secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001437749-23-014617
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774923014617/0001437749-23-014617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774923014617/plnhf20230417_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014617

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer