Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
Planet 13 Holdings Inc., headquartered in Las Vegas, Nevada, operates as an integrated cannabis enterprise primarily within the Nevada market in the United States. The company manages the entire lifecycle of cannabis products, from cultivation and manufacturing to distribution and sales, catering to both medicinal and recreational consumers. Beyond its core cannabis operations, which include licensed dispensaries, Planet 13 diversifies its business. It also runs a non-cannabis retail store, an event space, and a suite of hospitality ventures: the Trece Eatery + Spirits, a coffee shop, and a pizzeria. Furthermore, Planet 13 offers various client services such as consultation, educational programs, and convenience solutions. The company develops and owns a wide array of cannabis products, encompassing chocolates, gummies, sparkling beverages, vapes, concentrates, and flowers, sold under proprietary brand names like TRENDI, Leaf & Vine, Dreamland, HaHa, and Medizin.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is of fair value on EV/EBITDA.
Target Price
The average target price of PLTH.CN is 0.27 and suggests 80% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc