secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001437749-24-025579
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924025579/0001437749-24-025579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924025579/plnh20240615_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-025579

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