Florida's Marijuana Market Could Drive 139% Revenue Spike For Planet 13, Fourfold Market Cap Growth
Portfolio Pulse from Nicolás Jose Rodriguez
Planet 13 Holdings (OTC:PLNH) has completed its acquisition of VidaCann, leading to a 56% increase in sales for Q1 2024. The company plans to expand its store network in Florida and anticipates significant revenue and EBITDA growth by 2026. Despite a recent 15% drop in stock price, analysts maintain an Overweight rating, citing undervaluation and future growth potential.
May 22, 2024 | 1:00 pm
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Planet 13 Holdings has completed its acquisition of VidaCann, resulting in a 56% increase in sales for Q1 2024. The company plans to expand its store network in Florida and anticipates significant revenue and EBITDA growth by 2026. Despite a recent 15% drop in stock price, analysts maintain an Overweight rating, citing undervaluation and future growth potential.
The acquisition of VidaCann has already resulted in a significant increase in sales for Planet 13. The planned expansion in Florida and anticipated revenue and EBITDA growth by 2026 are positive indicators. Despite a recent drop in stock price, the company's future growth potential and current undervaluation make it a promising investment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100