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Well hello there folks and welcome into today’s video i hope you guys are doing great out there as always look at where we’re in arizona welcome to arizona you know i’m in arizona when i got the helicopter above my head okay you got it it’s hot in arizona you gotta always run fans all right so anyways guys we got a lot to discuss in today’s a video okay we’re
Going to discuss this stock they have over 350 thousand dollars in and what is the news in relation this because there’s some massive massive news in relation to this stock and i mean massive okay and this news came out late last week but here’s the deal i didn’t really want to talk about it because i wanted to really like fully wrap my head around this this is
Such a huge deal for this company and they’re spending a lot of money on this deal essentially that i wanted to be able to speak on this on a i would say educated level and why this is such a big deal so i’ve been kind of researching over the weekend spending some time on this one and now i’m finally ready to kind of talk about this deal and what this means for
The stock overall which i think is very very important because a lot of folks uh you know they might have seen this deal they might not have seen this deal but what does this actually mean for the stock price over the coming years and things like that guys so yeah i hope you enjoyed this video hope you enjoyed me uh kind of going in depth on this and explaining all
These different elements and the research work that went in behind the scenes uh in relation to kind of trying to figure out how big of an opportunity this is for this particular company so all i ask in return is that you guys smash that like button that helps that huge youtube algorithm it lets me know you guys appreciate a video like this where we go into some
Research uh in depth on a subject and me explaining why this is such a huge deal for this particular stock okay so yeah i hope you guys enjoy this by the way if you want to check out our brand new course uh just launched very recently here how to invest like a pro in 24 hours or less check out the pin comment down there and we also just launched a brand new uh text
Service essentially where if you text me i’m gonna try to get back to five people a day ask me a stock market related question it might be way more volume than i can personally handle so uh but you know i’m gonna try my best to get back to five people a day and that’s the goal and so that will also be down there as pinned comment already guys let’s get into this
Here so the stock is the planet okay which is a 4.92 stock and um this is not a stock that is very talked about outside of probably my channel and uh not a mainstream media stock or anything like that but there’s some massive news that came out and i want to explain this in detail i have you know over 350 000 in the stock here i got 251 thousand dollars here i got
49 000 here i got 22 000 and then 31 000 there in the planet and those are my planet shares i’ve been a shareholder now for uh probably about a year and a half roughly and obviously we’ve done very well in the position and i’ve actually averaged up on the position many many different times when i’ve been in the stock especially in my big dog account that one i’ve
Averaged up on several different times that’s why the percentage gain isn’t as crazy as some of these other accounts uh let me see one of these accounts this i think this account here i never averaged up on so the percentage gain is the biggest but look where the dollar amounts the biggest right so uh some food for thought there okay now before we get into this
Huge news i just want to cover because i know not a lot of people you know like like you know pay attention to stock or know about this stock i just want to explain something like why is the stock went on a crazy run over the past you know almost two years now right well essentially this is a company that they had one superstore in las vegas then roney rona comes
February into march of 2020 right next thing you know vegas has to completely shut down the strip completely shuts down and there was a lot of folks that thought the planet was going to go out of business like literally the stock was going to go to zero okay and so stock sells off i think it reached uh lows of 60 cents or 80 cents or something insanely low because
A lot of folks just felt like this was it for the company like they’re going bankrupt the stores closed no one knew if the store was going to be closed for you know three months six months nine months 12 months or a year so like at that time there’s a lot of people thinking like maybe the economy was gonna be shut down for years or something like that people didn’t
Really know right there’s a lot of fear in the market so stock dropped under to one dollar and then essentially what happened is the company pivoted to delivery and curbside pickup for their product for the las vegas market right and this helped the business create some cash flows keep their employee force and things like that next thing you know vegas starts to
Open back up at least a little bit in the back half of may of 2020 right and then throughout that summer time i would go you know drive by the location and whatnot and i was already investing in at this point and the the place was busy like really really truly busy and so you had a situation where oh my gosh this place is getting busier and busier and now they
