Planet 13 Hldgs Inc Stock Price, News & Analysis

Planet 13 Holdings (OTCQX: PLNH) reported challenging Q2 2025 financial results, with revenue declining 13.6% to $26.9 million compared to $31.1 million in Q2 2024. The company posted a net loss of $13.3 million and an Adjusted EBITDA loss of $2.4 million.

Gross profit margin decreased to 43.4% from 50.9%, primarily due to industry-wide pricing pressure. The company implemented cost-saving measures, reducing total expenses by 4.6% to $18.5 million. Cash position stood at $15.9 million, down from $23.4 million at the end of 2024.

During Q2, Planet 13 expanded its Florida presence with new dispensaries in Orange Park and Edgewater, while also announcing management changes with Steve McLean appointed as interim CFO following Dennis Logan's resignation.

Planet 13 Holdings (OTCQX: PLNH) has announced the launch of "Planet the 13th Night Market," a new monthly indoor art and makers market at their Las Vegas Entertainment Complex. The free, 21+ event will debut on August 13, 2025, from 6-10 p.m. at the world's largest dispensary.

The market, organized in partnership with Slonina ARTSpace, will feature local artists, interactive booths, food trucks, and live music. Each month's event will include a charity raffle, with the inaugural event benefiting The Animal Foundation of Las Vegas. Local creators can apply for booth space by the 3rd of each month, with booth fees waived in exchange for providing interactive elements for attendees.

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Planet 13 Holdings (OTCQX: PLNH), a vertically-integrated multi-state cannabis company, has scheduled the release of its Q2 2025 financial results for August 13, 2025, after market close.

The company will host a conference call on the same day at 5:00 p.m. ET to discuss the quarterly results and provide business updates. The call will feature presentations from Co-CEOs Bob Groesbeck and Larry Scheffler, along with CFO Steve Mclean.

Planet 13 Holdings (OTCQX: PLNH) has announced a comprehensive overhaul of its loyalty program, introducing an industry-first price match guarantee across all its stores. The new program, effective July 11, 2025, features a bold 50% discount for all loyalty members who spend $100 or more.

The enhanced program includes special events like 'Planet the 13th Day' and 'Retrograde Day', offering product launches, giveaways, and interactive experiences. Members can enroll for free in-store or online at enrollnow.vip to immediately access these benefits.

Planet 13 Holdings announced the results of its Annual General Meeting held on June 10, 2025. All directors were successfully re-elected with approval rates ranging from 73.4% to 95.7%, with David Loop receiving the highest approval at 95.7% and Robert Groesbeck the lowest at 73.4%. Shareholders approved an amendment to the company's 2023 Equity Incentive Plan, increasing the authorized shares for issuance from 22 million to 32 million, with 81.5% voting in favor. Additionally, Davidson & Company LLP was ratified as the company's independent registered public accounting firm with 91.9% approval.

Planet 13 Holdings (OTCQX: PLNH) announced the resignation of Chief Financial Officer Dennis Logan, effective May 31, 2025. Logan, who has served as CFO since 2018, will be leaving to pursue other opportunities. The company has appointed Steve McLean, current Vice President of Finance, as Interim CFO.

McLean, who joined Planet 13 in 2019, has been overseeing the company's finance and accounting operations. He is a Certified Management Accountant with a Master's degree in taxation from the State University of New York at Albany.

Planet 13 Holdings (OTCQX: PLNH) reported challenging Q1 2025 financial results, with revenue increasing 22.5% to $28.0 million compared to Q1 2024, primarily driven by Florida expansion. Despite revenue growth, the company faced headwinds with a net loss of $2.0 million and Adjusted EBITDA loss of $2.5 million. Gross profit margin declined to 42.8% from 45.8% due to industry-wide pricing pressure.

Operating expenses increased 31.6% to $18.6 million, mainly due to Florida operations. The company's cash position decreased to $15.6 million from $23.4 million in December 2024. During Q1, Planet 13 expanded its Florida presence with new dispensaries in Port Richey, Orange Park, and Edgewater.

Planet 13 Holdings (OTCQX: PLNH), a leading vertically-integrated multi-state cannabis company, has scheduled the release of its Q1 2025 financial results for May 14th, 2025, after market close. The company will host a conference call on the same day at 5:00 p.m. ET to discuss the quarterly results and provide business updates.

The conference call will be led by key executives including Co-CEOs Bob Groesbeck and Larry Scheffler, along with CFO Dennis Logan, who will present highlights, strategy, and outlook for the company.

Planet 13 has announced the grand opening of its 33rd Florida dispensary in Edgewater, scheduled for May 31, 2025. The new 3,000-square-foot facility, located at 1308 S Ridgewood Ave, marks the company's 37th dispensary nationwide.

The Edgewater location is strategically positioned on U.S. Highway 1, a major retail corridor, offering convenient access for medical cannabis patients. The dispensary shares a fully leased, dual-tenant property with Taco Bell, ensuring consistent foot traffic. Operating hours will be Monday through Sunday, 9 a.m. to 7 p.m.

This expansion strengthens Planet 13's presence in East Central Florida, specifically serving Volusia County and surrounding metropolitan areas. The location's selection reflects the area's growing population and increasing demand for medical cannabis access.