secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2026-05-13T21:27:04+00:00
Accession:  0001437749-26-016788
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet 13 Q1 revenue drops 24.8% to $21.1M; net loss widens to $8.1M
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- Revenue $21.1M vs $28.0M YoY, driven by California exit and price compression in Nevada and Florida.
- Net loss $8.1M vs $2.0M YoY; Adjusted EBITDA loss $2.3M vs $2.5M YoY.
- Gross margin improved to 44.6% from 42.8% on California exit and cost actions; operating expenses down 22.6%.
- Completed exit from California in February 2026; appointed Nancy Saitta and Leilani Bradford to board in May.
- Cash and restricted cash $16.3M vs $15.6M at year-end 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774926016788/0001437749-26-016788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774926016788/plnh20260406_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-016788

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