secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K/A
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001437749-23-014716
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774923014716/0001437749-23-014716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774923014716/plnhf20230515_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014716

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