Every 10-Q that PLANET 13 HLDGS INC NEV (PLNH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PLNH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PLNH filings page.
Planet 13 Holdings Inc. reported results for the quarter and six months ended June 30, 2026, showing lower sales but improved margins and operating discipline while entering into a definitive merger agreement. Net revenue was $22.9M for the quarter and $44.0M for the six months, down 14.9% and 19.9% year over year, mainly due to exiting California operations, price compression and weaker Nevada tourism. Gross profit was $21.7M for the six months with a higher gross margin of 49.5% versus 43.1% a year earlier, helped by exiting low-margin California wholesale, Nevada cost reductions and a $1.0M inventory reserve reversal.
Operating expenses fell 18.3% to $30.3M, narrowing the six‑month loss from operations to $8.6M from $13.4M. Net loss for the six months was $13.7M (basic and diluted loss per share $0.04), versus $15.3M (loss per share $0.05). Cash and restricted cash totaled $16.5M, with modest positive operating cash flow of $0.4M. Total assets were $144.3M and total liabilities $105.5M, leaving shareholders’ equity of $38.8M.
On July 26, 2026 Planet 13 agreed to merge with Vireo Growth Inc.; each Planet 13 share will convert into 0.015383618 Vireo subordinate voting shares, reflecting a stated premium over recent Planet 13 trading levels. The deal includes customary closing conditions, stockholder approvals, a $1.8M termination fee in specified scenarios, and lock‑ups for key insiders. The company has fully exited California cannabis operations and continues to expand its vertically integrated platform in Nevada, Florida and Illinois while monitoring U.S. federal rescheduling of medical marijuana from Schedule I to Schedule III.
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 reported Q3 2025 results showing softer sales and large non-cash charges. Net revenue was $23,270,211 (Q3 2024: $32,159,070), with gross profit of $4,958,861. The company recorded a non-cash impairment loss of $29,844,227, driving a loss from operations of $41,245,847 and a net loss of $43,955,853 (loss per share $0.14).
For the nine months, net revenue totaled $78,156,379 and net loss was $59,304,262. Cash was $17,181,080 at quarter-end. Total assets were $158,497,199 against total liabilities of $103,913,259, for shareholders’ equity of $54,583,940. The company had a fully drawn, cash-secured revolving line of credit of $9,750,000; notes to VidaCann sellers and Lafayette State Bank were paid in full earlier in 2025.
Subsequent and strategic actions include an APA signed October 29, 2025 to sell the Orange County, CA dispensary (proceeds expected to be negligible after costs) and a November 3, 2025 plan to discontinue the Coalinga, CA cultivation facility. Shares outstanding were 325,363,800 as of November 12, 2025.