---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-014716"
form_type: "8-K/A"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:56:44.726217+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Planet 13 corrects Q1 Adjusted EBITDA to positive $0.68M; revenue $24.9M

## Summary
- Revenue $24.9M, down 3% YoY from $25.7M; gross margin 43.7% vs. 50.2%.
- Net loss $6.3M vs. $2.1M loss in Q1 2022; driven by lower gross profit and M&A costs.
- Corrected Adjusted EBITDA from loss to $0.68M (margin 2.7%), down from $2.61M in Q1 2022.
- Cash $42.7M vs. $52.4M at year-end; total liabilities $41.0M.
- Company pursuing accretive M&A and cost reductions; exercised option to buy remaining 51% of Illinois dispensary.

## SEC filing metadata
- accession: 0001437749-23-014716
- form_type: 8-K/A
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813452/000143774923014716/0001437749-23-014716-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774923014716/plnhf20230515_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-014716
- JSON: https://secwatch.observer/filing/0001437749-23-014716.json
- Plain text: https://secwatch.observer/filing/0001437749-23-014716.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: Company did not incur an Adjusted EBITDA loss in Q1 2023. The complete news release, as corrected, is below: 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 of $0.68 million All figures are reported in United States dollars ($) unless
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774923014716/0001437749-23-014716-index.htm

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