Company Description
Planet Green Holdings Corp. (NYSE American: PLAG) is a Nevada holding company based in Flushing, New York. According to its public disclosures and press releases, the company conducts its business through subsidiaries in mainland China, Canada, and the United States. Over time, Planet Green has developed a diversified portfolio of activities that span consumer products, chemical products, online advertising, mobile games, and AI-driven technology services.
In its consumer products operations, Planet Green focuses heavily on Chinese tea products. The company states that its tea operations involve the production and distribution of an extensive portfolio of Chinese teas, including cyan brick tea, black tea, and green tea. These products are produced using traditional techniques and quality controls to address the preferences of consumers in China. Subsidiaries such as Hubei Shengsili Biotechnology Co., Ltd. and Xianning Bozhuang Tea Products Co., Ltd. are involved in developing and promoting branded tea lines and expanding sales channels.
Planet Green has highlighted the Shengshengchuan brand, which it describes as having a heritage of more than 400 years in tea-making traditions. Through this brand, the company has introduced product lines such as the Shengshengchuan Black Gold Series of black tea. This series is presented as a modern evolution of traditional craftsmanship, with flavor profiles and formats designed for contemporary consumer preferences while maintaining classic production methods.
Beyond tea, Planet Green reports that it is engaged in chemical products and online advertising services. In earlier descriptions, the company has outlined activities in research, development, manufacturing, and sale of chemical products in China, and the development and operation of a demand-side platform for digital advertising in North America and China. These activities reflect the company’s strategy of operating across multiple segments rather than focusing on a single product category.
The company has also expanded into energy-related assets and AI-driven services. A share exchange agreement announced with Xianning Xiangtian Energy Holdings Group Co., Ltd. involves acquiring an interest in a target that holds LNG production facilities and other assets. At the same time, Planet Green has described its portfolio as including energy products, indicating that energy-related operations form part of its broader business mix.
Through its wholly owned subsidiary Allinyson Ltd., incorporated in Colorado, Planet Green has moved into mobile gaming and artificial intelligence applications. Allinyson is described as focusing on game and interactive tools development and on AI solutions for gaming. Planet Green has announced AI-powered products such as Solitaire King, a mobile card game that uses AI technologies in game development, and ChatAlpha, an integrated AI conversational robot product that incorporates advanced natural language processing and the GPT-4 language model. These disclosures indicate that Planet Green views AI-driven services and intelligent gaming experiences as a distinct business area.
In its public communications, the company describes itself as a provider of consumer products, chemical products, online advertising, and mobile games in Chinese and North American markets, and as a business that has expanded from consumer products into a more diversified range of offerings, including energy products and AI-driven services. This combination of traditional consumer goods, industrial and chemical activities, digital advertising, and AI-based gaming technology gives Planet Green a multi-segment profile.
Planet Green’s common stock is registered under Section 12(b) of the Securities Exchange Act of 1934 and trades on the NYSE American under the symbol PLAG. The company has reported that it has been in operation since 1994. Corporate actions disclosed in SEC filings include amendments to its Articles of Incorporation to increase authorized shares of common and preferred stock, adoption of an equity incentive plan, and annual meeting matters such as director elections and auditor ratification.
The company has also disclosed certain risks and listing-related developments. An audit opinion referenced in its annual report included an explanatory paragraph related to its ability to continue as a going concern, and the company has announced that this opinion required public disclosure under NYSE American rules. In a separate filing, Planet Green reported receiving a notice from the NYSE American that it was below continued listing criteria related to stockholders’ equity and consecutive years of losses, triggering a requirement to submit a plan to regain compliance within a specified cure period. During this period, the company has stated that its common stock continues to be listed and traded on the NYSE American, subject to compliance with other applicable rules.
Planet Green has also reported corporate restructuring steps, such as discontinuing operations of Shandong Yunchu Supply Chain Co., Ltd. and disposing of its equity interest in Promising Prospect HK Limited, which held that business. These actions illustrate that the company adjusts its portfolio of operating assets over time.
Business Segments and Activities
Based on the company’s own descriptions, Planet Green’s activities can be grouped into several areas:
- Tea and Consumer Products: Production and distribution of Chinese tea products, including cyan brick tea, black tea, and green tea, through subsidiaries in mainland China, with branded offerings such as the Shengshengchuan Black Gold Series.
