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Planet 13 Holdings Inc. - $PLNHF STOCK NEWS

Welcome to our dedicated page for Planet 13 Holdings news (Ticker: $PLNHF), a resource for investors and traders seeking the latest updates and insights on Planet 13 Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Planet 13 Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Planet 13 Holdings Inc. closes underwritten public offering, raising approximately US$11.3 million through the sale of 18,750,000 units at a price of US$0.60 per unit. The company intends to utilize the net proceeds for working capital, acquiring additional retail cannabis licenses in Nevada, and expanding retail presence in Florida and Illinois.
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Planet 13 Holdings Inc. announced the pricing of its underwritten public offering, issuing 18.75 million units at $0.60 per unit, totaling approximately $11.3 million in gross proceeds. Each unit includes one common stock share and one warrant. The underwriters have a 30-day option to purchase additional shares and warrants. If exercised fully, the total gross proceeds will be around $12.9 million.
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-21.49%
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Planet 13 Holdings Inc. announced an underwritten public offering of units consisting of common stock and warrants. The company plans to use the net proceeds for working capital, acquiring additional cannabis licenses, expanding retail presence, and other capital improvements.
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-21.49%
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Planet 13 Holdings completes Nevada Domestication, common stock to be quoted on OTCQX U.S. market with new ticker symbol PLNH
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Planet 13 Holdings to complete Nevada Domestication on September 15, 2023
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-3.99%
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Ovation Science signs license agreement with Planet 13 for its topical/transdermal cannabis products for Nevada
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Planet 13 Holdings Inc. announces acquisition of VidaCann, a Florida cannabis company
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5.42%
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Rhea-AI Summary
Planet 13 Holdings Inc., a multi-state cannabis company, reported Q2 2023 revenue of $25.8 million, compared to $24.9 million in Q1 2023. The net loss for Q2 2023 was $4.3 million, and the adjusted EBITDA was $3.0 million. The company saw a decline in revenue due to a decrease in the average price of cannabis in Nevada, but experienced improvement in gross margins and EBITDA margins sequentially. Planet 13 also highlighted progress in strengthening their SuperStore, opening a consumption lounge, and completing a new dispensary in Illinois.
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3.57%
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Planet 13 Holdings Inc. plans to release its financial results for Q2 2023 on August 9th and host a conference call to discuss the results and provide business highlights.
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Planet 13 Holdings Inc.

OTC:PLNHF

PLNHF Rankings

PLNHF Stock Data

195.57M
135.45M
39.65%
0.34%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States
Las Vegas