secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001437749-25-034471
Event type: earnings
Sentiment:  negative
Materiality: 0.95
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Planet 13 reports Q3 2025 revenue of $23.3M and net loss of $44.0M
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- Q3 2025 revenue fell 27.6% to $23.3M from $32.2M in Q3 2024, driven by price compression in Nevada and competition in Florida.
- Net loss of $44.0M includes a $29.8M non-cash impairment loss; adjusted EBITDA loss was $4.1M.
- Gross margin was 21.3%, but excluding one-time costs would have been approximately 45%.
- Company announced divestiture and closing of California operations, and opened two dispensaries in Florida (DeLand and Pace).
- Cash decreased to $17.2M as of Sept 30, 2025, from $23.4M at Dec 31, 2024; total liabilities rose to $103.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774925034471/0001437749-25-034471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774925034471/plnh20250822_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-034471

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