1 Small Marijuana Stock That Could Catch Fire If You're Patient
In this clip from Motley Fool Live, recorded on Dec. 9, Motley Fool contributors Matt Frankel and Jason Hall discuss why one marijuana company has the opportunity to explode in growth and how its on the brick-and-mortar course to do so.
Matt Frankel: This is a company called Planet 13 Holdings (OTC:PLNH.F). They trade over-the-counter but they are a legitimate business unlike a lot of the marijuana companies that you'll see. If you click on a random internet article that says three marijuana stocks, chances are they're not the best businesses. But this one actually is. They are a physical place. They operate distribution, a big dispensary, they operate some smaller neighborhood stores. They have their own brands, they grow and cultivate their own products, and they have their own brands that they sell through third-party distributors. This is a big company, or not a big company, but these are big dispensaries. I don't know if either of you have been to their facility in Las Vegas. It's roughly the size of the average Walmart (NYSE:WMT). It's a big dispensary and people are generally shocked when they walk in there and [see] just the scale of this place and how busy it is. There's always a wait to be taken care of in there. Just a little bit of information about the company. They currently have three open retail locations. They have a big dispensary in Las Vegas right off the strip, which I'll talk about it a minute. They have a neighborhood distribution center and they just opened their second mega superstore in the San Diego area. They're planning on getting much bigger. This is a very small company at this point. Let me share my screen real quick. I brought visual aids because Jason likes it when I do that.
Source Fool.com
