-
Planet 13 Slashes Costs 66%: Revenue Grows, Losses Shrink — Is This The Turning Point?
Friday, November 8, 2024 - 6:50pm | 454Planet 13 Holdings Inc. (OTC:PLNH) reported Friday afternoon a strong revenue increase of 29.7% year-over-year for Q3 2024, reaching $32.2 million. The growth was fueled by the expansion into the Florida market and solid performance at its Illinois store. Despite the revenue boost, the company...
-
Cannabis Powerhouse Planet 13 Boosts Nevada Presence With $6.9M Dispensary Acquisition & New Growth Strategy
Thursday, September 12, 2024 - 10:24am | 589The vertically-integrated multi-state cannabis company Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) announced on Thursday that it's acquiring a Las Vegas-based cannabis dispensary. What Happened: The company's wholly-owned subsidiary MM Development Company, Inc. has entered into an asset...
-
MMA Star Chito Vera Gets Support From Marijuana Powerhouse Planet 13 As It Eyes Non-Cannabis Revenue Streams
Wednesday, July 24, 2024 - 9:45am | 535Vertically-integrated multi-state cannabis company Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) announced the launch of its non-cannabis lifestyles brand company, and its first sponsored athlete, MMA star Chito Vera. Planet 13 Expands Outside Cannabis Bob Groesbeck, co-CEO of the Las Vegas-based...
-
Vegas-Based Planet 13 First Quarter: $22.9M Revenue, $5.9M Net Loss, Gears Up For Florida Expansion
Thursday, May 9, 2024 - 11:08pm | 508Planet 13 Holdings Inc. (OTC: PLTH), a leading vertically integrated multi-state cannabis company, unveiled its financial performance for the first quarter ending March 31, 2024. The company reported revenue of $22.9 million, with a net loss of $5.9 million and an adjusted EBITDA loss of $0.0...
-
How Cannabis Company Planet 13 Stays Green Amid $23M Revenue And Red Ink, Q4 2023 Financial Results
Wednesday, March 13, 2024 - 6:47pm | 618Las Vegas-based cannabis giant, Planet 13 Holdings Inc. (CSE: PLTH) (OTC: PLNH), revealed its financial performance for the fourth quarter of 2023 on Wednesday afternoon. Despite a net loss of $14.3 million, which included a $7.2 million non-cash impairment loss, the company reported a commendable...
-
Las Vegas Cannabis Powerhouse Planet 13's $11.3M Infusion To Fuel Florida Expansion And More
Tuesday, March 5, 2024 - 2:54pm | 715Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) announced on Tuesday the pricing of its underwritten public offering of 18.75 million units at $0.60 per unit for total gross proceeds of roughly $11.3 million. The Details Each unit will consist of one share of the company's common stock and one...
-
Planet 13 Cannabis Co. Shrinks Net Loss Over 60%, Achieves Positive EBITDA In Q4 Despite Industry Headwinds
Wednesday, February 28, 2024 - 2:43pm | 534Cannabis multi-state operator Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) announced its unaudited preliminary financial results on Tuesday for the three-month and full year ended Dec. 31, 2023. Larry Scheffler, co-CEO of the Las Vegas-based company, called the fourth quarter "a solid" one,...
-
Las Vegas-Based Planet 13 Expands Retail Portfolio Into Illinois With Waukegan Dispensary
Friday, December 8, 2023 - 4:11pm | 537Las Vegas-based Planet 13 Holdings Inc. (OTC: PLNHF) recently inaugurated a new cannabis shop in Waukegan, Illinois, marking a strategic expansion in its retail portfolio. The 4,000 sq. ft. Waukegan location is intentionally designed to offer an immersive and experiential approach to cannabis...
-
Despite $46M Q3 Loss, Planet 13 Responsible For $1 In Every $10 Of Cannabis Bought In Nevada
Thursday, November 9, 2023 - 10:27am | 494Las Vegas-based cannabis company Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH) reported its Q3 financial results Wednesday with revenue of $24.8 million, down by 3.3% year-over-year from $25.6 million. Planet 13 attributed the decline in revenue to lower sales at the SuperStore and a...
-
Planet 13's Q2 2023 Results: Co-CEOs Highlight Strategic Growth, Margins, EBITDA
Wednesday, August 9, 2023 - 6:57pm | 449Planet 13 Holdings Inc. (OTC: PLNHF), a multi-state cannabis company, unveiled Q2 2023 financial results on Wednesday afternoon. Highlights Despite a 9.1% revenue decrease to $25.8 million, owing to lowered cannabis prices in Nevada, the company reported improved gross and EBITDA margins: $11.9...
-
EXCLUSIVE: Economic Impact Of Cannabis Lounges, Factors Shaping This New Consumption Trend
Wednesday, July 12, 2023 - 4:24pm | 805Cannabis lounges have emerged as unique establishments where individuals can legally consume marijuana in a social setting. As the landscape of cannabis legalization and regulation evolves, California, Alaska, New York and Colorado have joined Illinois, Michigan, New...
-
Planet 13 Unveils Immersive Cannabis Experience Crafted By Broadway's David Korins
Thursday, June 29, 2023 - 4:09pm | 379Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) announced the return of Cannabition, a cannabis experience designed to cater to enthusiasts seeking an awe-inspiring and "Instagrammable" adventure. “We can’t wait to have Cannabition open in our SuperStore with its...
-
Planet 13 Reports Q1 Loss, Strong CA Sales Offset Seasonal Decline, Hangs On To Nevada Market Share
Monday, May 15, 2023 - 11:13pm | 404Planet 13 Holdings Inc. (CSE: PLTH) (OTC: PLNHF) announced its financial results late Monday for the quarter that ended March 31, 2023. "Planet 13 started the year with consistent results notwithstanding overall economic conditions. In Q1 we saw a stabilization in cannabis prices...
-
Planet 13 And Lil Wayne's GKUA Launch Trendi Superblunts+
Friday, December 16, 2022 - 12:02pm | 329Planet 13 Holdings Inc. (OTCQB: PLNHF) (CSE:PLTH) has launched an exclusive collaboration with Lil Wayne’s GKUA Ultra Premium. Planet 13’s in house brand, Trendi, and Lil Wayne’s brand, GKUA, together have launched Trendi Superblunts+, available exclusively at Planet 13 Las Vegas...
-
Where To Buy Legal Weed These Days: Jushi Expands In PA, NJ Gets Another MMJ Shop & More
Monday, November 14, 2022 - 10:50am | 458Jushi Expands Retail Footprint In Pennsylvania Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) has opened its relocated Beyond Hello Westside dispensary in Pennsylvania through its subsidiary, Pennsylvania Dispensary Solutions. Located at 32 Scranton Carbondale Highway in Dickson City, right in a...