Highest-materiality recent filing
Planet 13 Q1 revenue drops 24.8% to $21.1M; net loss widens to $8.1M
Revenue $21.1M vs $28.0M YoY, driven by California exit and price compression in Nevada and Florida.
Planet 13 Q4 revenue $25.2M, net loss $4.6M; full-year loss widens to $63.9M
Q4 revenue $25.2M, down 16.7% YoY; full-year revenue $103.4M, down 11.2%.
Planet 13 places CAO Lee Fraser on administrative leave
Chief Administrative Officer Lee Fraser placed on administrative leave effective Jan 5, 2026.
Planet 13 reports Q3 2025 revenue of $23.3M and net loss of $44.0M
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.
Planet 13 Q2 revenue falls 13.6% to $26.9M; net loss widens to $13.3M
Revenue $26.9M, down 13.6% YoY; gross profit margin fell to 43.4% from 50.9%.
Planet 13 Q1 2025 revenue $28M (+22.5% YoY), adjusted EBITDA loss widens to $2.5M
Net loss improved to $2.0M from $5.9M YoY; gross margin fell to 42.8% from 45.8%.
Planet 13 Q4 2024 revenue $30.3M, net loss $26.4M includes $18.9M impairment
Q4 2024 revenue $30.3M (+31.8% YoY); full year revenue $116.4M (+18.2%).
Settlement with Casa Verde returns $2.1M; total WAB recovery now $5.5M.
Planet 13 Q3 revenue $32.2M (+30% YoY); net loss narrows to $7.4M from $46.3M
Q3 2024 revenue of $32.2M, up 29.7% YoY; growth driven by Florida addition and Illinois store.
Planet 13 Q2 revenue $31.1M (+20% YoY); net loss widens to $8.1M
Revenue $31.1M, up 20.3% YoY, driven by Florida acquisition and strong SuperStore sales.
Planet 13 completes VidaCann acquisition; VidaCann FY2023 revenue $34.3M, net income $1.5M
Planet 13 acquired VidaCann, a Florida medical marijuana operator with 27 dispensaries, cultivation, and manufacturing.
VidaCann Q1 2024 revenue $12.51M; gross profit $5.58M (45% margin); net income $2.48M.
Planet 13 closes acquisition of VidaCann for ~$63.4M; adds 26 Florida dispensaries
Consideration: 81.87M shares, ~$4M cash, $5M notes; assumed $3M bank debt and $1.5M related-party notes.
Planet 13 Q1 revenue $22.9M (-8.2% YoY); net loss narrows to $5.9M; Adj EBITDA near break-even
Q1 2024 revenue of $22.9M, down 8.2% from $24.9M in Q1 2023.
Planet 13 closes sale of Florida subsidiary for $9M cash; sets stage for VidaCann acquisition
Sold 100% of Planet 13 Florida equity to SGW FL Enterprises for US$9,000,000 on May 6, 2024.
Planet 13 receives Florida OMMU approval for VidaCann acquisition; expects close in May
OMMU approved sale of Planet 13 Florida and acquisition of VidaCann, final regulatory clearances obtained.
Planet 13 Q4 2023 revenue $23M, net loss $14.3M; Adjusted EBITDA positive $1.3M
Q4 2023 revenue $23.0M down 7.5% YoY from $24.8M; net loss $14.3M includes $7.2M non-cash impairment.
Planet 13 closes $11.3M public offering of 18.75M units at $0.60/unit, each with a warrant at $0.77
Gross proceeds ~$11.3M; net proceeds ~$9.825M after underwriting discounts and expenses.
Commenced underwritten public offering of units (common stock + warrant); Canaccord Genuity sole book-runner.
Planet 13 Q4 2023 revenue $23M (-7.5% YoY), net loss $14.3M, Adjusted EBITDA $1.3M
Revenue $23.0M in Q4 2023, down 7.5% YoY from $24.8M; gross profit $11.0M, up 2.8% YoY.
Planet 13 expands leadership: Fraser becomes CAO, Martin joins board
Lee Fraser transitions from board/Audit Chair to Chief Administrative Officer effective Feb 7, 2024.
Planet 13 restates 2021-2023 financials after $22M believed misappropriated by investment advisor
Believed misappropriation of ~US$22.0M of company funds held by El Capitan Advisors, Inc.
Planet 13 recovers $3.4M of levied cash, sues El Capitan for $16.5M
Partial settlement recovers $3.4M of $5.5M WAB Funds; $2.1M remains with Sheriff's Office.
