Diversify Around And Find Out: Can Vegas Superstore And Florida Sales Boost This Weed Penny Stock?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2024
0mins
Should l Buy ?
Source: Benzinga
Stock Performance and Valuation: Planet 13 Holdings (PLNHF) has experienced a 29% stock drop in the last month, yet it remains an attractive investment opportunity due to its lower valuation (1.1x sales multiple) compared to competitors like Green Thumb Industries and Curaleaf.
Growth Prospects: The company is focusing on expanding its operations in Florida with plans to open 8 new stores by 2024 and improve cultivation yields, positioning itself for long-term success despite regulatory challenges in other states.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
