here Privacy Policy and Planet 13 Holdings Inc operate as an integrated cannabis company based in Nevada, with cultivation, production and dispensary operations in Las Vegas. Click here for more on how to use these ratings. Planet 13 generated $7.6 million in revenue in October at gross margins above 50%, NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, To view this site properly, enable cookies in your browser. Right now, of course, the superstore is closed to visitors because of the COVID-19 pandemic -- as is the entire Las Vegas Strip. Of course, Las Vegas is primarily a tourist destination, so it's unlikely that local marijuana deliveries will make up for the closure of the superstore and the near-total absence of visitors to the city. 3,310.24. FTSE 100. Its dividend yields a healthy 5.78%. DJIA. It sells everything from Planet 13 t-shirts to its award-winning Dreamland Chocolates brand. Copyright © 2020. For information At $1 a share, in fact, the company has reached micro-cap land. "remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //, Unchecking box will stop auto data updates, Wednesday’s analyst upgrades and downgrades, Tuesday’s analyst upgrades and downgrades. © 2020 Verizon Media. Right now, of course, the superstore is closed to visitors because of the COVID-19 pandemic -- as is the entire Las Vegas Strip. This real estate investment trust (REIT) has an incredible profit margin of 52%, while its top-line growth last quarter was an astounding 269%. : Get the latest Planet 13 stock price and detailed information including news, historical charts and realtime prices. Many of these start-ups will fall by the wayside by getting acquired or going out of business. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis. Because marijuana is still illegal under federal law, most financial institutions won't work with companies in the sector.
5,654.97. That shows you how powerful its brand is. While the company is still a small-cap, with a valuation of $1.2 billion, it arguably has the strongest financials of any company in this space. © Copyright 2020 The Globe and Mail Inc. All rights reserved. From a high of $137 a share last year, the stock dropped to $46 in March. Planet 13 Holdings Inc operate as an integrated cannabis company based in … : Get the latest Planet 13 stock price and detailed information including news, historical charts and realtime prices. © Copyright 2020 Morningstar, Inc. All rights reserved. Cannabis stocks are exciting for investors because of the long-term growth prospects in the sector. Like a lot of stocks, Innovative Industrial Partners (NYSE:IIPR) crashed after the market recognized the threat that the COVID-19 pandemic posed to the economy. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. But investing in pot companies can also be challenging and scary, and there are a lot of potential pitfalls. Detailed price information for Planet 13 Holdings Inc (PLTH-CN) from The Globe and Mail including charting and trades. Planet 13 has a 59% gross margin, and its operations are cash flow positive. This is how it has acquired 4 million square feet of marijuana industry properties in the U.S. Find the latest PLANET 13 HOLDINGS INC (PLNHF) stock discussion in Yahoo Finance's forum. Find the latest PLANET 13 HOLDINGS INC (PLNHF) stock quote, history, news and other vital information to help you with your stock trading and investing. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. As an That's a major reason Planet 13 stock is down 48% year to date. This makes IIP an excellent bet on the growth of the legal marijuana industry in the U.S. For investors who are willing to take on more risk, Planet 13 (OTC:PLNH.F) offers an intriguing opportunity.
As is common in young, high-growth business sectors, there's a lot of unprofitability in the cannabis industry as companies spend heavily to grow their businesses and gain market share. NASDAQ. Terms of Use Privacy Policy Disclosures Member User Agreement Corrections Cookies. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Returns as of 11/12/2020. Market data powered by FactSet and Web Financial Group. PLNHF | Complete Planet 13 Holdings Inc. stock news by MarketWatch. Planet 13 Announces Release Date of Third Quarter 2020 Financial Results, Planet 13 Continues Strong Results in October, Planet 13 Holdings Inc. click See you at the top! Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. All market data (will open in new tab) is provided by Barchart Solutions.
All rights reserved. fair value, and uncertainty rating. LAS VEGAS, NV / ACCESSWIRE / November 11, 2020 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQB:PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada cannabis company announced today that it plans to release its financial results for the third quarter ended September 30th, 2020 on November 24th, 2020 aftermarket. Find the latest PLANET 13 HOLDINGS INC (PLNHF) stock quote, history, news and other vital information to help you with your stock trading and investing. Planet 13's stock was trading at $1.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. And the other is to sell their greenhouses and other properties to Innovative Industrial, which will turn around and lease them back to the seller for use. And the COVID-19 pandemic has hampered all sorts of retail activity this year, including in the marijuana sector.