Welcome to our dedicated page for Planet 13 Hldgs news (Ticker: PLNH), a resource for investors and traders seeking the latest updates and insights on Planet 13 Hldgs stock.
Planet 13 Holdings Inc. reports developments for a vertically integrated cannabis operator with cultivation, production and dispensary operations in Nevada, Illinois and Florida. Company news commonly covers quarterly financial results, release schedules, business highlights, strategy and market-footprint updates across its retail, wholesale and production activities.
Recurring updates also include the Las Vegas dispensary and DAZED! consumption lounge, the Waukegan, Illinois dispensary, Florida dispensary operations, customer programs such as Planet 13 Rewards, board and committee composition, equity compensation grants and portfolio streamlining after the company’s California exit. Its releases frame cannabis operations within state licensing regimes while noting the continuing conflict with U.S. federal law.
Planet 13 (OTCQX: PLNH) reported Q2 2026 revenue of $22.9 million, down 14.9% year over year, with gross profit of $12.3 million and a gross margin of 53.9% versus 43.4% a year earlier.
Net loss narrowed to $5.6 million from $13.3 million, and Adjusted EBITDA loss improved to $0.5 million from $2.4 million, supported by the exit from California and company-wide cost reductions. Operating expenses fell 17.7% to $15.2 million. Cash and restricted cash totaled $16.5 million, slightly above year-end 2025.
According to Planet 13, Florida revenue grew 17.1% sequentially, it received OMMU approval for a Florida BHO extraction facility, announced an upcoming Sarasota store, and on July 27, 2026 entered a proposed merger agreement with Vireo Growth. No Q2 2026 conference call will be held due to the pending merger.
Vireo Growth (CSE: VREO; OTCQX: VREOF) agreed to acquire all outstanding equity of Planet 13 Holdings (CSE: PLTH; OTCQX: PLNH) via an all‑stock merger. Each Planet 13 common share (excluding certain specified shares) is expected to convert into 0.015383618 Vireo subordinate voting share.
According to Vireo, the exchange ratio implies a 16.6% premium to Planet 13’s 20‑day VWAP and a 24% premium to its July 24, 2026 closing price. Closing is subject to Planet 13 stockholder approval (with minority protections under MI 61‑101), SEC effectiveness of a Form S‑4 registration statement, Canadian Securities Exchange listing of the new Vireo shares, and required cannabis regulatory approvals.
The deal is expected to add 36 dispensaries, three cultivation/production assets and up to 2.3 million sq. ft. of potential cultivation capacity in Nevada, plus a distribution and consumption lounge license. Pro forma, Vireo expects to operate about 265 dispensaries across 15 states. The Merger Agreement includes a US$1.8 million termination fee payable by Planet 13 in specified circumstances, and Planet 13’s shares are expected to be delisted and cease reporting after closing.
Planet 13 (CSE: PLTH, OTCQX: PLNH) announced the location and opening date of its next Florida medical cannabis dispensary, in Sarasota at 2460 Stickney Point Road, scheduled to open on August 21, 2026. The 2,600-square-foot store is on a high-traffic corridor at Stickney Point Road and Highway 41, serving a high-income coastal market with year-round demand from residents and seasonal visitors.
According to Planet 13, the Sarasota dispensary follows its capital-efficient Florida model, targeting low build-out costs, attractive store-level economics, and flexibility for future merchandising, and supports the company’s broader Florida strategy of increasing market density, brand visibility, and margin expansion.
Planet 13 (CSE: PLTH, OTCQX: PLNH) received Florida OMMU approval for its BHO extraction facility, completing the main infrastructure buildout for Planet 13 Florida.
The 3,465-square-foot lab enables participation across Florida’s full cannabis concentrate category, supporting multiple BHO formats and vape cartridges.
Planet 13 (OTCQX:PLNH) reported Q1 2026 revenue of $21.1 million, down 24.8% year-over-year, with a net loss of $8.1 million and Adjusted EBITDA loss of $2.3 million.
Gross margin improved to 44.6%, operating expenses fell 22.6% to $13.0 million, and cash and restricted cash increased to $16.3 million. The company completed its California exit and added two new board members.
Planet 13 (OTCQX: PLNH; CSE: PLTH) will release first-quarter 2026 financial results for the period ended March 31, 2026, on May 13, 2026 after market close. A conference call to discuss results, business highlights, strategy, and outlook will be held May 13, 2026 at 5:00 p.m. ET.
Call chairs: Bob Groesbeck, Co-CEO; Larry Scheffler, Co-CEO; Steve Mclean, Interim CFO. Registration and dial-in details are provided for USA and international participants.
Planet 13 (OTCQX: PLNH) appointed the Hon. Nancy Saitta and Leilani Bradford as independent directors, effective April 24, 2026.
Both directors join the Audit, Compensation, and Corporate Governance and Nominating Committees, expanding independent representation and adding judicial, governance and real estate finance expertise to the Board.
Planet 13 (OTCQX: PLNH) reported Q4 2025 revenue of $25.2 million (down 16.7% YoY) and a Q4 net loss of $4.6 million. Full‑year 2025 revenue was $103.4 million (down 11.2%), with a net loss of $63.9 million that included $29.8 million of impairment charges.
Cash and restricted cash totaled $15.6 million at year‑end. Management highlighted a strategic exit from California, recent Florida dispensary openings, a new rewards program, and a focus on returning to cash‑flow positive in 2026.
Planet 13 (OTCQX: PLNH) will release its fourth quarter financial results for the period ended December 31, 2025, on March 25, 2026 after market close. A conference call to review results, business highlights, strategy, and outlook will be held that evening at 5:00 p.m. ET.
Company executives Bob Groesbeck (Co-CEO), Larry Scheffler (Co-CEO), and Steve Mclean (Interim CFO) will chair the call. Call registration and dial-in details are provided for investors.
Planet 13 (OTCQX: PLNH) has substantially completed its exit from California by divesting Orange County retail and distribution licenses and closing the sale of its Coalinga cultivation property on Feb 12, 2026.
With cultivation license transfer underway, the company says this simplifies its operating footprint and strengthens its balance sheet, freeing capital and management focus for Nevada and Florida expansion during 2026.