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· Planet 13 Holdings ( PLNH.F 6.75%) is a marijuana dispensary operator, but that description doesn't do the business or its future potential justice. The company is well on its way to becoming a ...
What are the best cannabis stocks to buy?
· This isn't the typical play on the cannabis industry, but it has an attractive risk-reward profile. When you think of the marijuana industry, …
What is the cheapest Marijuana stock?
Money talks. One of the main reasons why Carter likes Canopy Growth is the company's industry-leading sales production. Canopy claims the No. 1 market share …
What are the top 10 cannabis stocks?
With Stock Advisor, members have access to three reports that address the growing cannabis industry. These reports include stock recommendations that correlate with this expanding market. One Stock for the Cannabis Boom: The Backdoor Play Into Marijuana Investing. Cashing in on Cannabis: Two Beverage Companies to Take Advantage of the Coming ...
This micro-cap company could grow to many times its current size
Planet 13 Holdings ( PLNH.F -3.19% ) is a marijuana dispensary operator, but that description doesn't do the business or its future potential justice.
Planet 13 in a nutshell
Planet 13 was formed in 2015 and has operated its flagship SuperStore near the Las Vegas Strip for several years. It is so much more than a dispensary -- it's about the size of the average Walmart, has cultivation and production facilities, a restaurant/bar, and will soon feature a state-of-the-art consumption lounge.
Several paths to growth
Planet 13 is already the most recognizable cannabis dispensary in Las Vegas, and its brand name is exposed to millions of tourists as a result. This gives the company a massive edge when it comes to expansion, and I think it could end up growing into a national brand as legalization continues in markets throughout the United States.
A micro-cap stock with large-cap potential
Planet 13 is still very much a micro-cap stock. Based on the current stock price, Planet 13 has a market capitalization of less than $600 million. Meanwhile, the company's SuperStore growth plan alone could produce a multibillion-dollar revenue stream as it scales.
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This isn't the typical play on the cannabis industry, but it has an attractive risk-reward profile
When you think of the marijuana industry, real estate probably isn't the first way you think to invest in it. But maybe you should. In this Motley Fool Live video clip, recorded on Jan.
NYSE: IIPR
Matt Frankel: This is Innovative Industrial Properties, ticker symbol IIPR, I believe I got that right. Well, I'll let Marc tell you all about it. It's a fun stock to talk about.
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What are the stocks that are ahead of the pack in cannabis?
Take the guesswork out of investing in a cannabis company by sinking your cash into stocks that are already ahead of the pack. Trulieve Cannabis ( OTC:TCNNF), Verano Holdings ( OTC:VRNO.F), and Green Thumb Industries ( OTC:GTBIF) are multistate operators that are already profitable, and just becoming more so. All three had quarterly sales of $120 million or more and quarterly earnings of $45.5 million or more.
How many dispensaries does Trulieve have?
The deal with Harvest Health makes Trulieve a national player. Of the company's 83 dispensaries, all but five are in Florida. The addition of Harvest Health gives Trulieve an estimated annual revenue of $1.2 billion and exposure to a budding marijuana market; recreational sales began in Arizona in February.
How many dispensaries are there in Pennsylvania?
It's also making a big push in Pennsylvania, with 10 medical-use dispensaries and eight more planned, and in Illinois, where it has five dispensaries that are used for medical and adult-use marijuana and an additional five adult-use dispensaries.
How profitable is Trulieve?
Trulieve has been profitable for 13 consecutive quarters. In the first quarter, it reported record revenue of $193.8 million, up 15% over the fourth quarter of 2020 and up 102% year over year. It had net income of $30.1 million, adjusted EBITDA of $90.8 million, and an awesome gross margin of 70%.
What is the profit margin of Verano?
Verano also has a nice gross profit margin at 62%. It may be the best bet of the three for long-term growth and it certainly is an up-and-coming multistate operator, but the relative newness of the company as a public stock makes me more comfortable with the other two picks for the time being.
What state does Dharma Pharmaceuticals own?
Just before the end of the quarter, the company bought its way into its 13th market, Virginia, by purchasing Dharma Pharmaceuticals. This gives it one of five vertical licenses in the state, including a production facility and one retail store, with the option to open up five more stores in Virginia.
Who bought Harvest Health?
Instead, Harvest Health itself was bought out by Trulieve, while Verano Holdings has grown with its own recent acquisitions. It bought Arizona cannabis companies Territory, Emerald, and Local Joint, making it the third-largest cannabis company in the state.
