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Well holy smokes folks the planet yes the planet planet 13 triples revenue in q2 to 32.8 million dollars we’ve got to talk about these plan 13 earnings what did the ceos of the company have to say about these earnings i saw definitely a lot of comments in the video earlier today about you know me giving an update on these earnings my opinion here that just came
Out here a couple hours ago so i’m gonna give my my two cents on this i’m gonna tell you if i’m buying the stock tomorrow if i’m not buying the stock tomorrow and why i would be buying or not buying the stock tomorrow so we’ll talk about all that this is a planet dedicated video hope you guys enjoy this as always all i ask in returns that you smash that like button
That’s literally it guys appreciate you being here and shout out to anybody that’s in the planet squad if you haven’t got a chance to check out the hungry bull yet definitely check it out it is on ios and android now we just keep making that app better and better week after week after week and that is our plan and i’m gonna probably listen to the earnings call of
The planet on there tonight i think we should have it up there tonight and uh yeah i’m really really excited that’s a way to track your stocks cryptos read our daily newsletter along with so much more if you’re looking to join us in the private discord chat with our six and seven and eight figure members in there or you’re looking to download everything i know about
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A strong quarter for planet 13 with tourism back the superstore in store experience is once again proving that is on the list of must-visit destinations for any trip to vegas said larry scheffler co-ceo of planet yes so very exciting every week thousands of people share their experience at the store with their friends on social media and the compounding impact of
That organic marketing is obvious as even after being open for three years we are seeing strong growth and increasing share of the nevada market every month said larry scheffler co-ceo of the planet okay this is great news i mean this is one of the reasons i’m so bullish on the company that experience is so dang cool when you go to the planet it’s so it’s so over
The top that people gladly will advertise a company for free and talk about their experience and put on instagram put on tick tock and whatever other social medias folks are on put on facebook whatever okay because people are jacked up about the experience put on their snapchats like it’s just so dang cool every time you ever go to vegas location there’s people
Out in front taking pictures having people take pictures of them right in front of the the massive ball this is plant 13. it’s just it’s a over the top experience okay along with our dispensary operations our product brands are continuing to gain traction according to headset data haha which is a brand that’s owned by the planet haha was the number two edibles and
Number three beverage brand in the state of nevada and trendy which is another brand owned by the planet was the number three concentrate in number six vape brand this is great okay so you know long term i think actually you know everybody gets so caught up in the retail locations and that is so exciting like more and more superstores around big cities around the
United states and maybe even international long term that’s a super exciting you know proposition over the next five ten years but the even bigger and more profitable opportunity in my opinion is actually the company’s own brands and building those brands out to be beasts on themselves and um because essentially i look at it and i could i’m i’m seeing the planet and
I i see like a cabela’s bass pro shop type experience where it’s just so crazy over the top but in obviously in the the jack jackson space but then on top of that they’re going to potentially own jack daniels and patron and some of these other brands you know that will be the jack daniels or patrons of this uh industry over time and so that is extremely exciting
Along with the stellar performance from our nevada operations 2021 has been about securing our next growth opportunities commented bob grosbeck co-ceo of the planet i’m proud to say we opened orange county location on time on budget two very you know if you’re judging the the management team one you could judge them off of how well they handled the situation last
Year i mean last year you know some folks thought this company could have went out of business and they grew like a beast i mean it’s absolutely amazing right a lot of folks had anticipated the planet’s revenues to be down 50 plus percent whoo that surely didn’t happen okay and so they did an amazing job last year right but then when you see stuff like this this
Gives you even more confidence in the management team opening a new location on time and on budget not you know three months later and then uh you know 30 million dollars more than expected right we are now focusing on growing consumer awareness that will ultimately drive sales we know are possible from that location talking about orange county okay and you
Know is man the orange county store i can tell you that thing is beautiful and the customer service was amazing the location uh you know uh definitely a little strange at night time but from my understanding during the daytime that road gets a lot more traffic it’s just a very different uh you know i guess you’d say customer patterns then the vegas store the
Vegas store gets crazy at night time whereas the the planet from my understanding orange county store is the busiest actually during daytime very interesting okay subsequent to the quarter we also want a dispensary license for the chicago area giving us a clear path for our next superstore supported by a robust m a pipeline and over a hundred and thirty million
Dollars in cash planet 13’s futures bright i think i started buying this company when it was a little over 130 million dollar market cap it was like you know i don’t know maybe 150 million something so it’s crazy company now has 130 ml cash has been absolutely amazing they’ve been able to raise money like no no no issues at all okay because their business is just
