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.
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.