Planet 13 Q3 revenue $32.2M (+30% YoY); net loss narrows to $7.4M from $46.3M

Planet 13 Holdings Inc.

Q3 2024 revenue of $32.2M, up 29.7% YoY; growth driven by Florida addition and Illinois store.
Net loss of $7.4M compared to $46.3M loss in Q3 2023; total expenses fell 63.6% YoY.
Adjusted EBITDA of $1.3M (4.2% margin) vs $0.2M a year ago; gross margin improved to 51.9%.
Cash balance $27.4M at Sept 30, up from $11.8M at Dec 31, 2023; total assets $243M.
Opened two Florida dispensaries in Q3 and announced proposed acquisition of a Las Vegas dispensary.

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