PLNH
Planet 13 Holdings Inc.0.3000
+0.0610+25.5%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
97.61MP/E (TTM)
-Basic EPS (TTM)
-0.26Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Q2 revenue drops sharply
Planet 13 Holdings reported Q2 2025 revenue of $26.9 million, down 13.6% from $31.1 million last year, amid Nevada's tough market and Florida competition, while gross profit fell to $11.7 million at 43.4% margin from pricing pressures. Net loss widened to $13.3 million versus $8.1 million, with Adjusted EBITDA swinging to a $2.4 million loss from $3.2 million profit, as cost cuts trimmed expenses 4.6%. Leadership shifted with CFO resignation and an interim replacement. Cost reductions promise efficiency gains.
10-Q
Q2 FY2025 results
Planet 13's Q2 revenue dipped 13.6% year-over-year to $26.9M, yet year-to-date sales edged up 1.7% to $54.9M, buoyed by the VidaCann acquisition that added Florida operations despite only partial prior-year inclusion. Gross margins slipped to 43.4% from 50.9%, squeezed by price compression in Nevada and California wholesale, while operating losses widened to $6.8M from $3.5M amid higher G&A from integration costs. Net loss hit $13.3M or $0.04 per diluted share, versus $8.1M or $0.03 last year, with the gap to operating loss tied to hefty $6.4M tax provisions under Section 280E. Cash stood at $15.9M with $9.8M in notes payable, including a $9.8M revolving line at 5.65% maturing June 2026, and free cash flow turned negative at $(11.4M) derived from $(6.4M) operating cash minus $4.9M capex. VidaCann, closed May 2024 for $50.8M (mostly stock), brought $30.7M goodwill and a $9.0M indefinite-lived license. Florida weighs heavy, with 32 dispensaries ramping amid new entrants.
8-K
AGM elects directors, approves plan
Planet 13 Holdings Inc. held its annual general meeting on June 10, 2025, where shareholders elected Robert Groesbeck, Larry Scheffler, Adrienne O'Neal, Kevin Martin, and David Loop to the board with strong support ranging from 73.4% to 95.7% for. They approved amending the 2023 Equity Incentive Plan to boost authorized shares from 22 million to 32 million by an 81.5% margin, enhancing talent retention options. Auditors Davidson & Company LLP were ratified at 91.9%. This signals robust governance continuity amid expansion.
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