Planet 13 Hldgs Inc Stock Price, News & Analysis

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.

Planet 13 announces a groundbreaking collaboration as Rock and Roll Hall of Famer George Clinton partners with Wiz Khalifa to launch "The FUNK" cannabis product at Planet 13 Las Vegas. The exclusive meet-and-greet event is scheduled for May 2, 2025, at 4:00 p.m.

"The FUNK" combines Motorbreath flower and Daily Grape live resin, creating a unique blend with gas, diesel, and sweet grape notes. The product will be available exclusively at Planet 13 stores, building on the success of Khalifa Kush's existing presence at the company's 112,000 square-foot Entertainment Complex.

Following the meet-and-greet, guests (21+) can visit the DAZED! Consumption Lounge. This launch reinforces Planet 13's position as a premier destination for celebrity cannabis product launches, with the Las Vegas SuperStore becoming a hub for exclusive brand showcases and artist interactions.

Planet 13 Holdings (OTCQX: PLNH) announced the grand opening of its 32nd Florida dispensary in Orange Park, scheduled for April 4-5, 2025. The new 4,680-square-foot facility, located at 921 N Blanding Blvd, will serve the Jacksonville medical cannabis community.

The dispensary is strategically positioned in front of Walmart and across from Publix on a high-traffic retail corridor with 58,000 daily passing vehicles. The location benefits from a daytime population of nearly 125,000 within a five-mile radius. The facility will operate daily from 9 a.m. to 8 p.m.

The grand opening celebrations include a ribbon-cutting ceremony with local business owners and the Clay County Chamber of Commerce, featuring a DJ, LifeSouth Blood Donation Bus, and an MMJ doctor providing medical card information.

Planet 13 Holdings has announced the grant of Restricted Stock Units (RSUs) to its officers, directors, and employees on March 31, 2025. Under the company's 2023 Equity Compensation Plan, a total of 13,776,345 RSUs were awarded, with 9,255,085 RSUs allocated to directors and officers, and 4,521,260 RSUs to employees. The RSUs will vest in three equal portions on May 16 of 2026, 2027, and 2028, subject to potential variations according to the Plan's terms.