Planet 13 agrees to sell Florida MMTC license for $9M to facilitate VidaCann acquisition
Sells Planet 13 Florida stock to SGW FL Enterprises for $9M cash at closing.
Planet 13 reports $5.5M cash seized; additional $16M possibly misappropriated by El Capitan
On Sept 21, 2023, $5.5M held at Western Alliance Bank was levied by Casa Verde Capital via Orange County Sheriff due to El Capitan dispute.
Planet 13 Q3 2023 revenue $24.8M, net loss $46.0M on $39.6M impairment
Revenue $24.8M, down 3.3% YoY; gross margin improved to 44.7% from 41.2%.
Planet 13 completes domestication from British Columbia to Nevada; appoints Co-Presidents
Effective September 15, 2023, Planet 13 changed jurisdiction from British Columbia, Canada to Nevada via court-approved plan of arrangement.
Planet 13 to acquire VidaCann for ~$48.9M in stock, cash, and notes
Total consideration: 78.46M shares (~$39.8M), $4M cash, $5M promissory notes; total ~$48.9M.
Planet 13 Q2 revenue down 9% to $25.8M, net loss widens to $4.3M
Revenue $25.8M, down 9.1% YoY from $28.4M; net loss $4.3M vs $2.0M.
Planet 13 Q1 2023 revenue $24.9M (-3% YoY), net loss widens to $6.3M
Revenue $24.9M vs $25.7M YoY; gross profit margin fell to 43.7% from 50.2%.
Planet 13 board member and audit chair Mike Harman dies at 50; interim appointment made
Michael Harman passed away April 6, 2023 at age 50; served on board and as Audit Committee chair since Planet 13 went public in June 2018.
Planet 13 Q4 2022 revenue $24.8M, net loss $38.6M on $32.8M impairment; FY revenue $104.6M
Q4 2022 revenue $24.8M, down 17% YoY; net loss $38.6M vs $5.1M loss in Q4 2021.
Planet 13 exercises option to buy remaining 51% of Illinois dispensary for cash and shares
Paid $866,250 cash + 1,063,377 common shares (valued at ~$950,021 at exercise) for full ownership of Planet 13 Illinois.
On April 27, 2026, Planet 13 Holdings Inc. (the "Company") entered into a separation agreement with the Company’s former Chief Administrative Officer, Lee Fraser (the "Separation Agreement").
the Company’s Board of Directors (the “ Board ”) unanimously appointed Nancy Saitta and Leilani Bradford to serve as directors of the Company, to fill two newly created seats on the Board.
the Company’s Board of Directors (the “ Board ”) unanimously appointed Nancy Saitta and Leilani Bradford to serve as directors of the Company, to fill two newly created seats on the Board.
appointed Steve McLean, the Company's Vice President of Finance, to serve as its Interim Chief Financial Officer
resignation of Dennis Logan, the Chief Financial Officer of the Company, effective May 31, 2025
On June 12, 2024, Lee Fraser resigned from the board of directors (the “Board”) and Audit Committee of the Board of Planet 13 Holdings Inc.
the Board appointed David Loop, age 65, to the Board and to the Audit Committee of the Board.
the Board approved Mr. Loop’s appointment to the Board to be effective the next business day following the 2024 annual meeting of stockholders
Effective February 7, 2024, the Board appointed Kevin Martin, age 50, to the Board and to the Audit Committee, Corporate Governance and Nominating Committee, and Compensation Committee of the Board.
Lee Fraser, age 45, who had been serving on the board of directors (the “Board”) and as the Chair of the Audit Committee of Planet 13 Holdings Inc. (the “Company” or “Planet 13”), transitioned to the position of Chief Administrative Officer.
on the Effective Date after completion of the Domestication, the Company appointed each of the Company’s Co-Chief Executive Officers, Robert Groesbeck and Larry Scheffler, to the additional position of Co-President of the Company and the Company’s Chief Financial Officer, Dennis Logan, to the additional position of Treasurer of the Company.
on the Effective Date after completion of the Domestication, the Company appointed each of the Company’s Co-Chief Executive Officers, Robert Groesbeck and Larry Scheffler, to the additional position of Co-President of the Company and the Company’s Chief Financial Officer, Dennis Logan, to the additional position of Treasurer of the Company.
Max materiality 0.95 · Median 0.65 · Most common event earnings