Planet 13 Holdings Inc (PLNH)

[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.