Have curbside pickup now they have delivery of their product as well and next thing you know the stock starts to go up more and more the numbers start to come out and they’re crazy good last year there was a point last year where analysts expected this company to have negative 50 plus revenue growth and then the company ends up you know blasting those numbers way
Better than anybody expected not just like way better but way way way better than anybody expected and next thing you know the stock is starting to fly high they raise more and more money they are they open up their medicine store which is also in vegas a smaller format store then they announced they’re gonna open orange county store they open the orange county store
And the rest is history and they’ve obviously raised a lot of money along the road and they have nine figures plus of cash on the balance sheet as they you know raise money okay and so this went from a company this is sometimes how you get these crazy moves up in a stock where you get a company that was literally folks thought was going to go bankrupt doll said
Oh they’re not going bankrupt but they’re also not just in a healthy place but their business is booming and it happens like like that okay and i applaud the management team because this business let’s be very darn clear this could have they could have went out of business this could have been a zero dollar stock the management team got this company through to the
Other side to fight another day and my gosh have they thrived and now this company’s in a position where they actually have the potential to become a jack jackson giant okay a cannabis giant and that is extraordinary when you consider it wasn’t that long ago that this stock was would seem like it was going to go bankrupt okay and this company’s gonna go bankrupt
So huge deal right but we had some massive massive news that came out okay so i want to explain exactly florida for a minute in the cannabis market in florida because i think this is really really important to understand what exactly is going on here and why is this such a big deal okay the coastal state’s journey to cannabis legalization has been challenging
One in 2016 over 70 percent of people in florida voted for a constitutional amendment to allow the use of cannabis for medical purposes however in 2017 legislation that created the state’s legal medical cannabis framework then governor rick scott banned smoking medical cannabis it wasn’t until march of 2019 that ron desantis the current governor of florida lifted
The ban on smokeable marijuana in this face of these challenges the sunshine state has developed one of the most attractive medical cannabis markets in the country in fact florida’s medical marijuana space is one of the fastest growing in the country okay in the country florida’s medical cannabis high growth market florida’s large population the third biggest in
The united states is a factor in the attractiveness of the cannabis market the state is also the fourth largest economy in the us with a gdp of over 1 billion dollars in 2020 and that was on a down year right in 2020 the arc view market research and bds analytics showed that u.s illegal cannabis industry is expected to grow by 18.2 percent between 2019 and 2025
To reach 33.9 billion dollars florida ranks among the jurisdictions that will contribute the most to that growth the total addressable market or total available market tam is one of the most critical factors for any industry states dustin robinson founding partner of mr cannabis law in an article written for green entrepreneur florida’s mj industry happens to
Be one of the strongest teams in the world he says as of june of 2021 update from florida health’s office of medical marijuana use okay the state had 569 thousand 450 qualified medical marijuana patients in 2542 qualified physicians this market is a large one needless to say okay in 2017 florida’s medical marijuana law established a cap on the number of medical
Marijuana dispensaries and required that each one center be vertically integrated they all had to manage their own operations from cannabis cultivation and processing to distribution and sales the cap on the number of dispensaries expired in april of 2020 while the vertically integrated requirement portion of the law underwent a three-year court battle the supreme
Court of florida recently upheld the legislation meaning that this requirement will continue to shape florida cannabis market for years to come during a panel discussion steve hawkins not the other one okay ceo of horizons etf management canada said he views vertical integration as one of the key benefits for us companies compared to the canadian cannabis market
Only players that have been able to develop cannabis production manufacturing distribution capabilities can compete in the marketplace oh what what uh mj company meets that criteria oh it’s the planet vertically integrated across the board okay big stuff here as of march of 2021 the state had 22 licensed medical marijuana treatment centers okay and five
Laboratories licensed for the third party testing the low number of licenses currently awarded creates high entry barriers okay because you can’t just get a license that easy right which is a big plus for the currently operating companies that are already established and have a strong foothold in the market remember guys keep all this i’m telling you in the back
Your head because it’s all going to make sense in a big way in just a second okay barriers you know big entry barriers right robinson believes that quote the 22 licenses are a great position to build multi-billion dollar companies in florida’s growing marijuana industry okay multi-billion dollar companies just in florida’s growing marijuana industry keep these
Numbers in the back your head okay these 22 established licenses will also have an advantage if and when recreational cannabis becomes legal in the state in florida the medical marijuana license also allows current mmtc’s to build out as big of a footprint as possible in preparation for adult use recreational legalization okay so these licenses are huge and the
Companies that are vertically integrated will benefit the most obviously from this in companies that get a strong foothold in florida are going to have a massive advantage for the recreational market when recreational is allowed out there right and you put all these things together this is huge okay and so if you think about it right the florida market could make
A lot of dang sense for the planet to be interested in entering this market right but the problem is it’s not easy to get one of those licenses it’s actually incredibly hard there’s only 22 of those licensed you know medical marijuana treatment centers right that’s that’s tough right well the planet does tough stuff okay the planet a leading vertically integrated
National cannabis company announces that is entered in a definitive licensed purchase agreement with a subsidiary of harvest health and recreation which is the seller okay and that’s also a public company pursuant to which a newly acquired subsidiary of the company to be renamed planet 13 florida will purchase a license to operate medical marijuana treatment centers
Issued by the florida department of health to the seller and no other assets or liabilities from the seller for 55 million dollars in cash okay now first off let’s address elephant in the room okay uh 55 million for no assets just a license i thought when i first read that this is another reason why i want to do more research on this because i was like that seems
Like a really large number like 55 million a company had you know nine figures of cash but like i think was 140 mil or so so you take 55 mil away also now we’re under 100 mil in cash right so i thought wow 55 ml seems like a lot but then i did a little research on this and what i have found is a ton of these licenses have been sold you know in different markets
For we’re talking 50 mil 60 mil i’ve seen some even like around 70 mil or so okay so the number is not that crazy and especially when you think about the long-term opportunity and how limited it is and this is another huge barrier to entry because there aren’t a lot of uh you know cannabis companies that just have 55 million dollars sitting around uh basically in
Just cash that they can go ahead and buy with these licenses so if you think you’re just going to be a mom and pop and pop up in this market or something like that good luck to that okay that’s all i’ll say about that you better have a whole lot of money behind you and a whole lot of uh connections and influence all right now let’s get in this little deeper what’s
The plan here licensed medical marijuana treatment centers are vertically integrated and the only businesses in florida authorized to dispense medical marijuana cannabis to qualified patients and caregivers mmtc’s are authorized to cultivate process transport and dispense medical marijuana as of august 26 2021 there were 22 companies with mmtc licenses and 371
Dispensing locations across florida license holders are not subject to restrictions on the number of dispensaries that may be opened or the number of size of the cultivation and processing facilities they may operate okay so you’re looking at these 22 companies are in prime position in florida right they’re in prime position because they’re not limited by like
You know what all the other players are limited by when it comes to all these sorts of things so if you have one of these licenses it’s a huge deal we can’t overstate that enough it is a massive massive deal when i first read it i was like 55 mil for a license and then you you start understanding the numbers behind and you understand how big of a deal it is to be
One of those 22 companies and you start to figure out and you’re like you start running the numbers up and you’re like oh my gosh this is actually crazy huge opportunity right florida has long been one of the most coveted markets with over 20 million residents 130 million annual visitors an incredible consumer demand already demonstrated in the medical program it
Was important for us this is planet talking it was important for us to enter the market prior prior to a transition to adult use which is basically recreational use to put the pieces in place to capitalize on this market in both the short and long term said larry schaffler coco this is something i love about the company do not just focus on the short term and
