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Planet 13 Holdings Inc., headquartered in Las Vegas, Nevada, operates as an integrated cannabis enterprise primarily within the Nevada market in the United States. The company manages the entire lifecycle of cannabis products, from cultivation and manufacturing to distribution and sales, catering to both medicinal and recreational consumers. Beyond its core cannabis operations, which include licensed dispensaries, Planet 13 diversifies its business. It also runs a non-cannabis retail store, an event space, and a suite of hospitality ventures: the Trece Eatery + Spirits, a coffee shop, and a pizzeria. Furthermore, Planet 13 offers various client services such as consultation, educational programs, and convenience solutions. The company develops and owns a wide array of cannabis products, encompassing chocolates, gummies, sparkling beverages, vapes, concentrates, and flowers, sold under proprietary brand names like TRENDI, Leaf & Vine, Dreamland, HaHa, and Medizin.
Planet 13 Announces Q2 2026 Financial Results
Planet 13 reported Q2 2026 revenue of $22.9 million, down 14.9% year-over-year but up 8.4% sequentially, attributed to the California exit and cost actions.
Gross margin expanded significantly to 53.9% from 43.4% a year ago, while the net loss narrowed to $5.6 million compared to $13.3 million in the prior year period.
Adjusted EBITDA loss improved to $0.5 million, reflecting the positive impact of company-wide cost-cutting initiatives and improved efficiency across key markets.