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Planet 13 Holdings Inc. (PLNHF)

Other OTC - Other OTC Delayed Price. Currency in USD
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5.83+0.63 (+12.12%)
At close: 3:59PM EST
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  • l
    lamarr
    Planet 13 is an amazing business, believe me when I say this company is going all the way! Ps this company hits 10 dollars by end of 2021 no doubt about it!
    Bullish
  • C
    Christopher
    Went to the Vegas location, like we always do, and it was eye opening. The main business, which sells all the weed products, was the busiest we have ever seen. Had no intention of buying anything more than a t shirt and I ended up leaving spending more than a hundred bucks. They have a winning formula that is the best in the industry. Not sure how the new ancillary businesses are doing, but for sure, very nicely done.
    This is going to be a great stock to own for the next five years. Who knows how hi it can go. Definitely, want to own for the duration and will probably add on any weakness.
  • T
    Tommy t
    Im holding since 2019 and as long as humanly possible at the gains will be unreal in the next 5-10 years on this
    Bullish
  • L
    Live forever
    Think past the stores...they are developing Brands. These brands went from being sold in 20 some dispensaries to over 40 per last Mgt. comments. The stores legitimize the brands and develop trust and cachet.

    They will only need a few Super Stores to develop credible brands and an on-line store to sell products in states that allow this. This is the key asset to set up now that has HUGE economies of scale...

    We know what we are buying with cigarette or liquor brands (image, consistency, safety...) the MJ industry today is coming up to speed. P13 is taking control of production for these reasons. This will motivate us to reorder a brand that we like.

    I would agree that a superstore strategy alone would make these valuations questionable but you need to look at what is really being built.
  • V
    Vincent
    Marijuana legalisation bill is officially passed in the house, yall can watch at the c-span website, its live right now
  • J
    Joe
    Could anyone let me know will Planet list on Nasdaq or NYSE in the near future?
    Bullish
  • J
    John
    Congrats to all longs! Really should not be much of a surprise given where the company is now and the crazy growth potential it has. Excellent mgmt team, excellent product, dominate NV market, strong balance sheet, have cash to launch 4 more stores in big market cities, etc. $10 by end of 2021 is a reality at this point and who knows from there.
  • P
    Paulino
    this thing is overvalued by a good 30-40%
    trades 10x sales... vs 6x for cresco ( one of the BIG 4) and cresco is the much better company
    way higher growth , better ebita margins, more markets , better balance sheet

    why on earth would one pay 10x for planet 13 when they can buy a much better company for 40% cheaper ....
  • C
    CH
    why is it running up?
  • D
    Doc
    I was in Shop in Vegas this past week. First time ever in legal shop that sells MJ. It was great experience. The set up, the amount, the size, the seller was spot on with help. I spent 300$ Gummys are GREAT!!!
    I own no stock here, but been watching it. GLTA. I think its a keeper!
  • J
    John
    trading at 10-11x LTM sales. Good execution on 1 location but their growth rests on launch and execution of megastores which is takes too long. Their model cannot sustain any risks from the launch of each megastore which require high capital outlay and overhead. The other MSOs can grow faster and with smaller retail units and wider geographic reach. Santa Ana isnt exactly a major city to plant a megastore vs LA or SD. they will need to own a new cultivation plant in CA to mimic the NV model. So the test is whether they can replicate the LV success in another state. All 2021 milestones are priced in.
  • a
    ananda
    Only this MJ stock is running up other fell... 'Marijuana Stocks Mostly Fall After Historic Vote To End Prohibition' 'article in yahoo. I believe Plnhf has really good business plan'
  • A
    Ayaz
    $50/share by 2022
    Bullish
  • a
    ananda
    I sold half today and buy back again the day when it's bit down. The stock is usually down the next day after making 12% upwards move .. eventually this is going to 10+
  • W
    William Wallace
    I've got $PLNHF and $TCNNF, can someone suggest a 3rd stock to look into? Thx.
    Bullish
  • D
    Darwin
    My sources tell me the stock will go to $10 by summer. Don't sell!
  • C
    CH
    This stock is not listed on robinhood?
  • a
    ananda
    This is OYC right but why do we see premarket activity ? can people trade pre market?
  • J
    Jeremy
    What is the price in pre market ?
  • J
    James
    I do think this gets struck down in the senate and if that is the case, could be the last real opportunity to load up.