Phenomenal and people are are glad to you know help support it right revenues 32.8 million compared to 10.8 million that’s an increase of 205.2 percent year-over-year not a lot of companies are growing that fast gross profit before biological adjustments was 18.7 mil or 56.9 percent gross profit that is wow okay as compared to 4.7 mil or 43.8 percent operating
Expenses excluding non-cash compensation expense and depreciation amortization was 12.5 million dollars as compared to 5.8 million dollars it’s an increase of 114 percent should kind of expect that new locations expansion of the company yes net loss before taxes was 0.9 mil as compared to net loss of 3.3 mil yeah so that’s a definitely a positive right net loss
Of 4.4 mil as compared to net loss of four mill adjusted ebitda is adjusted ebitda this is a metric that uh you know most folks that are in growth stocks which obviously the plan is a huge growth stock growing revenue is 205 percent year over year right when it comes to a stock like this most folks put the uh the biggest emphasis after revenue growth and i actually
Adjusted ebitda adjusted ebitda came at 7.2 million dollars that says compared to just to ebitda loss of of 600 thousand dollars basically in the previous uh year in the same quarter right so wow massive massive difference there so planet the numbers yeah they get two thumbs up from me okay now look at this balance sheet-wise cash of 136.3 million that’s compared
To 79 million at the same time last year or actually as a december 2020 okay uh total assets now 226.2 mil that’s compared to 150 mil back in december total liabilities 37 mil versus 29 mil back in december so yeah their cash obviously the pile is to the sky and total assets pile to the sky so yes uh i definitely say the planets in a great great position balance
Sheet wise okay now conference call i missed a conference call i had to go run do some errands and whatnot but i’m going to listen to that i’m hoping we can have it on the hungry bowl app tonight for you guys and that would be amazing so i’m hoping to listen to it on there as well usually we can get the conference calls up within a few hours after them ending
Okay so hopefully that will be up on the hungry bull tonight and i can’t wait to listen that beast i’m really look you know as far as what i’m going to be paying attention to most in there for me and then we’re going to get into by the way we’re going to get into you know if i’m buying a stock or not buying the stock tomorrow and why but what i’m going to be most
Interested to listen to in the conference call over everything else obviously i want to listen to everything right but there’s two core things i want to know in that conference call one is orange county is business consistently ramping pretty much week in and week out from the boots on the ground it sounds like that but gotta see you know i want to hear from the
Management team themselves okay that i want to know the second thing i want to know is you know if there’s any talk about how big the opportunity is for the planet with their own brands just in california over the coming years over the next three years let’s say could that be a hundred million dollar business just in itself planets own brands just in california
Let’s say three years from now or is that unrealistic any of those type of numbers so those are two main things i’m going to be listening to in the conference call okay now let’s talk about me in regards to stock tomorrow am i interested in buying the stock or not buying the stock tomorrow well to be completely honest it depends on where the stock price is tomorrow
If for any reason the planet sells off more than five percent tomorrow that’s a key number more than five percent tomorrow and as long as i’m awake during the time i will gladly buy some more shares of stock not a ton i’m talking maybe like ah man maybe anywhere from 2 000 shares to maybe like 4 000 shares so not like a crazy number or something like that if for
Any reason this stock is down let’s say more than 10 tomorrow then we’re talking i might buy 5 000 shares of the stock tomorrow if this stock was down more than 10 percent for any reason the market caps under a billion dollars whenever this market cap goes under a billion that’s where i really like to add so five percent i’m keeping an eye on ten percent i’m
Keeping an eye on five percent i’m gonna buy a little ten percent i’m gonna buy a lot think of it like that right if for any reason the stock was down 15 which it probably is not happening but if it was uh maybe then we’re talking all since 7 000 shares or something like that okay so but yeah that’s that situation there now if the stock’s up tomorrow i’m not buying
I already hold a lot of shares in the stock so i would be happy just holding basically what i have uh in the stock so i’m ready it goes down tomorrow i’m ready to buy if it goes down a lot i’m ready to buy big if it goes up i’m ready to hold so that’s me in this situation it’s not a big wall street stock so you usually you’re not going to see some massive move in
The planet uh i would be amazed if this made a 10 or more move either way tomorrow up or down i’d be completely surprised to be honest it’s just not one of those type of stocks yet it’s not you know a lot of wall street funds and whatnot they can’t buy into this because it’s still in a space that’s not federally legalized so i can’t wait guys uh to kind of see
What happens there and listen conference call hope you guys enjoyed this video as always if you’re looking to join us as far as the discord chat downloading everything i know how to make money from stocks ability to know all the stocks i’m buying or selling dm access to me ability to learn how to read financial statements like a pro check out the pin comment down
There book a 30 minute strategy session with somebody hide from my team best of luck getting into that much love as always guys and have a great day let me know what your opinions on the earnings in the comment section
Transcribed from video
$4 GROWTH STOCK JUST REPORTED GAME CHANGING NUMBERS (200%) By Financial Education
