|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.9500 - 2.0500|
|52 Week Range||0.5015 - 2.7000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.59|
LAS VEGAS , May 8, 2019 /CNW/ - Planet 13 Holdings Inc. (PLTH.CN) (PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada cannabis company, announced today Larry Scheffler , Co-Chief Executive Officer, will present at Canaccord Genuity's 3rd Annual Cannabis Conference on Tuesday, May 14, 2019 , held at the Grand Hyatt New York in New York City . Mr. Scheffler is scheduled to present at 12:20 p.m. ET . The Planet 13 presentation will be available via webcast at https://bit.ly/2VNb0pA. The webcast will be available for 90 days following the presentation. Mr. Scheffler is available for one-on-one meetings at the conference.
Why Planet 13 Stock Fell ~6.8% on May 7(Continued from Prior Part)Valuation multipleThe increase in Planet 13 Holdings (PLTH) (PLNHF) stock price since the beginning of 2019 has led to a rise in its valuation multiple. As of May 7, the company was
Why Planet 13 Stock Fell ~6.8% on May 7The announcementOn May 7, Planet 13 Holdings (PLTH) (PLNHF) announced that its Las Vegas Cannabis Entertainment Complex, also called the Superstore, served an average 1,962 customers per day in April, while its
Planet 13 Announces 2018 Financial Results and First 5 Months of Cannabis Entertainment Complex Performance
LAS VEGAS , April 23, 2019 /CNW/ - Planet 13 Holdings Inc. (PLTH.CN) (PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada cannabis company, announced today that April 20, 2019 ("420") was the single biggest shopping day since the Company's Cannabis Entertainment Complex (the "SuperStore") opened on November 1, 2018 . "The unparalleled shopping and entertainment experience offered by the SuperStore has made it a draw for both cannabis connoisseurs from across the U.S. and internationally, as well as for the many casual cannabis users that come to Las Vegas every week for world-class entertainment," said Larry Scheffler , Co-CEO of Planet 13.
MedMen Announces Preliminary Q3 Revenues(Continued from Prior Part)Valuation multipleSince the beginning of 2019, MedMen Enterprises (MMEN) (MMNFF) has fallen by 3.6% as of April 12. The decline in MedMen’s stock price has also lowered its
MedMen Announces Preliminary Q3 RevenuesThird-quarter performance Today, MedMen Enterprises (MMEN) (MMNFF) posted an unaudited revenue of $36.60 million for the third quarter of fiscal 2019, which ended on March 30, 2019. Year-over-year, the
Is There More Upside to Planet 13 Holdings Stock?(Continued from Prior Part)Analysts’ recommendations Of the three analysts that follow Planet 13 Holdings (PLNHF) (PLTH), one analyst is favoring a “strong buy,” while the remaining two analysts
CORAL GABLES, FL / ACCESSWIRE / April 11, 2019 / The marijuana stock market has become quite dominated by companies that are working out of either the U.S. or Canadian cannabis space. Given the tidal shift in public opinion surrounding cannabis, companies in the cannabis industry have recently ramped up production to give consumers the products they need. With so much opportunity coming out of the cannabis industry, it seems as though there are no signs of slowing anytime soon.
Is There More Upside to Curaleaf Holdings’ Stock Price?(Continued from Prior Part)Analysts’ recommendationsAmong the six analysts that follow Curaleaf Holdings (CURA) (CURLF), three recommended a “strong buy,” while three recommended a
Planet 13 and Wayland Group Posted Strong Performance Last WeekSector performance Last week, the Horizons Marijuana Life Sciences ETF (HMMJ) and the ETFMG Alternative Harvest ETF (MJ) delivered positive returns. Between March 29 and April 5, HMMJ and
SEATTLE, April 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing how the American Cannabis market is being fueled by positive legislation. Cannabis may be illegal on a federal level across the United States, but that hasn’t stopped a multi-billion dollar industry from emerging on the state level. While some investors have avoided the country’s cannabis market due to the federal risk, new cannabis legislation in the House and Senate could dramatically reshape the industry’s risk profile.
Both occurrences have contributed to a friendlier atmosphere surrounding the marijuana industry. In light of this, we've seen the rise of ancillary companies amid the cannabis sector, whose operations are crucial to the betterment of the industry despite not being directly responsible for cannabis production. Nabis Holdings (INNPF) (NAB), Planet 13 Holdings Inc (PLNHF), Tilt Holdings Inc (SVVTF) (TILT.CN), and Cresco Labs Inc (CRLBF) are 4 pot stocks that could set April highs.
