In a recently released analyst research report, Northland Securities analyst Greg Gibas reiterated his buy rating on shares of Planet 13 Holdings Inc. (CSE:PLTH) (OTC:PLNHF) with a price target that suggests some big upside to come.
This analyst update comes just a few days after Planet 13 Holdings announced the national launch of its Planet M CBD line.
Greg Gibas’s price target of $3.25 USD per share implies a potential upside of approximately 77.60% based on the last traded price of $1.83 USD per share on the OTC markets.
“Over the course of 2019, we will begin to take additional steps to leverage the SuperStore’s growing visibility and unique position as a sales platform, to continue expanding our successful brand portfolio both within Nevada and beyond. Along with our Medizin brand of high THC products, Leaf & Vine which is a high CBD to THC line, and now Planet M a 100% CBD line we have products to meet any need,” said Bob Groesbeck Co-CEO of Planet 13.
“Planet M line of CBD products will initially be offered at the SuperStore and the Fashion Show Mall. We will look to expand retail locations over the course of the year, focused initially on the Las Vegas strip where we can drive crossover advertising of the SuperStore and online where we can continue to build our profile across the United States.”
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