it opened in November.

Planet 13 plans to bring this type of experience to California. In June, the company announced its intention to open a 40,000-square-foot cannabis store in Santa Ana. The new site is a 10-minute drive from Disneyland and only three miles from the South Coast Plaza mall, which hosts 24 million visitors a year.

If Planet 13 can replicate its Vegas-based SuperStore's success at this new location, investors who buy its stock today could be well rewarded.