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Here's a Beaten-Down Cannabis Stock That's Poised to Explode Higher

TheMotleyFool

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Here's a Beaten-Down Cannabis Stock That's Poised to Explode Higher

You might have thought that 2021 would be a much better year for Planet 13 Holdings (OTC: PLNH.F) stock than 2020 was. After all, the cannabis company had to deal with the shutdown of its Las Vegas SuperStore throughout much of last year. However, Planet 13's shares skyrocketed 186% in 2020 but are basically flat so far in 2021.

The momentum from last year carried over into February. Since then, Planet 13's shares have plunged over 30% below the previous peak. That decline might not last much longer, though. Here's why this beaten-down cannabis stock could be poised to explode higher.

Image source: Planet 13.

Source Fool.com

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