Planet 13 Q2 revenue $31.1M (+20% YoY); net loss widens to $8.1M

Planet 13 Holdings Inc.

Revenue $31.1M, up 20.3% YoY, driven by Florida acquisition and strong SuperStore sales.
Net loss $8.1M vs $4.6M YoY; adjusted EBITDA $3.2M (+16%) with 10.3% margin.
Gross margin improved to 50.9% from 46.0% due to lower cultivation costs and owned brands.
Closed acquisition of VidaCann LLC (26 retail stores, cultivation, production) in Florida on May 10.
Cash $26.7M (up from $11.8M at Dec 2023); total assets $242.4M from $151.7M.

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