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Planet 13 Has Big Expansion Plans


D. H. Taylor
(@dhtaylor)
Member Admin
Joined: 2 years ago
Posts: 703
Topic starter  

The Street has a nice article outlining an expansion plan for Planet 13 Holdings

https://www.thestreet.com/investing/cannabis-player-planet-13-has-big-expansion-plans


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Maui wowie
(@shkhawaii-rr-com)
Active Member
Joined: 8 months ago
Posts: 5
 

I'm now a Planet 13 stockholder by virtue of having had Next Green Wave stock.

I think that the strategy for a small company like Planet 13 is not to immediately go into hotly competed states like FL & IL.  How do you compete with Trulieve in FL when they already have 112 dispensaries. 

Planet 13 should be early into fairly large states that have less competition with large populations like VA, NJ, or MI.  Another strategy would be to go into states where dispensary counts are limited by law to a small number like NY, MA, MD or OH so you can compete more equally. 

Planet 13 should become an attractive acquisition target by being where other companies are not.


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Mike Korner
(@mikekorner)
Eminent Member
Joined: 1 year ago
Posts: 27
 

Posted by: @shkhawaii-rr-com

Planet 13 should become an attractive acquisition target by being where other companies are not.

 

yes please!


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D. H. Taylor
(@dhtaylor)
Member Admin
Joined: 2 years ago
Posts: 703
Topic starter  

@shkhawaii-rr-com 

@mikekorner

Planet 13 at this point is in Nevada, Orange County California, and are about to open in Illinois.  The Nevada store should be a big push for them.  When you think about it, which of the major US MSO companies are in Nevada?  You have to dig to come up with a name that has a presence as most have not entered.  Because of that, I see Planet 13 being a huge potential target for these bigger MSO companies to come in and all of a sudden be in Nevada.  And, if there is a company that has not yet entered California, then you are in these states at the same time.  

Planet 13 will get acquired and with federal legalization happening just around the corner, a lot of these things are going to push forward much faster.


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