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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...
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Planet 13 Reports 20.3% Revenue Growth In Q2 2024, Expands Florida Operations
Thursday, August 8, 2024 - 10:22pm | 499Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) reported $31.1 million in net revenue during the quarter, representing a 20.3% year-over-year increase from $25.8 million, but net loss raised to $8.1 million, a nearly 75% YoY. “Q2 was an exciting period for Planet 13, marked by strong...
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Planet 13 Expands With 30 New Dispensaries: What's The Secret To Higher Margins?
Thursday, July 18, 2024 - 7:08pm | 758Planet 13's leadership, including co-CEOs Robert Groesbeck and Larry Scheffler and CFO Dennis Loganr ecently discussed the company’s strategic initiatives and market outlook in a webinar hosted by Pablo Zuanic of Zuanic & Associates. The conversation covered significant updates...
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Planet 13 Joins Fight Nights: Sponsors UFC Fighter And MMA Cannabis-Friendly Watch Parties In Vegas
Tuesday, July 9, 2024 - 10:54am | 725Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH), a cannabis company with operations in California, Nevada, Illinois and Florida, is making significant strides in the mixed martial arts (MMA) sector, with the Ultimate Fighting Championship (UFC) playing a pivotal role in this expansion. This...
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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...
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Las Vegas Cannabis Powerhouse Planet 13 On Verge Of Major Florida Expansion Via $49M Deal
Monday, April 29, 2024 - 11:09am | 664The Las Vegas-based cannabis giant Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) is a step closer to a major expansion in Florida. What Happened The Florida Office of Medical Marijuana Use (OMMU) gave the green light to Planet 13 for the proposed sale of Planet 13 Florida, Inc. and the...
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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...
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Trulieve Faces Serious Competition As Planet 13 Enters Florida Market Via $48M Deal
Monday, August 28, 2023 - 2:10pm | 595Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) announced on Monday that it has entered into a membership interest purchase agreement to acquire all of the ownership interests of VidaCann, LLC. Why It Matters: Hint...Florida "Acquiring VidaCann would significantly accelerate our time...
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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...
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Planet 13 Recieves Nevada State Cannabis Consumption Lounge License
Friday, June 23, 2023 - 9:47am | 355Planet 13 Holdings Inc. (OTCQX: PLNHF) (CSE:PLTH) received the Nevada state consumption lounge license. The approval by the state of Nevada comes after receiving the prospective license in December 2022 from the Nevada Cannabis Compliance Board. "Receiving this confirmation from the state...
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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...
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Planet 13 FY22 Revenue Declines 12.5%, What About Adjusted EBITDA?
Friday, March 24, 2023 - 8:03am | 450Planet 13 Holdings Inc. (OTCQX: PLNHF) (CSE:PLTH) FY 2022 revenue was $104.6 million, a decrease of 12.5% compared to $119.5 million in FY 2021. Financial Highlights - Q4 – 2022 vs Q4 2021 Revenue was $24.8 million as compared to $29.9 million, a decrease of 16.8% Gross profit was $10.7...
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Planet 13's Florida Cannabis Dispensary Network Keeps Growing
Friday, January 20, 2023 - 8:58am | 381Planet 13 Holdings Inc. (OTCQX: PLNHF) (CSE:PLTH), a vertically-integrated multi-state cannabis company, announced the fourth location of its planned Florida dispensary network located in the city of Port Orange on the ‘Fun Coast.' Port Orange is in the Deltona-Daytona Beach-Ormond Beach...
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Planet 13 Q3 2022 Financial Results:18% Growth In Nevada's Retail Market
Thursday, November 10, 2022 - 7:00pm | 489Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF), a leading vertically-integrated cannabis company, reported its financial results late Thursday for the three-month and nine-month periods ended September 30, 2022. "High inflation and interest rates have impacted all areas of the...
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Planet 13 Expands Cannabis Cultivation In Nevada
Monday, September 26, 2022 - 11:19am | 325Planet 13 Holdings Inc. (OTCQX: PLNHF) (CSE:PLTH) announced the receipt of the necessary approvals to operate its 22,000 square foot Nevada cultivation expansion and the planting of the first harvest from new grow rooms ahead of the previously forecasted timeline of Q4 2022. "We are thrilled...