|Bid||2.2500 x 0|
|Ask||2.2600 x 0|
|Day's Range||2.2000 - 2.4500|
|52 Week Range||0.9900 - 3.1000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun. 01, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Planet 13 Announces First Quarter 2020 Financial Results
Planet 13 Holdings (CNSX:PLTH) is normally a good company to invest in, but the pandemic's changed that.The post 1 Pot Stock You Should Stay Far Away From During the COVID-19 Pandemic appeared first on The Motley Fool Canada.
Planet 13 has paid Warner $1,000,000 in cash and cancelled an interim buildout loan to Warner in consideration for the Warner Assets and has issued a total of 3,940,932 Class A Restricted shares in the capital of the Company (the "Consideration Shares") representing an agreed value of $4,000,000, to certain vendors in consideration for the Newtonian Shares. The Consideration Shares will be subject to a four-month and one day hold period under Canadian securities laws and following such period will continue to be subject to a lock-up whereby 1/8th of the Consideration Shares will be released from lock-up each month beginning on September 22, 2020 .
2019 Revenue of $63.6 million SuperStore accounted for 9.1% of all Nevada cannabis dispensary revenue in 2019 1 2019 EBITDA of $9.9 million Q1 2020 Revenue of $16.6 million All figures are reported in ...
The Acquisition was terminated due to unmet conditions in the definitive agreement. "We take comfort knowing that as one of the few operators with a strong balance sheet and a cashflow positive business, we will have plenty of opportunities to expand the Planet 13 brand in the future."
Legal cannabis statewide will be available by delivery only. In response to overwhelming customer demand, Planet 13 has significantly expanded its delivery capabilities, moving from five to eight delivery vehicles, all of which are now running twenty-four hours a day, seven days a week.
Planet 13 will continue to ensure that customers and patients who rely on cannabis to manage their daily health and wellness needs have access. The Company's staff has undergone extensive health and safety training. Best practices have been implemented, including strict adherence to social distancing protocols, wearing gloves, regular cleaning.
The addition of Phase II – the customer-facing production facility, restaurant, and event space – along with increased awareness of the SuperStore has driven year over year same store growth of ~48% through the first two months of 2020.
The restaurant and event space that were opened as part of the Phase II development increased customer awareness of the Planet 13 Las Vegas Cannabis Entertainment Complex (the "SuperStore") and enhanced customer engagement resulting in longer average time spent exploring the SuperStore and higher average ticket size.
Shop-in-shop cannabis wellness experience designed to drive higher sales per square foot, increase awareness of the dosist™ brand and elevate consumer education and engagement All figures are reported ...
The Company served ~695,000 customers in 2019 at an average ticket of above $90 from the Planet 13 Las Vegas Cannabis Entertainment Complex (the "SuperStore"). In addition, although Q4 is a seasonally slower period in Las Vegas with lower overall tourist traffic, Planet 13 successfully delivered a record average ticket of $100 during December.
The inaugural award was presented to the Company as part of the MJBiz Conference in Las Vegas , the world's largest cannabis conference and tradeshow. The award follows on the heels of a Clio Cannabis Award in Brand Design Planet 13 received weeks ago for the packaging of its new Dreamland Chocolates™ line of products – awarded by Clio Cannabis/High Times that celebrates the creators at the forefront of cannabis marketing and communications.
LAS VEGAS , Nov. 13, 2019 /CNW/ - Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) (" Planet 13 " or the " Company "), a leading vertically-integrated Nevada cannabis company announces ...
All figures are reported in United States dollars ($) unless otherwise indicated LAS VEGAS , Nov. 5, 2019 /CNW/ - Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) ( "Planet 13" or the " ...
Public Cannabis Company Executives shared vision, answered questions at VirtualInvestorConferences.com NEW YORK , Nov. 1, 2019 /CNW/ - Virtual Investor Conferences, in partnership with the Canadian Securities ...
LAS VEGAS, Nov. 1, 2019 /CNW/ - Planet 13 Holdings Inc. (CSE:PLTH.CN - News) (OTCQX:PLNHF - News) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada based cannabis company, announced today that it has been granted final permits to begin production at its 15,000 square foot customer-facing production facility co-located at the Planet 13 Cannabis Entertainment Complex (the "SuperStore"). "Since we opened the SuperStore and began serving approximately 2,000 customers per day, we haven't been able to keep our inhouse brands in stock. Currently, about 15% of SuperStore sales are Planet 13's in-house brands, we expect with the increase in production capacity to be able to capture a much larger share of SuperStore sales and expand into the wholesale market," said Bob Groesbeck, Co-CEO of Planet 13.
LAS VEGAS, Oct. 28, 2019 /CNW/ - Planet 13 Holdings Inc. (CSE:PLTH.CN - News) (OTCQX:PLNHF - News) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada based cannabis company, announced today Bob Groesbeck, CEO & Co-Founder will present at the OTC Cannabis Conference on October 30, 2019. Bob Groesbeck, CEO & Co-Founder, will present at 2:00 PM ET on October 30, 2019. Planet 13 (www.planet13holdings.com) is a vertically integrated cannabis company based in Nevada, with award-winning cultivation, production and dispensary operations in Las Vegas - the entertainment capital of the world.
Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNHF) has launched a new beverage brand called Elysium, a refreshing THC-infused line of low-calorie flavored sparkling water. "Elysium marks our first step into the exciting THC beverage space. We've created and perfected a sparkling water beverage based on both customer demand and market trends. This low-calorie refreshing drink […]The post Planet 13 Holdings Unveils THC-Infused Flavored Sparkling Water appeared first on Market Exclusive.
Public Cannabis Company Executives share vision, answer questions live at VirtualInvestorConferences.com NEW YORK , Oct. 23, 2019 /CNW/ - Virtual Investor Conferences, in partnership with the Canadian ...
LAS VEGAS, Oct. 22, 2019 /CNW/ - Planet 13 Holdings Inc. (CSE:PLTH.CN - News) (OTCQX:PLNHF - News) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada based cannabis company, announced today that it has launched a new beverage brand, Elysium, a refreshing THC-infused line of low-calorie flavored sparkling water. This low-calorie refreshing drink with zero added sugar was designed to be a fast-acting alternative without the guilt, the perfect micro-dosing beverage," said Bob Groesbeck Co-CEO of Planet 13.