secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001437749-25-016865
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet 13 Q1 2025 revenue $28M (+22.5% YoY), adjusted EBITDA loss widens to $2.5M
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- Net loss improved to $2.0M from $5.9M YoY; gross margin fell to 42.8% from 45.8%.
- Adjusted EBITDA loss of $2.5M vs. break-even a year ago; cites pricing pressure and soft tourism.
- Cash dropped to $15.6M from $23.4M at year-end 2024; total assets $203.8M.
- Opened three Florida dispensaries in Q1/early Q2: Port Richey, Orange Park, Edgewater.
- Management accelerating cost alignment and focusing on high-performing assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774925016865/0001437749-25-016865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774925016865/plnh20250116_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-016865

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