Planet 13 Q2 revenue $22.9M, net loss $5.6M improves from $13.3M loss

Planet 13 Holdings Inc.

Revenue $22.9M, down 14.9% YoY from $26.9M on California exit and price compression.
Net loss $5.6M vs $13.3M loss in Q2 2025; Adjusted EBITDA loss $0.5M vs $2.4M loss.
Gross margin 53.9% vs 43.4% YoY, aided by cost cuts and $1.0M inventory reserve release.
Florida revenue up 17.1% sequentially; BHO extraction facility approved May 9, 2026.
Merger with Vireo Growth pending; no Q2 conference call due to deal.

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