Researching the cannabis market and key players
Cannabis is legal in 45 states and I feel huge flood coming with an opportunity to invest at ground floor in many new companies
Take
PLNHF - Planet 13 Holdings Inc.
In the middle of a pandemic planet 13 lost walk in business.
Did they panic No
Over the first nine months of 2020, they reloaded and moved into home delivery.
Planet 13 had $50 million in sales and generated $6 million in free cash flow.
This means that in the middle of the COVID-19 pandemic they made a 12% free cash flow margin.
Any other companies others see as good opportunity?
Hey Guys,
I am seeing a lot of discussion about APHA And Tilray on this page but I see no one talking about Planet 13. Any reasons why?
Planet 13
- already based in the US.
- currently based at LV but are developing a superstore at California and there are rumours that they will follow this with an expansion to Florida.
- they are customer centric and more than an MJ company, their superstore is more than MJ and is more like a theme park or tourist attraction! Their superstore is primed to be more than cannabis store and serve as a one stop shop for other items for those staying At LV.
- they just recently announced an up size public offering 12.02.2021.
- they had 36.5% increase in their turnover from the prior year period.
- when this covid mess is all passed us for sure the footfall in LV and Planet 13 will only increase!
- I think this will also benefit from the legalisation of sports betting for both short and long term.
Please let me know your thoughts.
"The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2021 OTCQX Best 50 were ranked based on their performance in 2020."
https://mjstocktrader.com/columbia-care-named-to-2021-otcqx-best-50/
LAS VEGAS, Oct. 19, 2020 /CNW/ - Planet 13 Holdings Inc. ("Planet 13" or the "Company") (CSE: PLTH) (OTCQB: PLNHF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") co-led by Canaccord Genuity Corp. ("Canaccord") and Beacon Securities Limited and pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4,700,000 units (the "Units") in the capital of the Company at a price of C$4.30 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of C$20,210,000 (the "Offering").
Each Unit shall consist of one common share (a "Common Share") in the capital of the Company and one-half (1/2) of one common share purchase warrant (each whole warrant, a "Warrant") of the Company. Each whole Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price per Common Share of C$5.80 for a period of 24 months from the Closing Date (as defined below).
The closing of the Offering is expected to occur on or about November 5, 2020 (the "Closing Date") and is subject to the completion of formal documentation and receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange. The net proceeds from the Offering will be used for working capital and general corporate purposes.
The Company has granted the Underwriters an option (the "Over-Allotment Option"), exercisable, in whole or in part, by Canaccord, on behalf of the Underwriters, giving notice to the Company at any time and from time to time up to 30 days following the Closing Date, to purchase, or to find substituted purchasers for, up to an additional number of Units equal to 15% of the number of Units sold pursuant to the Offering at the Offering Price to cover over-allotments, if any, and for market stabilization purposes.
The Units to be issued under the Offering will be offered by way of a short form prospectus to be filed in all of the Provinces of Canada (except Quebec) and by private placement to eligible purchasers resident in jurisdictions other than Canada that are mutually agreed by the Company and Canaccord, provided that no prospectus filing or comparable obligation arises and the Company does not therefore become subject to continuous disclosure obligations in such jurisdiction.
The Units, Common Shares and Warrants being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended ("U.S. Se
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