PLANET 13 HOLDING

Planet 13 reported Q1 2026 revenue of USD 21.1 million versus USD 25.2 million in Q4 2025, primarily due to the divestment of its California operations and the absence of a loyalty-program effect in Florida. Gross margin remained stable at 44.6%, but adjusted EBITDA showed a loss of USD 2.3 million. Management emphasizes operational efficiency and expects a new BHO concentrates facility in Florida to improve revenue and margins going forward; Q2 should be free of transition costs from the California withdrawal. » Más en de.investing.com

Planet 13 has appointed Nancy Saitta and Leilani Bradford as independent directors to the board effective April 24. Both were named to the audit, compensation, and corporate governance and nominating committees. The company operates cannabis dispensaries in Nevada, Illinois and Florida; the stock (CSE: PLTH / OTCQX: PLNH) has lost 51% over the past year on a market capitalization of USD 47 million and is trading near its 52-week low. An analysis rates the stock as undervalued but cites high cash outflows as a risk. » Más en de.investing.com

Planet 13 increased revenue sequentially by 8% in Q4 2025 to $25.2 million and improved gross margin from 21.3% to 44.6%. Adjusted EBITDA loss narrowed to $0.3 million, and cash stood at $15.6 million. The company completed its exit from California, is focusing on Florida and Nevada, and targets gross margins above 50% from Q1 2026; approval for a BHO lab in Florida is still pending. » Más en de.investing.com