Cash Problems At Planet 13? (PLNH) | El Capitan Scam

In this video, we explore the dynamic world of the cannabis industry with a spotlight on Planet 13 (PLNH). Renowned for its compelling brand and innovative concept, Planet 13 has recently faced significant challenges. The situation with El Capitan Advisors has precipitated financial distress for the company, raising concerns about its long-term viability. Additionally, we dive into issues such as management's lack of transparency and questionable decision-making, the company's underperformance in California, concerning cash flow problems, and the delays in cannabis rescheduling. Join us as we dissect these critical aspects and evaluate what the future may hold for Planet 13.


Disclaimer: The publisher does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author. The Bear Report is a publisher of financial information, not an investment advisor. They do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.

THE INFORMATION CONTAINED IN THIS VIDEO IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.

Chapters
0:00 Intro
0:37 Management & Core Business Intro
1:03 What Does PLNH Do?
6:23 Management Intro
6:34 Stock Price History/Timeline
8:27 Insider Activity
10:15 El Capitan Overview
12:14 Casa Verde Lawsuit
13:47 PLNH Lawsuit
14:32 SEC Letters
15:40 California Poor Performance/Transcripts
22:02 Core Business Intro
22:17 Financial Statements
28:09 El Capitan Before/After
30:19 Detailed Cash Burn
30:55 Management On Liquidity
31:42 Cannabis Rescheduling
34:59 Bear Thesis
35:59 Outro