---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-014617"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:27:12.554115+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Planet 13 Q1 2023 revenue $24.9M (-3% YoY), net loss widens to $6.3M

## Summary
- Revenue $24.9M vs $25.7M YoY; gross profit margin fell to 43.7% from 50.2%.
- Net loss of $6.3M vs $2.1M; Adjusted EBITDA loss of $0.68M vs +$2.61M.
- Cash $42.7M (down from $52.4M at Dec 2022); total assets $227.2M.
- Expanded in Florida (Port Orange dispensary) and Illinois (land purchase + option to buy remaining 51% interest).
- Appointed Lee Fraser as Board Member and Audit Committee Chair after passing of Mike Harman.

## SEC filing metadata
- accession: 0001437749-23-014617
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813452/000143774923014617/0001437749-23-014617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774923014617/plnhf20230417_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-014617
- JSON: https://secwatch.observer/filing/0001437749-23-014617.json
- Plain text: https://secwatch.observer/filing/0001437749-23-014617.txt

## Key facts
- Earnings Releases
  Planet 13 Holdings Inc. reported the first quarter ended March 31, 2023 results: revenue $24.9 million, net income $6.3 million.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $24.9 million
  - Net income: $6.3 million
  - Result: reported results
  source text: 99.1. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_501708.htm EXHIBIT 99.1 ex_501708.htm Exhibit 99.1 Planet 13 Announces Q1 2023 Financial Results ● Q1 2023 Revenue of $24.9 million, compared to $24.8 million in Q4 2022 ● Q1 2023 Net loss of $6.3 million ● Q1 2023 Adjusted EBITDA loss of $0.68 million All figures are reported in United States dollars ($)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774923014617/0001437749-23-014617-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.