e are pleased to have Bob Groesbeck, co-CEO of Planet 13 (CSE: PLTH; US OTCQX: PLNHF), join us as a participant in the Viridian Capital Cannabis Expert Series. Planet 13 is a leader in the Nevada cannabis market best known for its Superstore dispensary in Las Vegas. The company has built a leading brand in the industry through leveraging its leading Superstore volumes and is poised for initial state expansion with a California dispensary set to open in July. We expect additional state expansion is forthcoming in the near term and are confident that any new assets will make a significant splash given management's proven track record of innovative (and profitable) development in Nevada.
We launched research coverage of Planet 13 with a Buy rating and $9 Price Target in April.
We invite you to join an open discussion with Mr. Groesbeck, hosted by Viridian's Director of Equity Research, Jon DeCourcey, on Thursday, June 17th at 11:00 AM EST. Topics to include:
-The Nevada cannabis market and more specifically the impact from a return of tourism to Las Vegas following the recent lifting of capacity restrictions and vaccine progress.
-The near-term opportunity from legislation related to cannabis consumption lounges in Nevada.
-Cannabis brand development and how Planet 13 has leveraged its Superstore to build awareness for its line of branded products.
-The upcoming opening of the Santa Ana, CA dispensary.
-Additional state expansion plans.
Please click here to view the webinar recording.
*Marijuana remains illegal under federal law. The Federal Government does not recognize marijuana to have any medicinal values. Marijuana cultivation, possession, consumption, sales, and distribution are illegal under federal laws and also certain state laws. Please note that there are differences in marijuana laws from one state, county, or city to another.