Running up the numbers in a short term this company is focused on the long term in the long term visions of hopefully building this company in a multi multi billion dollar company if not a 10 billion dollar plus company over the coming years right they’re focused on not just the next year they’re focused on the next three years five years seven years ten years
Which i think is really important we are excited to introduce our best in class retail experience and portfolio of popular products to the florida market and continue to build the planet 13 brand across the united states remember we just heard them doing a deal essentially very recently in chicago right now they’re doing this deal i mean it’s setting up like 2022
And 2023 could be big years for the company in terms of opening new stores all right massive massive after a lot of planning on how we wanted to approach this market now is a time for action we are well capitalized to compete with the initial build out of our cultivation and retail plan which includes a network of neighborhood stores in priority metro areas to
Support future super stores in miami or orlando and other tourist destinations said bob grosbeck co-ceo the company we have a successful track record of completing large retail and cultivation build outs on time and on budget and that is true this expertise combined with our differentiated experience driven retail in diverse product portfolio gives us confidence
Moving in the florida market and we’re talking about like you know this is one of the biggest markets you could possibly get in this space if not you know the biggest over the coming years so this is a a massive massive deal other than maybe california like i can’t think of a bigger market i would want to be in over the coming years than honestly florida okay this
Is absolutely a crazy big deal right the company just announced they’re going to be building three similar marijuana superstores in florida orlando miami and tampa plant 13’s las vegas location has been open for just over two years it’s been quite the tourist attraction 126 000 people came through the front door last month said larry scheffler the the planets
Uh you know ceo there okay so this puts the company in a position now right where they’re set up to thrive in florida for years and years to go in the future as long as they execute now right they have the license they’re ready to rock and roll so now it’s just about execution now what is the level of confidence i found around this company executing and doing a
Great job in florida and building up revenues and then building those revenues into big profits right well based upon what we’ve seen over the last few years from the planet and being put in an incredibly hard situation and making it through that situation and thriving and we we see the type of management team this company has i have no disbelief at all that this
Company will not do anything other than thrive in florida over time okay and now you’re looking at a company that is set up to become a giant okay that’s why i got andre the giant here this there’s no doubt in my like i’ve always you know as i’ve invested in this company the thing that has excited me more and more over time is the fact that this company’s setting
Up to become an mj giant right this is going to be like i’ve talked about in regards to this industry there’s going to be you know i wouldn’t be surprised if there’s you know 20 30 40 companies that have billion dollar plus valuations in this industry over time and there’s going to be some companies that have there already are some companies but there’s going to
Be a lot more in the future that have you know 10 billion 20 billion 50 billion if not 100 billion dollar type valuations on some of these companies right and if i look at like who are some of the best position companies out there in my opinion the plan is among those right at the top when you look at the execution the management team has had when you look at the
Capitalization of this company when you look at the products and services they have out there and how much people love those right and so and i think about their vertically owned brands how vertically integrated is everything is lining up here for the planet to become a giant in the future guys and that’s what’s really excites me about this one so i’m super pumped
For it i can’t wait to see you know what they do in florida over the coming years obviously they got a chicago location coming as well a lot of huge stuff okay and i’m a proud shareholders company if anything i’ll be buying more of the stock before i ever think about selling the stock let’s put it that way because the long-term opportunity here is massive for this
Company and it’s sitting around a one billion dollar mark cap and i’m looking at this company i’m saying i think they definitely have potential to be a 5 billion 10 billion if not bigger than that type company in future years guys so hope you enjoyed this video as always if you want to check out a brand new course how to invest like a pro in 24 hours or less check
Out the ping comment down there if you want to text me any stock market related questions i might also have that as a pin comment down there and i try to get back to maybe like five questions a day much love as always guys and have a great day
Transcribed from video
I HAVE $350,000 IN THIS STOCK. JUST MADE A HUGE MOVE By Financial Education
