Replies to post #716 on Planet 13 Holdings Inc (PLNH)

[a false profit]

you're asking for an opinion from *no* one specific......I will answer either way.what I know is the virus that China created & exported to the *world* put a substantial dent in profitability to,well,almost everything.I think that 2019 was a decent year for Planet 13.based on foot traffic in the store,the majority of which was tourist traffic.I'm pretty sure the tourists that entered the store in the year 2019 had a *phenomenal* experience.I think that because Planet 13 IS the largest weed store on Planet Earth.do you think they mentioned it to anyone when they returned home to whatever country? A unique experience only found where? Las Vegas Nevada United States of America.The Disney Land of The Sacred Herb.Thank You.

[Bed Bath & Beyonce]

What's your opinion on this article?

Look at PLNHF's investor presentations -- huge, and arguably sole, dependence on tourist revenue. The Strip is closed. P13's prices are not competitive at all with local shops off The Strip, they're insanely expensive and cater to those out-of-town folks who have no idea and who don't care about prices.

Planet is scrambling to get internal delivery up and running....more operational and logistics costs. Not to mention Vegas residents avoid The Strip, they're going to their neighborhood weed store for convenience and for a much better price. It's smart for Planet to deliver, but it's not going to be a replacement for tourist dollars. Not even close.

Here's the kicker....that Yahoo article talking about the grim financial outlook doesn't even mention Santa Ana or its costs. Getting Newtonian to take $4M less in cash is a good thing, but that $4M is now going to be paid in shares. Makes the debt look better, but dilution will hurt. The shares will be subject to a lock-up period, but they can start cashing in just under 500K of those shares starting this fall. Newtonian will get 492K shares unlocked every month for eight months after the mandatory four-month cool-down period.

That $4M in shares (3,940,932 to be exact) and $1M in cash is just for the license....operational costs in Santa Ana will be another thing. And expensive, even with the renegotiated lease.

Again, that article doesn't even mention Santa Ana, that's going to be a bigger drag on the fins.

Company has $13M in cash and the revs are going to take a huge hit. It's not going to be enough to fund delivery ramp-up, logistics and operations, the $800K due to Newtonian AND to pay the Santa Ana lease.