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Planet 13 PLNHF Stock Will Push to $12.50 then continue to grow


D. H. Taylor
(@cannabisinvestingnewsletter)
Member Admin
Joined: 1 year ago
Posts: 287
Topic starter  

Planet 13 Holdings PLNHF stock is one of my Top Picks - Best Marijuana Stocks To Buy Now.  There is a lot I like about this company and, I see continued capabilities with increases in this company’s revenue.  For now, they are really starting spend money on SG&A, Sales, General & Administrative.  That “Sales” part is what the focus is.

Nevada operations are effectively running at 100% with the dispensary.  You have to understand the concept to appreciate the capabilities of Planet 13 Holdings.  The dispensaries are mega-stores.  These are destination-style dispensaries.  When you consider that, having a mega dispensary, destination style store in Las Vegas makes a ton of sense.  But, Planet 13 needs to solidify their presence.  During COVID 19 lockdowns, the state of Nevada was crimped to some of the harshest capacities possible.

During that time, Planet 13 improvised the game plan and extended offers to the local population in order to grow a foundation of business.  This sustained Planet 13 through the dreary times.  Now, management is focusing on drawing in the Las Vegas tourists.  This will take time, effort, and money.  You can see this play out in the operating costs.  But, you can also see the efforts gain results with the increase in revenues.

This topic was modified 1 week ago by D. H. Taylor

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Gary Johnson
(@garyjohnsngmail-com)
New Member
Joined: 5 months ago
Posts: 2
 

With the current price at $4.00 and you suggesting $12.50,,, wouldn't that be a 300% increase, not 200% ?


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D. H. Taylor
(@cannabisinvestingnewsletter)
Member Admin
Joined: 1 year ago
Posts: 287
Topic starter  

Hi Gary.... thanks for the comment.
The answer is: No. 100% of $4.00 is $8.00. Add in another 100%, another $4.00, and you get to $12.00.


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Lucio Bohorquez
(@lbohorqueaol-com)
New Member
Joined: 2 months ago
Posts: 1
 

Hi, do you know what share based payments are? And when will those stop?

Thanks


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Jonas Rolyn
 Jonas Rolyn
(@Jonas Rolyn)
Guest
Joined: 10 hours ago
Posts: 1
 

There is lots of increased volume activity on PLNFH, however the share price is decreasing. Your advice?


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