Streetbeat News

PLNHF

Planet 13 Holdings Inc

Industry

Medicinal and Botanical Manufacturing

Open

0.86

Mkt cap

202M

Volume

333K

High

0.96

P/E Ratio

-3.50

52-wk high

1.74

Low

0.86

Div yield

N/A

52-wk low

0.45

Florida's cannabis market faces challenges despite significant investments in adult-use legalization. Companies like Trulieve and Curaleaf are heavily investing, but dispensary sales have slipped due to increased competition and external factors. The market's future hinges on legislative changes and potential growth if adult-use legalization passes.

Portfolio Pulse from Nicolás Jose Rodriguez

October 01, 2024 | 10:18 pm

Former President Donald Trump's comments on rescheduling cannabis and supporting banking reforms led to a positive reaction in cannabis stocks. Notable gains were seen in companies like Trulieve Cannabis, Green Thumb Industries, and Canopy Growth. The market's response was more modest compared to previous surges.

Portfolio Pulse from Nicolás Jose Rodriguez

September 09, 2024 | 8:49 pm

Former President Donald Trump's support for cannabis legalization in Florida has sparked varied reactions in the cannabis stock market. Notable movements include gains for AdvisorShares Pure Cannabis ETF and Trulieve Cannabis, while Canopy Growth and Cronos Group saw declines.

Portfolio Pulse from Nicolás Jose Rodriguez

September 05, 2024 | 1:39 pm

This 4/20, cannabis retailers anticipate record sales, with brands like MariMed's Betty’s Eddies, Cresco's High Supply, Ascend Wellness's Simply Herb, and others leading in various states. The article highlights market leaders in the East, Midwest, California, Nevada, Florida, and New York, with a focus on companies like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Trulieve. The pre-roll segment and the competitive landscape in each state are also discussed, indicating a highly anticipated sales surge.

Portfolio Pulse from Nicolás Jose Rodriguez

April 20, 2024 | 1:54 pm

AYR Wellness Inc. (OTC:AYRWF) launched its Kynd brand's premium edibles in Florida and Nevada, targeting the $2.2 billion edibles market with vegan gluten-free options. The company reported a 10% revenue increase in 2023 to $463.6 million, despite a widened net loss. The Florida cannabis market, where AYR Wellness is expanding, is valued at over $1.4 billion with a 30% growth rate. Nevada's market, also targeted by AYR, is valued at $850 million, benefiting from tourist traffic and strong economics. Other companies mentioned include Trulieve (OTC:TCNNF), Green Thumb Industries (OTC:GTBIF), Curaleaf Holdings (OTC:CURLF), Jushi Holdings (OTC:JUSHF), and Planet 13 Holdings (OTC:PLNHF).

Portfolio Pulse from Nicolás Jose Rodriguez

March 30, 2024 | 2:54 pm

Nevada's first cannabis consumption lounge, Smoke and Mirrors, has opened in Las Vegas, marking a significant milestone for the state's cannabis industry. Located within Thrive Cannabis Marketplace, it's the first to pass the Nevada Cannabis Compliance Board inspection. This development is expected to boost Nevada's cannabis market, valued at $850 million, by attracting tourists, creating jobs, and increasing tax revenue. Planet 13 Holdings Inc. (PLNHF) has also announced plans to integrate a consumption lounge, indicating a growing trend. Other notable companies in Nevada's cannabis sector include AYR Wellness (AYRWF), Curaleaf Holdings (CURLF), and Green Thumb Industries (GTBIF).

Portfolio Pulse from Nicolás Jose Rodriguez

February 16, 2024 | 9:28 pm

As Super Bowl LVIII approaches in Las Vegas, Nevada's cannabis industry is poised to benefit from increased visitor traffic, thanks to legislative reforms and strategic market positioning. The state has raised legal possession limits and removed medical license requirements for retailers. Nevada's cannabis market, valued at $850 million, is stabilizing with slight sales fluctuations but overall strong economic indicators. The market features 104 dispensaries with high revenue per store and wholesale prices. Leading brands and public multi-state operators (MSOs) like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Planet 13 Holdings are key players. Planet 13 stands out for maintaining its market share and enhancing customer experience with innovative offerings.

Portfolio Pulse from Nicolás Jose Rodriguez

February 09, 2024 | 8:58 pm

Las Vegas Cannabis Weddings has offered Taylor Swift and Travis Kelce a free cannabis-themed wedding at Planet 13 Holdings Inc's (OTC:PLNHF) dispensary during Super Bowl LVIII weekend. The offer aims to capitalize on the couple's popularity and the event's high profile. Additionally, the first 100 couples to sign up if the Kansas City Chiefs win can get married for $87, reflecting Kelce's jersey number. Competitor Little White Chapel is also offering free weddings to Super Bowl players and staff.

Portfolio Pulse from Maureen Meehan

February 08, 2024 | 6:26 pm

NFL legend Ricky Williams, once criticized for his marijuana use, is now a prominent advocate for cannabis legalization and entrepreneurship. He has launched his own cannabis brand, Highsman, and is set to introduce a new brand, Highsman Sticky Ricky, at Planet 13 in Las Vegas during Super Bowl LVIII weekend. Williams' transition from a suspended athlete to a cannabis entrepreneur highlights the evolving perception of marijuana in sports and society.

Portfolio Pulse from Maureen Meehan

February 07, 2024 | 11:32 pm

Viridian Capital Advisors' report highlights attractive valuations for 'Tier 2' U.S. cannabis companies with market caps between $100 million and $500 million. Despite improvements in operational efficiency and a 5-week market rally, valuations remain below last year's levels. Planet 13 Holdings Inc. (PLNHF) recently completed a private equity placement, and companies like TerrAscend Corp (TRSSF), Glass House Brands Inc (GLASF), and Ayr Wellness Inc. (AYRWF) have seen a 4% year-to-date increase, indicating resilience in the sector.

Portfolio Pulse from Joana Scopel

December 08, 2023 | 10:36 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.