Planet 13 Holdings Acquires Next Green Wave PLNHF stock & NXGWF Stock

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.

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

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. Two things to look for with Planet 13 that I want to mention: The Chicago, Illinois store should open on time over the course of its build-out, adding to greater potential longterm for Planet 13; and, Future guidance from analysts have next year’s revenues at $0.12 EPS.

Planet 13 Holdings PLNHF Stock A Strong Buy With Future

Planet 13 PLNHF Stock is a cannabis company that has been put to the test - fear not, they are one of the Best Marijuana Stocks to buy.  Despite that test, they have performed better and better on an increasing level.  COVID had the governor of Nevada bring occupancy rates for retail stores down to 25%.  This was on top of the fact that tourism to Las Vegas was already down some 55%.  And yet, Planet 13 PLNHF stock saw substantial revenues in the last two quarters.  Just imagine the increase in revenues now that the light is at the end of the tunnel with the Coronavirus.  Being a Las Vegas, NV-based dispensary, Planet 13 Holdings PLNHF Stock will now have increased tourism as well as increased occupancy in its dispensary.  And, then they will open their Orange County, CA dispensary.