secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001437749-24-034223
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924034223/0001437749-24-034223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924034223/plnh20240910_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-034223

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