Planet 13 Holdings (PLNHF) hopes to gain a foothold in an entirely new market -- marijuana tourism. The company launched the first phase of its cannabis Superstore near the Las Vegas strip in November, 2018. This first phase of the entertainment complex offers 40,000 square feet of multi-faceted entertainment space, including interactive attractions and more than 16,500 square feet of cannabis retail space. The Superstore will total 112,000 square feet when all phases are completed. Unlike most dispensaries that rely on repeat, loyal customers, Planet 13's Superstore will primarily lean on tourists.Today, the cannabis company surprised investors with stronger than expected metrics at its Superstore location in the month of March:Specifically, Planet 13 reported average daily customers of 1,987 and an average ticket size of $89.17. The Company also reached its highest monthly revenue of $5.5 million in March. With average daily visitors count of 3,194, Superstore is one of the most visited dispensaries in the country.As investors continue to digest the encouraging March numbers, shares of Planet 13 skyrocketed nearly 18% in Wednesday's trading session.With a “pole position” location and a tourist centric retail experience, Northland analyst Paul Penney believes Planet 13 is "ideally positioned to be one of the leading legalized/retail cannabis companies in the ever important Las Vegas marketplace."Penney reiterates an Outperform rating on PLNHF stock, with a price target of $3.75, which implies over 80% upside from current levels."PLTH's most recent (March) SuperStore metrics continued to handily outperform our average store visitation and $ spend expectations. Further, we’re enthused with PLTH’s proactive efforts to launch / sell their own branded suite of products, which will equate to incrementally higher / sustained profitability levels. All in all, we believe PLTH is “hitting on all cylinders” which gives us added confidence in our YE 19’ and 20’ estimates," Penney commented.Overall, the analyst believes Planet 13 represents "an attractive/long term opportunity to invest in an under-known/small cap growth/cannabis company that is on the cusp of a near term Rev/profitability inflection point and creating a hard to replicate/strategic asset on a longer term basis." The analyst continued, "On a valuation basis, we believe PLTH is attractive on both an absolute and relative valuation basis, as the shares trade at ~3.0X and ~9.9X our '20 Rev and EBITDA estimates, respectively, which are both sizable discounts to the US centric cannabis players."To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here. More recent articles from Smarter Analyst: * Analyst Sees Some Challenges in Aurora Cannabis (ACB) Stock Ahead of Earnings * Tesla (TSLA) Stock: A Real Lift or a Dead Cat Bounce? * This Cannabis Stock Is Poised to Benefit From Multi-State Expansion * One Bad Sign for CannTrust (CTST)
Planet 13’s Superstore Earned Revenues of $5.5 Million in March(Continued from Prior Part)Valuation multiple Although Planet 13 Holdings’ (PLNHF) (PLTH) stock price has increased since the beginning of 2019, its forward EV-to-sales multiple has
Planet 13’s Superstore Earned Revenues of $5.5 Million in MarchRevenue growth Planet 13 Holdings (PLNHF) (PLTH) announced today that its Las Vegas Cannabis Entertainment Complex, also called the Superstore, posted revenue of $5.5 million in March.
Analyzing iAnthus Capital Holdings’ Q4 Results(Continued from Prior Part)Stock performance After iAnthus Capital Holdings (ITHUF) (IAN) posted its fourth-quarter earnings on April 2, the company’s stock price rose and closed the day at 7.61
Planet 13 Superstore opened on November 1 st 2018. SuperStore revenue has grown 63.4% from November1, or a 13.1% compound monthly rate. LAS VEGAS , April 3, 2019 /CNW/ - Planet 13 Holdings Inc. (PLTH.CN) (PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada cannabis company, today announced monthly statistics for the Planet 13 Las Vegas Cannabis Entertainment Complex, (the "SuperStore") since opening November 1 st, 2018.
LAS VEGAS , April 3, 2019 /CNW/ - Planet 13 Holdings Inc. (PLTH.CN) (PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada cannabis company, announced today that it has launched its third wholly-owned brand, Leaf & Vine, following the significant success of its Medizin line of connoisseur focused products and the TRENDI line of compact, easy-to-use disposable vape and concentrate products. Leaf & Vine products will be available on Superstore shelves today April 3, 2019 .
What Drove Curaleaf’s Stock Price Last Week?(Continued from Prior Part)Stock performances Despite the weakness in the broader equity market last week, with the S&P 500 Index falling 0.8%, most cannabis stocks delivered positive returns. From