Planet 13 Holdings Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Q3 2023 revenue of $24.8 million q3 2023 net loss of $46.0 million, which included a non-cash impairment loss of $39.6 million q3 2023 adjusted ebitda of $0.2 million all figures are reported in united states dollars ($) unless otherwise indicated las vegas, nv / accesswire / november 8, 2023 / planet 13 holdings inc. (cse:plth)(otcqx:plnh) ("planet 13" or the "company"), a leading vertically-integrated multi-state cannabis company, today announced its financial results for the three-month period ended september 30, 2023. planet 13's financial statements are prepared in accordance with u.s. generally accepted accounting principles ("gaap").

Las vegas, nv / accesswire / september 15, 2023 / planet 13 holdings inc. (cse:plth)(otcqx:plnhf) ("planet 13" or the "company"), a leading vertically-integrated multi-state cannabis company, today announced the completion of its previously announced plan of arrangement pursuant to which the company was continued from the jurisdiction of the business corporations act (british columbia) and domesticated under the nevada revised statutes to the state of nevada (the "nevada domestication"). the nevada domestication was overwhelmingly approved by shareholders at planet 13's annual general and special meeting of shareholders held on thursday, july 27, 2023.

Las vegas, nv / accesswire / september 14, 2023 / planet 13 holdings inc. (cse:plth)(otcqx:plnhf) ("planet 13" or the "company"), a leading vertically-integrated multi-state cannabis company, today announced it intends to complete its previously announced plan of arrangement pursuant to which the company will be continued from the jurisdiction of the business corporations act (british columbia) and domesticated under the nevada revised statutes to the state of nevada (the "nevada domestication"). the nevada domestication was overwhelmingly approved by shareholders at planet 13's annual general and special meeting of shareholders held on thursday, july 27, 2023.

Vancouver, bc and las vegas , sept. 11, 2023 /prnewswire/ - (cse: ovat) (otcqb: ovatf) – ovation science inc. ("ovation" or the "company"), with its proprietary topical and transdermal cannabis products powered by its patented skin delivery technology invisicare®, today announced the signing of an exclusive licensing agreement with planet 13 holdings, inc. (cse: plth) (otcqx: plnhf) ("planet 13"), a leading vertically-integrated multi-state cannabis company, for the rights to ovation's topical / transdermal formulations for the state of nevada.

Las vegas, nv / accesswire / august 28, 2023 / planet 13 holdings inc. (cse:plth)(otcqx:plnhf) ("planet 13" or the "company"), a leading vertically-integrated multi-state cannabis company, today announced that it has entered into a membership interest purchase agreement (the "purchase agreement") dated august 28, 2023 to acquire all of the ownership interests of vidacann, llc ("vidacann") from the sellers who currently own all of the membership interests in vidacann (collectively, the "sellers"). vidacann is engaged in the business of cultivating, processing, storing, transporting, and dispensing cannabis as well as leasing and operating cannabis cultivation, processing, fulfillment and storage, and dispensing facilities in the state of florida.

The cannabis industry is continuously growing and evolving. New products are being developed and companies are working hard to take the sector into the future. Cannabis was once a taboo subject to discuss or even use. As of 2018 legal cannabis has come a very long way. The United States has over 35 legal and operational cannabis businesses. Which has played a huge factor in more states voting to go legal.

In Q4 2023, the landscape of the US marijuana industry and top marijuana stocks is poised for significant growth and transformation, making it an enticing sector for investors to keep a keen eye on. Recent statistics indicate that the cannabis market in the United States is on a meteoric rise, with a projected compound annual growth rate (CAGR) of over 16% between 2023 and 2030. This growth is driven by many factors, including the ongoing legalization efforts in various states, increasing public acceptance, and the potential for federal decriminalization, all of which contribute to a favorable market environment.

Marijuana stocks could begin to see a turnaround in trading. 2024 has lots of potential for those who see the upside to legal cannabis. This upcoming new year may be one of the best years for cannabis. Again we will have more time and chances to work on better reform. In addition, more companies putting out better products that will keep revenues climbing. In 2023 legal markets around the US are each typically seeing over a billion in revenue each quarter.

Planet 13's stock has been volatile, but it is down 9.4% year-to-date and has outperformed the AdvisorShares Pure US Cannabis ETF. Analysts expect a 3% decrease in revenue for 2023, but a 58% increase in revenue for 2024. Planet 13 is undervalued compared to its peers and has potential for significant growth in 2024 and beyond.

People are ready and waiting for better trading from marijuana stocks. Over the last year or so there has been a consistent level of volatile trading. The volatile action has been the cause of most of the pullback that has occurred. However, the cause of the volatility stems from various areas and the beliefs of investors. When it comes to investors they feel that without federal reform or something to ensure safety, it will be tough to see more confidence.

Many marijuana stock investors saw several great days of trading over the last several weeks. The reason for this is political advocates of the cannabis industry are working to pass better reform. Most of the time when there is positive news on most legal barriers in the sector it results in better trading. Once investors and shareholders see legal progress it creates speculation that often leads to a rise in the moment. Especially with federal reform which is seen as one of the last obstacles before the industry can see its full potential. In recent news, a key Senate committee has officially scheduled a vote on a bipartisan marijuana banking bill.

Cannabis multi-state operator (MSO) stocks are set to end another week on a high on renewed optimism around marijuana banking reform. The Senate Banking Committee is expected to hold a markup session for the Secure and Fair Enforcement (SAFE) Banking Act in the week starting September 25, according to sources with knowledge of the matter.

In the ever-evolving landscape of the United States cannabis industry, mid-September brings excitement as investors set their sights on the top marijuana stocks. With the legal cannabis market gaining ground nationwide, staying informed about the companies poised for growth in this flourishing sector is crucial.

The rescheduling of marijuana from a Schedule I to Schedule III drug in the United States would be transformative for the cannabis sector, CEOs of leading cannabis companies believe.  Last week, the Department of Health and Human Services (HHS) made a recommendation to the Drug Enforcement Administration (DEA) to re-classify marijuana as a lower-risk drug.

Marijuana stocks could be the investment you need to make. To begin the cannabis industry is still young. Often times in an emerging industry there are a fair amount of obstacles to overcome. But there are also moments where investment opportunities take place. The cannabis sector is one that has a large amount of volatility. What this means is that a company can either trade up or down without warning. But for most marijuana stocks there has been a downtrend due to the amount of volatile behavior.