Could Planet 13 Be a Millionaire-Maker Stock?
Planet 13 (OTC: PLNH.F) is one of my favorite cannabis companies. Its slow-and-steady strategy has allowed it to fine tune its operations without being bogged down by rapidly increasing expenses. Its SuperStore location is a hit in Las Vegas, and it has another one scheduled to launch in California this summer.
For investors, the pot stock has already been an amazing buy, generating returns of more than 300% over the past year while the Horizons Marijuana Life Sciences ETF has risen by just 40%. With the economy reopening and travel on the rise, there could soon be an influx of customers headed for its conveniently located dispensaries. Planet 13's business holds a lot of promise, but can investing in it today make you a millionaire?
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Source Fool.com
