Planet 13 Stock News and Updates
Planet 13 Stock OTC Analysis is a technique that employs time series forecasting models to anticipate future share prices based on past information. It is one of the most commonly utilize approaches for analyzing financial data.
PLTH has maintained relatively static operating expenses; therefore, revenue gains will help offset some costs and improve margins over time. Furthermore, the Next Green Wave acquisition will offer further efficiencies.
Selection of medical recreational cannabis at a legal retail store
With more and more states legalizing medicinal and adult-use cannabis, it may seem as if investing in this space would be a no-brainer. While some may feel that way, in reality, there are still legal and regulatory challenges that have held back what otherwise would likely be a booming industry. Planet 13 Holdings (PLNH.F 2.81%) has a unique strategy that just might give it a leg up in the cannabis space.
How to Buy Planet 13 Stock (PLNHF)
As marijuana laws have relaxed, the pot trade has become a legitimate industry and some cannabis-related companies, including Nevada pot superstore operator Planet 13, have gone public, allowing investors to purchase their shares. Investing in cannabis companies has been complicate, however, by the fact that U.S. federal laws still prohibit marijuana. That has kept their shares from being listed on U.S. exchanges. Shares of Planet 13 are listed on the Canadian Stock Exchange and also cross-listed on the U.S. over-the-counter (OTC) market. U.S. investors can purchase Planet 13 shares through international brokers as well as U.S. online and traditional brokers.
Nevada License Update
Since recreational cannabis became legal in Las Vegas, its market has been unstable. Complicating matters further are state and federal law as well as city licensing restrictions; nevertheless, progress is being made in finding solutions.
Planet 13 Holdings Inc operates as an integrated cannabis company, cultivating, producing, distributing, and marketing medical and retail marijuana products in Nevada. Additionally, the Company manages non-cannabis retail merchandise stores, and event spaces and operates Trece restaurant – both providing food-oriented Mexican dining experience! In addition, consultation, education, and convenience services are provided by Planet 13.
PLTH reported first-quarter revenue of $24.9 million, up from $25.7 million a year ago. Gross profit however decreased to $10.9 million from $12.9 million due to lower average sales prices in Nevada and increased wholesale revenue.
PLTH is expected to release earnings on Monday, August 14, 2023, with an EPS estimate of $0.08 and Year-to-Date EPS at $0.07. An Earnings Call will take place at 5:00 PM EDT.
California License Update
Cannabis industry stocks can be extremely volatile. Investor sentiment plays an integral part in their fluctuating nature; negative news or fears can quickly bring them down, while positive developments or hopes for improved legislation could boost them back up again.
Planet 13 Holdings Inc operates as an integrated cannabis company. The Company cultivates, produces, distributes, and markets medical and recreational marijuana as well as cannabis-infused products throughout the US market. Planet 13 also runs licensed dispensaries as well as non-cannabis retail merchandise stores – and serves the Nevada market in particular with consultation, education, and convenience services.
PLTH will report its first-quarter earnings on May 15th, a day after the market closes. Investors can trade either pre-market (4:00-9:30 am ET) or after-hours market (8:00 pm ET), though both may experience limited liquidity and price distortion due to Market Maker and ECN participation.
Illinois License Update
Illinois Bankers Education Services has recently obtained the license to run The Stock Market GameTM in Illinois as a curriculum-based program that introduces students to personal finance and investing concepts while at the same time providing practice content in math, ELA, science, social studies, and economics.
Planet 13 Holdings Inc, an integrated cannabis company, cultivates, produces, and distributes marijuana-related products for medical and retail markets in Nevada, United States. The Company runs licensed dispensaries offering Medizin and Planet 13 brand products; Trece Eatery + Spirits serves non-cannabis retail merchandise store customers; provides consultation, education, and convenience services.
PLTH shares have historically outshone those in the marijuana industry average, and its strong balance sheet makes PLTH an attractive candidate for long-term growth. All figures report herein are report in USD and will be discus during a conference call to review first-quarter financial results on May 15th at 5.00 p.m ET.
Florida License Update
Planet 13 Holdings Inc operates as an integrated cannabis company. The Company cultivates, produces, and markets medical and recreational cannabis products in the US through their Medizin and Planet 13 brands; additionally they offer consultation services, education programs, and convenience offerings through retail stores and Trece restaurants located across Nevada, California, Illinois, and Florida.
Investors may trade Planet 13 Holdings shares during the Pre-Market (4:00-9:30 a.m. ET) and After Hours Market (4:00-8:00 p.m. ET). Please be aware that these sessions may offer less liquidity than usual and investors should use limit orders when trading during these sessions.
Planet 13 Holdings (CSE: PLTH)(OTCQB: PLNHF) will release its first quarter financial results on May 15, 2023. Analysts anticipate revenues may experience some decline compared to last year but should return to growth during the second half of 2023, while adjusted EBITDA should remain flat.