Stocks to buy: Planet 13 Holdings Inc (OTC: PLNHF) (CSE: PLTH) – RICH TV LIVE – Septemebr 30, 2018 – On November 1, vertically integrated cannabis company Planet 13 Holdings (CSE: PLTH) (OTC: PLNHF) will open its superstore right off of the Las Vegas strip. Taking a note from the city’s grand hotels, everything about the massive retail store will be over-the-top. Co-CEO Larry Scheffler and CFO Dennis Logan gave New Cannabis Ventures details on the new retail location, the company’s Nevada footprint, and where they see future growth.
Hey guys this is rich from rich tv live we’re sixteen days three hours 26 minutes and 45 seconds away from history and there’s some news here about a company that i’ve been watching very closely planet 13 to light up las vegas with a new cannabis retail experience let’s take a look at planet 13 exclusive interview with co co larry schaeffler and cfo dennis logan of
Planet thirteen holdings on november first vertically integrated cannabis company planet thirteen holdings under the symbol on the cse pl th on the otc under the symbol pl n hf will open its superstore right off of the las vegas strip i say pardon now guys remember rich tv live is strictly for education entertainment purposes always do your due diligence always do
Your research before you invest in anything that we talked about here on rich tv live now when we talk about companies we want you to we want you we want you to like no we want you to know companies that we want to know we want you to know why we like companies we want to know why you don’t like companies there’s always a reason why company is successful or isn’t
Okay and it’s important it’s very important for everyone to be able to do the due diligence it’s very important for everyone to be able to do the research you want to know why you like a stock or why you don’t like a stalker why you’re going to buy a stock where you’re not gonna buy a stock well look at this this is one that has been climbing on august 18th it was
At 59 cents look at the way it is grown i’m gonna mark it here 59 cents i mean what a jump all the way from 59 cents to a high of it’s been as high of 2/3 unbelievable and right now it’s back down to around a dollar ninety four so it’s gone up dramatically here over the last little while and if you look at bar chart calm you can see just in the last month it is
Up 110 percent so please guys put pln hf on your watchlist put it on your radar it could be a big winner and let’s find out a little bit more why taking a note from the city’s grand hotel’s everything about the massive retail store will be over-the-top co-ceo larry schaeffler and cfo dennis logan gave new cannabis ventures details on the new retail location the
Companies in nevada footprint and where they see future growth schaeffler and his co co robert groesbeck met through the henderson city council in the 1990s and did land deals together with groesbeck serving as shufflers attorney when it became apparent cannabis was moving away from prohibition the co co slept at the opportunity logan spent years in investment
Banking before being approached by a number of canadian cannabis companies but he was intrigued by the capital markets and the size of opportunity in the us planet 13’s vertically integrated vision for nevada appealed to him so he came on board as cfo the opportunity in america is great this is what i’ve been really telling everybody canada is a great opportunity
But america is ten times bigger this has the chance to be enormous if you liked this video smash the like button comment down below share the video everywhere i’d like to know your opinion about this and if you want to learn where i get all these tools you just got to go to wwe tv live.com go to our website hover over stocks all the tools you need are right there
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Social media platforms so thank you for all of your support and we really appreciate it now let’s get a little bit more into this the nevada footprint right now planet thirteen has two dispensary licenses one medical and one recreational and grow and production licenses in clark county nevada in ninety located approximately 120 miles northwest of las vegas the
Company owns 80 acres of land zoned for up to 2.4 million square feet of grow while the company does have a medical product line metazine that will continue to serve patients the main focus will be on the recreational side of the business this is the photo of the planet 13 dispensary open in nevada looks very high-end not the average dispensary approximately 55
Million visitors flocked to las vegas every year and planet thirteen intends to capture their business according to schaeffler the company’s superstore is set to open in a 112 thousand square foot building that used to be a coors distribution location after the initial opening the store will still have 75,000 square feet available for expansion in subsequent phases
Beautiful the superstore has a prime location just 2,500 feet from the front door of the wynn hotel and on the only pedestrian walkway off the strip to any cannabis retail location what a beautiful location a rendering of the planet thirteen superstore interior it looks wonderful planet 13’s existing dispensary is located 6.5 miles off the strip and attracts 720 to
740 people a day the new sofa super store located within walking distance of the strip could conservatively pull in two thousand people or more with an average daily spend of $75 per person according to schaeffler wow i mean let’s just do some quick math so if you’ve got 2,000 people and they’re spending an average of a hundred a day that would be $200,000 a day of
Revenue that the dispensary would be bringing in that is incredible so at even at $75 per person that’d be a hundred and fifty thousand dollars a day that the dispensary is making unbelievable when it comes to competition there is just one other dispensary close to the strip the other 45 dispensaries in the state are located well away from that central entertainment
Destination according to schaeffler can you just imagine cannabis superpower on the strip vegas people from all over the world just walking in getting their cannabis and going on with their day i just think this is going to be a monster the company is betting big on a las vegas style experience when it comes to attracting people to the store did i just say that
Planet 13 is spending more than 1 million on special interactive experiences people can enjoy whether they are buying or not for example a control panel outside the store will allow people to change the lights and music that go with the 15 foot lotus-flower sitting on top of the store that’s pretty cool see if those types ideas love it planet 13 beyond las vegas
Schaeffler and his team are confident in the company’s growth in nevada but they are looking to set up shop across the country can a royalty cr-z otc see and nrf look to acquire the company about a year ago according to schaeffler but planet 13 did not want to sell a majority stake instead kenner royalty ceo mark lustig and greg wilson a founding director of cannon
Oil tea joined the company’s board of directors and guided planet 13 through the process of going public schaeffler also sees their expertise as a valuable asset as the company grows outside of nevada while the superstore the size of planet 13s las vegas location isn’t possible in every market the company sees taking a version of it across the country the company
Could bring five to seven thousand square foot mini super stores to places like reno los angeles san diego miami and boston schaeffler envisions building a brand similar to the hard rock cafe every location will have an experience that appeals to its market and sets it apart from the competition i love that there being unique planet 13 is attracting both retail
And institutional investors from canada and the us according to logan the company has had a strong first half of the year with eight million in revenue and logan expects the third quarter to exceed second quarter revenue the fourth quarter which includes the opening of the company’s superstore could mean a particularly strong close to the year all depending on
How long it takes the store to ramp up i love this company put on your watchlist put on your radar i do not own it yet but it is one that i’m watching very carefully and it is one that i would love to own in the future if i buy it i will let you know please let me know what you guys think planet thirteen to light up las vegas with a new cannabis retail experience
It has been a big winner up dramatically dramatically in the last month and a half alone its up 200% this is your boy rich and we are only 16 days three hours 16 minutes and 47 seconds away from history it’s true if you’re not winning you’re not watching planet 13 what do you think big winner pln hf in america planet 13 what do you think smash that like button if
I win and you win we all win on the canadian securities exchange under the symbol pl th on the otc pl nhf mo peace
Transcribed from video
Stocks to buy: Planet 13 Holdings Inc (OTC: PLNHF) (CSE: PLTH) By RICH TV LIVE
