Northland Securities restated their buy rating on shares of Planet 13 (OTCMKTS:PLNHF) in a research note released on Monday morning, AnalystRatings.com reports. Northland Securities currently has a $3.25 price target on the stock.
“We believe CA is a very attractive and sensible brand extension for PLTH given the state’s market size and its proximity to the successful brand recognition PLTH has established in NV. Key Points Following its thorough and deliberate search that took many factors into account, management identified a premier retail site located within the city of Santa Ana where it intends to open one of the largest dispensaries in the world (~40K sq ft), behind its Las Vegas SuperStore location. As we’ve previously mentioned, we believe the California market is the first logical point of national expansion for Planet 13’s brand given the early success the company’s achieved in the neighboring Nevada market.”,” Northland Securities’ analyst commented.
Planet 13 stock opened at $2.10 on Monday. Planet 13 has a 1 year low of $0.50 and a 1 year high of $2.70.
Planet 13 Holdings Inc, a cannabis company, cultivates, produces, and distributes medical and recreational cannabis in Nevada, the United States. It also operates dispensaries that provide recreational cannabis, cannabis extracts, and infused products. In addition, the company sells its products online.
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