Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 Q2 2026 results showing lower revenue but significantly improved profitability metrics. Total revenue for the quarter was $22.9 million, down 14.9% from $26.9 million a year earlier, as the company continued to adjust its footprint, including exiting California.
Gross profit rose to $12.3 million from $11.7 million, with gross margin improving to 53.9% from 43.4% as cost actions took effect. Operating expenses fell to $12.4 million, down 22.9%, contributing to a narrower net loss of $5.6 million versus $13.3 million. Adjusted EBITDA improved to $(0.5) million from $(2.4) million, and adjusted EBITDA margin improved to -2.3%.
For the six months ended June 30, 2026, operating activities generated $0.4 million of cash compared with a use of $6.4 million a year earlier, and cash and restricted cash ended the period at $16.5 million. Total assets were $144.3 million and shareholders’ equity was $38.8 million. The company highlighted 8.4% sequential revenue growth and a 17.1% quarter-over-quarter revenue increase in Florida, received OMMU approval for its Florida BHO extraction facility, announced an upcoming Sarasota store, and is working toward closing a proposed merger with Vireo Growth Inc.
Planet 13 Holdings Inc. agreed to be acquired by Vireo Growth Inc. under an Agreement and Plan of Merger in which Supernova Merger Sub Inc. will merge with and into Planet 13, leaving Planet 13 as a wholly owned subsidiary of Vireo. At closing, each outstanding share of Planet 13 common stock (other than canceled and dissenting shares) will be converted into the right to receive 0.015383618 subordinate voting share of Vireo as stock consideration. A special committee of independent directors and the full board unanimously determined the merger to be fair and in the best interests of Planet 13 and its stockholders and resolved to recommend that stockholders approve it.
Closing is subject to approval by a majority of outstanding Planet 13 shares and a separate minority vote under Multilateral Instrument 61-101, as well as customary conditions including required regulatory approvals, no legal prohibitions and no Planet 13 material adverse effect. The outside date is July 26, 2027, extendable to October 26, 2027 if cannabis regulatory approvals are pending. Underwater stock options will be canceled for no consideration, while other options convert into Vireo options; all RSUs vest, convert into Planet 13 shares and then receive the merger consideration; warrants become exercisable for Vireo shares based on the exchange ratio with adjusted exercise prices. The agreement includes customary termination rights and a $1,800,000 termination fee payable by Planet 13 to Vireo in specified scenarios, including acceptance of a superior proposal or certain recommendation changes. Key shareholders entered voting agreements to support the deal and lock-up agreements restricting transfers of Vireo shares received, with 5% released at closing and the remainder in tranches at nine, 15 and 18 months after closing.
Planet 13 Holdings Inc. has entered into a definitive Agreement and Plan of Merger with Vireo Growth Inc. under which Vireo will acquire all outstanding equity of Planet 13 in an all-stock transaction. A Vireo subsidiary will merge into Planet 13, which will continue as a wholly owned subsidiary of Vireo.
Each Planet 13 common share (other than excluded shares) will be converted into the right to receive 0.015383618 of a Vireo subordinate voting share. The consideration represents a 16.6% premium to Planet 13’s 20‑day volume weighted average price and a 24% premium to its last closing price before signing.
The deal is subject to Planet 13 stockholder approval (including a disinterested simple majority), SEC effectiveness of a Form S‑4, Canadian Securities Exchange listing approval for the Vireo shares, and cannabis regulatory approvals. A special committee of independent Planet 13 directors, advised by its own counsel and financial advisor, unanimously recommended the transaction, and both boards unanimously approved it. The agreement includes a US$1,800,000 termination fee payable by Planet 13 to Vireo in specified circumstances. Upon closing, Planet 13 shares are expected to be delisted from the CSE and OTCQX and the company expects to cease to be a reporting issuer.
Strategically, the transaction is expected to add 36 dispensaries, three active cultivation and production assets, and expansion capacity of up to 2.3 million square feet of cultivation and production in Nevada, and to enhance Vireo’s positions in Nevada, Florida, and Illinois. After completion of all previously announced acquisitions, Vireo is expected to operate approximately 265 dispensaries across 15 states.
Planet 13 Holdings Inc. reported the results of its 2026 annual shareholder meeting. Shareholders representing 192,477,800 common shares were present in person or by proxy.
All seven director nominees were elected, with support levels generally above 98 million "for" votes each. Shareholders also approved an amendment to the 2023 Equity Incentive Plan, increasing the shares of common stock authorized for issuance from 32,000,000 to 52,000,000, with 94,405,520 votes for, 20,175,406 against, and 415,251 abstentions. In addition, shareholders ratified the appointment of Davidson & Company LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 185,153,921 votes for, 5,237,410 against, and 2,086,469 abstentions.
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. 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. 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.
Planet 13 Holdings Inc. reported a leadership change involving one of its senior officers. On March 6, 2026, the company notified Chief Administrative Officer Lee Fraser that his employment was terminated, effective upon delivery of the termination notice. Fraser had been on administrative leave since January 5, 2026.
Planet 13 Holdings Inc. reported that on January 5, 2026, the company placed its Chief Administrative Officer, Lee Fraser, on administrative leave. The company stated that Mr. Fraser’s compensation remains unchanged during this period. No other leadership changes, financial results, or major transactions were disclosed in this report.
Planet 13 Holdings Inc. filed a current report describing that on January 2, 2026 the company issued a press release announcing a grant of restricted share units (RSUs) to its officers, directors and employees. The RSU grant represents equity-based compensation intended for a broad group of company leaders and staff. The press release with further details is included as Exhibit 99.1 to the report.
Planet 13 Holdings Inc. reported that it announced its results for the third quarter ended September 30, 2025 via a press release on November 12, 2025. The company furnished that press release as Exhibit 99.1 to a Form 8-K. The filing serves to notify the market of the quarterly results announcement and provide the press release to investors and the public through the SEC system.