- Chemical Products: Research, development, manufacturing, and sale of chemical products in China, as described in prior company profiles.
- Online Advertising and Digital Services: Development and operation of a demand-side platform that allows buyers of advertising to manage and optimize digital advertising across real-time bidding networks in North America and China.
- Energy-Related Interests: A share exchange agreement to acquire a minority equity interest in a target company that holds LNG production facilities and other assets.
- AI-Driven Gaming and Technology Services: Development of mobile games and AI conversational products through Allinyson Ltd., including AI-powered mobile games and the ChatAlpha AI conversational robot product.
Regulatory and Listing Context
Planet Green’s SEC filings provide insight into its regulatory status and governance. Multiple Form 8-K filings confirm that the company is incorporated in Nevada, trades on the NYSE American under the symbol PLAG, and maintains registered common stock with a par value of $0.001 per share. The filings also document shareholder votes on corporate governance matters, including increases in authorized share capital and approval of equity incentive plans.
The company’s disclosure of a going concern explanatory paragraph in its audit opinion, and the subsequent NYSE American notice of non-compliance with certain equity and loss-related listing standards, are material events that investors may consider when evaluating the stock. The company has stated that it intends to regain compliance and that it must submit a plan to the exchange within a specified timeframe.
Frequently Asked Questions about Planet Green Holdings Corp. (PLAG)
- What does Planet Green Holdings Corp. do?
Planet Green Holdings Corp. is a Nevada holding company that operates through subsidiaries in mainland China, Canada, and the United States. It describes its activities as including consumer products such as Chinese tea, chemical products, online advertising services, mobile games, and AI-driven technology services.
- What are Planet Green’s main consumer products?
The company states that its tea operations focus on producing and distributing Chinese tea products, including cyan brick tea, black tea, and green tea. It also promotes branded lines such as the Shengshengchuan Black Gold Series of black tea.
- In which regions does Planet Green conduct business?
Planet Green describes itself as a Nevada holding company headquartered in Flushing, New York, with business operations conducted through subsidiaries in mainland China and Canada. It also refers to providing consumer products, chemical products, online advertising, and mobile games in Chinese and North American markets.
- How is Planet Green involved in AI and gaming?
Through its wholly owned subsidiary Allinyson Ltd., Planet Green develops mobile games and AI-based products. The company has announced AI-powered games such as Solitaire King and an AI conversational robot product called ChatAlpha, which incorporates advanced natural language processing and the GPT-4 language model.
- Does Planet Green have any energy-related business interests?
Planet Green has disclosed a share exchange agreement to acquire a minority equity interest in Xianning Xiangtian Energy Holdings Group Co., Ltd., a target company that holds LNG production facilities and other assets. The company has also described its portfolio as including energy products.
- On which exchange is PLAG stock listed?
According to its SEC filings, Planet Green’s common stock is registered under Section 12(b) of the Securities Exchange Act of 1934 and is listed on the NYSE American under the trading symbol PLAG.
- What listing-related issues has Planet Green disclosed?
The company has reported receiving a notice from the NYSE American that it was below certain continued listing criteria related to stockholders’ equity and consecutive years of losses. Planet Green has stated that it must submit a plan to regain compliance within an exchange-defined cure period, during which its common stock continues to be listed and traded, subject to other listing rules.
- What is the historical background of Planet Green?
Planet Green has stated that it has been in operation since 1994. Over the years, it reports having expanded from consumer products into a more diversified range of offerings, including energy products and AI-driven services, with a reach into Chinese and North American markets.
- How does Planet Green describe its tea brands?
The company highlights the Shengshengchuan brand, which it associates with a tea-making heritage of more than 400 years. The Shengshengchuan Black Gold Series is presented as a modern line of black tea products that builds on this tradition while addressing contemporary consumer tastes.
- Has Planet Green made any recent changes to its capital structure?
SEC filings show that shareholders approved, and the company filed, amendments to its Articles of Incorporation to increase the total number of authorized common and preferred shares. The company also adopted a 2025 Equity Incentive Plan, as approved by stockholders at an annual meeting.
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Short Interest History
Short interest in Planet Green (PLAG) currently stands at 38.5 thousand shares, down 16.3% from the previous reporting period, representing 0.6% of the float. Over the past 12 months, short interest has increased by 227.1%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Planet Green (PLAG) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 7.6 days.