secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001437749-24-018176
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet 13 reports VidaCann Q1 2024 preliminary revenue of $12.51M, net income $2.48M, adj. EBITDA $2.75M
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- VidaCann Q1 2024 revenue $12.51M; gross profit $5.58M (45% margin); net income $2.48M.
- Adjusted EBITDA $2.75M (22% margin) vs. $0.55M (1.6% margin) for full year 2023.
- Full year 2023 revenue $34.26M, gross profit $12.57M (37%), net loss $1.50M.
- Planet 13 completed VidaCann acquisition on May 10, 2024; results shown pre-synergies.
- Management states VidaCann's profitability margin is accretive to Planet 13.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924018176/0001437749-24-018176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924018176/plnh20240520_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-018176

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