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Planet 13 Holdings PLNHF Stock Acquires Next Green Wave

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D. H. Taylor
(@dhtaylor)
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Joined: 2 years ago
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Planet 13 Holdings acquires Next Green Wave and, I think this is a great move for both companies. Both PLNHF stock and NXGWF stock are in my top picks of best marijuana stocks to buy now so, this adds to a track record of mine of about 5 of my Top Picks being acquired by other companies.

The deal has NXGWF stock being swapped for PLNHF stock at ~1;1/10th meaning, for every one share of NXGWF stock share you hold you get ~1/10th of a PLNHF stock share. Initially, I looked at this as being undervalued relative to what NXGWF could be valued at. After all, in the past few months the selling of a board director's shares, a director that promptly left the company, pushed NXGWF share price down significantly. My question due to this was: If that selling did not happen, would NXGWF shareholders gotten a price relative to the $0.50 per share price NXGWF was trading at before the selling?

Nonetheless, both stocks are significantly undervalued relative to where they should be when compared to the broader market.


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