Planet 13 Holdings Inc (NASDAQ:PLTH) Q4 2019 Earnings Conference Call - Final Transcript

Apr 14, 2020 • 05:00 pm ET

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Planet 13 Holdings Inc (NASDAQ:PLTH) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
Robert Groesbeck

it out to additional chosen dispensaries throughout the state.

Prior to COVID-19, we were already starting to receive large reorders, which necessarily have been suspended as dispensaries continue to reassess demand. We fully expect a similar order flow once this period of uncertainty passes. While we don't know how long COVID-19 will impact our business and our community, we know that it hasn't changed the long-term profile of this company or what has made it a success.

Prior to the shutdown, we were seeing amazing growth at the SuperStore driven by the Phase II expansion. We are running breakeven to slightly cash flow positive of only our delivery business. We have plenty of cash on hand to look at attractive growth opportunities on the back end of the COVID-19 crisis. We have proven that our retail concept works and that it drives significant revenue and cash flow and now a growing delivery business that is accretive to our bottom line.

So with that said, I'd again like to thank everybody for participating today, and I'd now ask the operator to open the line for questions.