Don’t forget either that this reported volume is all just out of one location. Learn everything you need to know about successful options trading with this three-part video course. . I write serious and sometimes comic musings on retail's evolution, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. 2 Wall Street analysts have issued ratings and price targets for Planet 13 in the last 12 months. Future price of the stock is predicted at 5.507453$ (49.659% ) after a year according to our prediction system. According to the company’s latest report, the number of average visitors per day to the Planet 13 Cannabis Entertainment Complex increased to 3,405 in June 2019. These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks. © American Consumer News, LLC dba MarketBeat® 2010-2020. At 112,000 square feet, and right off the Las Vegas Strip in Nevada, Planet 13 is or soon will be to cannabis what Disneyland is to plush, mouse-shaped toys. Receive a free world-class investing education from MarketBeat. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. Going forward, there is a major catalyst that could further boost the stock’s appeal. From its opening month to June 2019, the average purchase went from $79.82 to $88.87, marking an increase of 11%. Still, with a market capitalization of less than $300.0 million and a share price of less than $2.00, Planet 13 stock remains undiscovered by a lot of mainstream investors. Limelight Networks, Inc.: Down 47% from High; Time to Take a Look! Start Your Risk-Free Trial Subscription Here, Farfetch (NYSE:FTCH) Stock a Buy? The thing is, though, this is not just an average marijuana dispensary. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. All rights reserved. Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. When asked about the recent results, Planet 13 co-CEO Bob Groesbeck remarked: "Our SuperStore is well-positioned to continue growing both within Las Vegas and across the country . (Source: “Planet 13 Announces 2018 Financial Results and First 5 Months of Cannabis Entertainment Complex Performance,” Cision, April 30, 2019. Opinions expressed by Forbes Contributors are their own. If Planet 13 takes hold the way it could, the entire vibe of late night Vegas entertainment could change. This suggests a possible upside of 14.4% from the stock's current price. MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Past success does not guarantee future profit !! Read Full Bio. At the same time, the company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) totaled $1.3 million in the first quarter of 2019, which about doubled the $667,563 of adjusted EBITDA earned in the first quarter of 2018. MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Digitally native brand after digitally native brand keeps securing spiraling, unicorn-like horns on what are often still somewhat unproven business models. Here are photos of the design: Interior View of Planned Planet 13 Coffee Shop, View of Las Vegas Strip from Inside Planet 13 Coffee Shop & Pizzeria. Been there, done that. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). And that’s basically what has been going on with Planet 13. This $1 Marijuana Stock on the Verge of Breakout. Learn about financial terms, types of investments, trading strategies and more. Consumers will get more and more comfortable with cannabis over time, there will soon be activities onsite for both cannabis and non-cannabis enthusiasts to enjoy, and, from a marketing perspective, the Planet 13 brand name has nowhere else to go but up. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. While Planet 13’s total architectural footprint is 112,000 square feet, Planet 13, when it opened back in November 2018 and to this day, leverages just 40,000 square feet of its total space. “Our longer term future will include expansion into additional markets in high-traffic areas and popular tourist destinations beyond Las Vegas,” Groebeck mentioned for this interview. ), And that growth has continued to this year. *Stock price forecasts are predicted by Deep Learning processes by technical analysis, shouldn't been used for investment decision. ...when you opt-in for our daily e-letter, Profit Confidential and the special offers that come with it! While it didn't disclose a specific figure, it … Planet 13 Stock Quote, Chart, News CSE:PLTH, Planet 13 gets a target raise from Beacon Securities, HEXO gets price target raised to $12.25 at Beacon Securities, The Hydropothecary Corp. gets price target raise at Beacon Securities, WELL Health Technologies keeps $10.50 price target at Laurentian Bank Securities, Photon Control gets new $3.00 target at Paradigm Capital, Nuvei is a fintech stock to watch, National Bank Financial says, PI Financial launches coverage of MediaValet with a “Buy” rating, Shopify is an overvalued stock, this fund manager says, Sierra Wireless Reports Third Quarter 2020 Results, BBTV Puts Independent Content Owners Back in Control of Their Content with Powerful Enterprise Grade Content Management Solutions, Student Sentiment for Fall 2020: Survey of 3,412 Higher Ed Students Finds Educators Prioritizing Human Connections and Active Learning, Influencing Higher Likelihood of Student Retention in Spring 2021 and Beyond, Docebo Reports Third Quarter 2020 Results, Thoughtexchange Closes Final Tranche of $34M Series B to Accelerate Growth of Voice Platform, Green Thumb Industries is still a cheap stock, Beacon Securities says, Trulieve gets big price target raise at ATB Capital, Harvest Health gets bullish new price target from Stifel. 1 year Planet 13 Holdings Forecast: 5.507453 *, 5 year Planet 13 Holdings Forecast: 28.157 *. 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. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if PLNHF could be a good portfolio addition. Today’s chart highlights one of the most overlooked pot stocks on the market: Planet 13 Holdings Inc (OTCMKTS:PLNHF, CNSX:PLTH). Export data to Excel for your own analysis. Currently, I am CEO and founder of Omni Talk, one of the fastest growing blogs in retail, and Third Haus, a retail technology lab and coworking space in Minneapolis. Find the latest PLANET 13 HOLDINGS INC (PLNHF) stock discussion in Yahoo Finance's forum. Phase II of the project, which includes a coffee shop, pizzeria, event space, and experiential in-house production area, is currently under construction. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Due to Planet 13 Holdings Inc’s solid financial performance, the stock market has taken a liking to the company. The chart below shows how a company's share price and consensus price target have changed over time. Yet, week after week, the industry is regaled with tales from the likes of companies with cool sounding names, companies like Away, Casper, and Rent the something or other. And only 16,000 square feet of that space is actually devoted to a true retail salesfloor. When it does, the working definitions and the nation's preconceptions of outing-based entertainment will likely change irrevocably. Innovative Industrial Properties Inc: A Top Pot Stock That Doesn’t Grow any Pot, InterDigital Inc: Under-the-Radar 5G Stock Could Reward Investors. Canada/CSE (PLTH) - Stock Quote Canada/CSE - Stock Quote OTC (PLNHF) - Stock Quote Our new Planet M CBD brand will be sold across the country online, further increasing our brand recognition. And these solid financial results aren’t the only reason why investors should check out PLNHF stock. It is not unreasonable to think that this standalone Planet 13 location in Las Vegas could be on the brink of generating over $100 million in annual revenue soon, if even only on its current trajectory, let alone through the addition of everything else. View analysts' price targets for Planet 13. Our mission from day-one has been to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products. In addition, Planet 13 also just launched its Planet M CBD brand in May, a line of custom formulated, full-spectrum CBD isolate products. Reported EBITDA was $1.3 million and cash flow from operating activities was also $2.6 million. Because the numbers you are about to hear are going to blow your mind.

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