Marijuana Stock Investors looking for growth in Marijuana Stock can find potential in multi-state operators (MSOs). With licenses to dispense across multiple states that have recreational and medical marijuana legalization, MSOs have more room to grow and higher revenue potential than single-state operators. Some of the best performing pot stocks over the last year have been MSOs, and Planet 13 Holdings Inc. (OTC: PLNHF) is a bargain pick worth looking at.

The price of this stock is expected to double this year. The average analyst target is $2.32, hinting at a significant upside for investors. Planet 13 is a fully integrated company headquartered in Las Vegas. Its operations range from production and processing to distribution and retail.

Revenue performance was strong last year, with sales hitting $84.38 million, compared to $27.44 million in the year prior. This increase reflects the huge growth in the adult-use market. Gross income increased 285.23%, resulting in a gross profit margin of 50.49%.

In its most recent fiscal quarter, Planet 13 reported a 20% year over year growth in sales, even with the Coronavirus Pandemic ongoing. It also has a positive EBITDA margin, indicating that it’s going to be highly profitable in the long term.

With such a low entry price and the potential for it to double in 2020, this is one of the best pot stocks to choose today.

Key Data:

  • 1 Year Price Growth: -47.91%
  • YTD Price Growth: -42.86%
  • 3 Month Price Growth: -28.21%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.