Cannabis & Hemp Stocks Investment Tools – Schedule Demo Now!


Planet 13: Should You Buy the Dip? This cannabis stock has dropped over 50% in the last 6 months but should you buy the dip?

Planet 13 Holdings (PLNHF) is a vertically integrated cannabis company cultivating and distributing cannabis products in Las Vegas. They have a huge dispensary which is over 100,000 sq ft near the strip. The company is headquartered in Las Vegas, NV. Let’s investigate the fundamentals of Planet 13 to see if it makes sense to buy the dip.

Planet 13: Should You Buy the Dip?

Best Hemp Stocks

Planet 13 is focused on becoming a leading global brand known for its distribution, operations, and manufacturing of innovative cannabis products. The company is currently open at their Santa Ana CA super store and looking to expand into FL and IL with super stores in 2022.

The company signed strategic partnerships with suppliers of concentrates, cartridges, and tinctures to supply high quality cannabis products for its superstore in Las Vegas. Their new highly automated production facility in Las Vegas will use robotics to reduce costs and will be able to process 600 lbs plant biomass per day. They account for 9% of all cannabis sold in Nevada!

Revenue in Q3 2021 was $33 million and was $22.8 million in Q3 2020 (45% increase). They also have $73 million cash on hand. Net losses for Q3 were $10 million meaning they are burning cash at a high rate.

Will its stock price improve in the long term? We think so. But not before some more losses to end 2021 and into 2022. We think their stock will move below 52-week lows into the low $3s.

Bottom Line: Is Planet 13 Stock a Buy?

Best Cannabis Stocks-2021

The long term outlook, however, is much brighter. Entry into the huge FL and IL markets, any growth in CA and LV with covid-19 easing (large variable with Omicron variants) will have their revenues in the high $300 to $400 million per year range. This will push their stock much higher.

With plans to uplist their stock in the USA and strong cash on hand, there are good signs ahead. Another good sign is that Planet 13 management holds over 50% of company outstanding shares listed which shows their confidence in the long-term outlook of the company. We think it provides great dividends to its shareholders and has a great chance to continue to grow.

For all these reasons we rate PLNHF as Weak for now but Strong in the 1-2 year range. Should you buy the dip? While this is certainly a great long term play, only buy the dip if you’re willing to wait 1-2 years to start seeing significant returns.

Planet 13: Should You Buy the Dip?


About Cannin: Your Cannabis Stocks Resource

78% of Cannin’s fundamentals prove true within 30 days or less on 100+ recommendations over the past 2 years.

Cannin is your #1 trusted resource for cannabis stocks. Our global team of experts evaluates all emerging cannabis stock investing opportunities. In fact, we aggregate hundreds of hours of financial research and provide tips on the best cannabis stocks for 2021. 

Use Cannin as your resource for:

Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.

Are you looking to buy stock in hemp companies or marijuana companies for 2021? If so, are you interested in new penny hemp stock companies? Or, looking for the best Canadian cannabis stocks to invest in? Maybe, you’re looking to leverage the power of algorithmic stock trading to beat the cannabis market? We can help.

Are you interested in cannabis stocks like Curaleaf, Trulieve, Aurora Cannabis, Charlotte’s Web, Canopy Growth, or Hemp Inc.?

Predict price movements of cannabis stocks several hours in advance with our proprietary algorithmic stock trading software.

  • +30% Gains in 2020
  • +49.8% Gains in 2019
  • Backtested since 2012

In fact, we’re so confident you’ll love our algotrading cannabis stock signals, we’re willing to give you a one week risk-free trial to see it for yourself.

Profit from the best cannabis stocks – we’ll show you how at cannin.com.