Welcome to our dedicated page for Planet 13 Hldgs SEC filings (Ticker: PLNH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Planet 13 Holdings Inc. filings document a public cannabis operator whose securities are quoted on OTCQX under PLNH and whose operations include cultivation, production and dispensary activities in state-licensed markets. Recent 8-K filings furnish operating results prepared under U.S. GAAP, press releases on restricted stock unit grants, and material-event disclosures tied to board appointments, committee assignments and executive employment matters.
Proxy materials cover annual meeting proposals such as director elections, amendments to the 2023 Equity Incentive Plan share reserve and auditor ratification. The filing record also documents governance structure, non-employee director compensation arrangements, equity-compensation plan administration, state-licensed cannabis regulatory context and the company’s disclosure status with no securities registered under Section 12(b) of the Exchange Act.
Planet 13 Holdings Inc. entered into a separation agreement with former Chief Administrative Officer Lee Fraser on April 27, 2026. The agreement provides an aggregate cash severance of $275,000, payable in eleven equal monthly installments, subject to tax withholdings and his continued compliance with the agreement.
Planet 13 will also continue Mr. Fraser’s monthly vehicle allowance and pay COBRA health insurance premiums for him and eligible dependents through February 28, 2027. Certain previously granted restricted stock units will vest or continue vesting, and any unvested equity will fully vest upon a change of control. The agreement includes a general release, cooperation, confidentiality and non-disparagement covenants, and specifies that Mr. Fraser has no post-employment non-compete obligations.
Planet 13 Holdings Inc. reported weaker results for Q1 2026 as it continued a strategic transition. Total revenue fell to $21.1 million from $28.0 million, a 24.8% decline versus Q1 2025. Net loss expanded to $8.1 million compared with $2.0 million, while loss per share widened to $0.02 from $0.01.
Gross profit decreased to $9.4 million, but gross margin improved to 44.6% from 42.8% as operating expenses dropped to $13.0 million from $16.8 million. Adjusted EBITDA was a loss of $2.3 million, slightly better than the $2.5 million loss a year earlier. Cash and restricted cash totaled $16.3 million at March 31, 2026, with operating cash flow close to breakeven. Management framed Q1 as a transition quarter reflecting costs of its California exit and broader restructuring, and highlighted recent U.S. federal cannabis rescheduling developments as supportive for its Florida operations.
Planet 13 Holdings Inc. reported lower revenue and a larger loss for the quarter ended March 31, 2026 as it exited California and faced intense price pressure in key markets. Net revenue fell to $21.1 million from $28.0 million, a 24.8% decline, mainly from shutting down California operations and weaker flower pricing in Nevada and Florida. Gross profit decreased to $9.4 million, though gross margin improved to 44.6% as the company reduced flower production and optimized third‑party sourcing.
Operating expenses dropped 19% to $15.1 million due to cost-cutting, but the company still posted an operating loss of $5.7 million. A sharp increase in income tax expense, largely tied to uncertain positions under Section 280E, drove net loss to $8.1 million, versus $2.0 million a year earlier. Cash and restricted cash totaled $16.3 million and working capital was $16.5 million, which management believes is sufficient for the next 12 months while it scales its Florida footprint, focuses on its Las Vegas superstore, and continues to exit less profitable operations.
Planet 13 Holdings Inc. vice president of operations Chris Wren reported an open-market sale of 30,000 shares of common stock. The shares were sold at an average price of $0.1545 per share. Following this transaction, Wren directly holds 5,017,784 shares of Planet 13 common stock.
Planet 13 Holdings Inc. expanded its Board of Directors by creating two new seats and appointing Nancy Saitta and Leilani Bradford as directors effective April 24, 2026. The Board determined both are independent and assigned them to the Audit, Compensation, and Corporate Governance and Nominating Committees.
They will be paid under the same compensation program as the company’s other non-employee directors. The filing states there are no special arrangements related to their selection and no related-party transactions with the company that require disclosure under Item 404(a) of Regulation S-K.
Planet 13 Holdings Inc. has called a virtual-only annual meeting for stockholders on June 10, 2026, at 12:00 p.m. Pacific, with a record date of April 14, 2026. All 328,270,798 outstanding shares of common stock are entitled to one vote per share.
Stockholders will vote on three proposals: electing seven directors, approving an amendment to the 2023 Equity Incentive Plan to raise its share reserve from 32,000,000 to 52,000,000 common shares, and ratifying Davidson & Company LLP as independent registered public accounting firm. The Board unanimously recommends voting “FOR” all proposals, and emphasizes online access and voting via notice-and-access to reduce printing and mailing costs.
Planet 13 Holdings Inc. VP of Operations Chris Wren reported a mix of share awards and sales. On April 16, 2026, he acquired 791,997 shares of Common Stock as a grant at $0.00 per share. He then executed two open-market sales of Common Stock: 2,500 shares on April 17 at $0.1534 per share and 30,000 shares on April 20 at $0.1507 per share. Following these transactions, Wren directly held 5,047,784 shares of Planet 13 Common Stock.
Planet 13 Holdings Inc. VP of Operations Chris Wren received a grant of 821,997 shares of common stock at no cost, then executed open-market sales of 30,000 shares at $0.1507 and 2,500 shares at $0.1534. Following these transactions, Wren holds 5,077,784 common shares directly.
Planet 13 Holdings Inc. reported weaker 2025 results while highlighting early signs of operational improvement in late 2025. In Q4 2025, revenue was $25.2 million, down from $30.3 million, with gross margin at 44.6%. The quarter still produced a net loss of $4.6 million, but this was much smaller than the prior-year loss, which included a large impairment, and Adjusted EBITDA was a modest loss of $0.3 million.
For full-year 2025, revenue fell to $103.4 million from $116.4 million as Las Vegas tourism and Florida competition weighed on sales. Gross profit dropped to $39.9 million and margin compressed to 38.6%. The company posted a net loss of $63.9 million, including $29.8 million of non-cash impairment charges, and Adjusted EBITDA swung to a $10.1 million loss from a $4.8 million profit.
On the balance sheet, cash declined to $15.6 million and total assets fell to $152.3 million, while total liabilities increased to $101.2 million. Management emphasized exiting California, opening new Florida dispensaries, and targeting cash flow positive performance in 2026.