Planet 13 Holdings Inc (PLNH)

[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.