Planet 13 Hldgs Inc Stock Price, News & Analysis

Planet 13 (OTCQX: PLNH) on Nov 3, 2025 announced the divestiture of its non-core Orange County, California retail store and the closure of its Coalinga cultivation facility as part of a strategy to focus on higher‑performing markets.

The company said California operations were cash‑flow negative and not aligned with long‑term objectives. Planet 13 will continue investing in Nevada and Florida and pursue disciplined opportunities to enhance shareholder value. Proceeds are described as not material but expected to strengthen liquidity. The Orange County license sale is subject to customary closing conditions and regulatory approvals and is expected to close in approximately three to four months. The Coalinga facility is expected to wind down by end of 2025.

Planet 13 (OTCQX: PLNH) opened a new dispensary in Pace, Florida at 4612 School Lane, located just off US Highway 90 across from Walmart and Lowe’s. The store will operate Monday–Saturday 9:00 a.m.–7:00 p.m. and Sunday 11:00 a.m.–5:00 p.m., 365 days a year. The location targets Pace and nearby communities including Milton, Bagdad and Avalon and sits on a busy retail corridor in the Florida Panhandle. A grand opening event is planned for November 22, 2025 featuring perks, swag and local vendors. Customers can order in advance for pickup at https://planet13.com/locations/.

Planet 13 (OTCQX: PLNH) opened a new Florida dispensary in DeLand at 309 Woodland Blvd on Oct 13, 2025, positioned just off the I-4 corridor between Orlando and Daytona.

The store is downtown near Stetson University, offers Planet 13 branded products, and is open 365 days a year: Monday–Saturday 9 a.m.–7 p.m. and Sunday 9 a.m.–7 p.m. A grand opening celebration is scheduled for November 15, 2025 with local vendors, perks and exclusive swag. Customers can order for pickup at https://planet13.com/dispensary-deland-fl/.

Planet 13 Holdings (OTCQX: PLNH) has launched its popular HaHa Soft Chews product line across all Planet 13 stores in Florida. The vegan, gluten-free, and melt-resistant gummies are made with real fruit juices and feature fast-acting nano formulations.

The product line includes five flavors: Strawberry Lemonade and Mighty Mango (100mg THC each), Blue Razz (100mg THC), and two 1:1 ratio options - Blue Razz and Guava Breeze (50mg THC + 50mg CBD each). The company plans to expand its Florida offerings with sugar-free HaHa variants and Dreamland Chocolates in September.

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.