Core Insights - Planet 13 Holdings Inc. has relaunched its loyalty program, which includes a price match guarantee for any third-party advertised price, enhancing its position as a leading cannabis retailer [1][4]. Loyalty Program Highlights - The loyalty program is designed to provide customers with unbeatable value and world-class experiences, emphasizing that loyalty extends beyond discounts [2][4]. - Customers can enroll for free in-store or online, allowing immediate access to savings and VIP event access [4]. - A 50% discount is available for all loyalty members in Nevada, with easy qualification by spending $100 or more [7]. Upcoming Events and Experiences - Planet 13 is focusing on customer appreciation through events such as "Planet the 13 Day," which will feature product launches and giveaways, and "Retrograde Day," promising unique surprises [7]. - The company aims to create consistently elevated experiences for its customers, including concerts and cultural events [4]. Company Overview - Planet 13 is a vertically integrated cannabis company with operations in California, Nevada, Illinois, and Florida, and is known for having the largest dispensary in the U.S. located in Las Vegas [5]. - The company operates 37 dispensaries nationwide and is focused on building a recognizable global brand in the cannabis industry [5].

Industry Overview - The cannabis industry continues to attract optimism among investors due to strong financial results from many ancillary and multi-state operators (MSOs) in the U.S. [1][2] - Despite market challenges, companies that remain profitable are seen as long-term investment opportunities, suggesting a potential recovery in the sector [2][3] - Legislative changes, such as rescheduling cannabis or passing banking measures, are anticipated to positively impact market dynamics, given the significant revenue generated in the U.S. [3] Company Highlights - **Planet 13 Holdings Inc.**: Engages in the cultivation and provision of cannabis products for medical and retail markets in the U.S. Recently held its Annual General Meeting, with notable director election results [4][6][7]. - **Greenlane Holdings, Inc.**: Focuses on the development and distribution of cannabis accessories and lifestyle products across multiple regions. Recently appointed Mike Hinson as Executive Vice President of Sales to enhance sales and marketing initiatives [8][10]. - **Jushi Holdings Inc.**: A vertically integrated cannabis company involved in cultivation, processing, and retail. Recently launched a lifestyle cannabis brand named 'Shayo', in collaboration with a reality TV star, aiming to promote wellness [12][13].

Core Viewpoint - Planet 13 Holdings Inc. held its Annual General Meeting of Stockholders on June 10, 2025, where key business items were voted on, including the election of directors, amendments to the equity incentive plan, and the appointment of auditors [1]. Group 1: Election of Directors - The election results for directors showed varying levels of support, with Larry Scheffler receiving 93.7% approval and Robert Groesbeck receiving 73.4% [2]. Group 2: Amendment to Equity Incentive Plan - An amendment to increase the number of shares authorized for issuance under the 2023 Equity Incentive Plan from 22 million to 32 million was approved with 81.5% voting in favor [3]. Group 3: Re-Appointment and Remuneration of Auditors - The appointment of Davidson & Company LLP as the independent registered public accounting firm was ratified with 91.9% approval [4]. Group 4: Company Overview - Planet 13 is a vertically integrated cannabis company with operations in California, Nevada, Illinois, and Florida, known for its large dispensary in Las Vegas and recent expansion into Illinois [5].

Steve McLean Named Interim Chief Financial OfficerLAS VEGAS, May 20, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced that Dennis Logan, the Chief Financial Officer of the Company, submitted his resignation effective May 31, 2025. Mr. Logan will be leaving the Company to pursue other opportunities. Mr. Logan has served as the Chief Financial Officer of the Company since 20 ...

Core Insights - Planet 13 Holdings Inc. reported financial results for Q1 2025, highlighting a revenue increase of 22.5% year-over-year, driven by the addition of Florida operations [5][6][8] - The company faced challenges including pricing pressure and reduced consumer spending, but maintained a focus on operational efficiency and strategic investments [2][3] Financial Highlights - Q1 2025 revenue reached $28.0 million, up from $22.9 million in Q1 2024 [5][6] - Gross profit was $12.0 million, representing a gross margin of 42.8%, down from 45.8% in the previous year [6][8] - Total expenses increased by 31.6% to $18.6 million, attributed to the expansion into Florida [6][8] - The net loss for Q1 2025 was $2.0 million, a significant improvement from a net loss of $5.9 million in Q1 2024 [5][6][8] - Adjusted EBITDA loss was $2.5 million, compared to a break-even result in the same quarter last year [5][6][8] Balance Sheet Overview - Cash decreased to $15.6 million from $23.4 million at the end of 2024 [6][8] - Total assets were $203.8 million, slightly down from $206.7 million [6][8] - Total liabilities decreased marginally to $93.1 million from $94.0 million [6][8] Recent Developments - The company opened multiple new dispensaries in Florida, including locations in Port Richey, Orange Park, and Edgewater [12] - A significant recovery of funds related to El Capitan was announced, indicating positive developments in legal matters [12]

LAS VEGAS, May 07, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, announced today that it plans to release its financial results for the first quarter ended March 31st, 2025, on May 14th, 2025, aftermarket.Planet 13 will host a conference call on May 14th, 2025, to discuss its first quarter financial results and provide investors with key business highlights, strategy, and outlook. The c ...

Core Viewpoint - Planet 13 Holdings Inc. is expanding its footprint in Florida with the grand opening of its 33rd dispensary in the state, located in Edgewater, which is expected to serve the growing medical cannabis community in East Central Florida [1][2]. Company Expansion - The new dispensary, Planet 13 Edgewater, will open on May 31, 2025, and spans 3,000 square feet, strategically located on U.S. Highway 1, a major retail corridor [1][2]. - This location is expected to benefit from high daily vehicle counts and steady foot traffic due to its placement in a fully leased, dual-tenant property alongside Taco Bell [2]. Market Positioning - The company aims to provide high-quality cannabis products and a best-in-class retail experience for the medical cannabis community across Volusia County and surrounding metropolitan areas [2]. - With a growing local population and increasing demand for retail and medical cannabis access, the Edgewater location is well-positioned for sustained growth [2]. Company Overview - Planet 13 is a vertically integrated cannabis company with operations in California, Nevada, Illinois, and Florida, and is known for its award-winning cultivation, production, and dispensary operations [4]. - The company operates a total of 37 dispensaries nationwide, with 33 located in Florida, highlighting its significant presence in this key market [4].

LAS VEGAS, April 02, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced the grand opening of its 32nd Florida dispensary in Orange Park on April 4 and 5, 2025. Located at 921 N Blanding Blvd, Orange Park, FL, the 4,680-square-foot facility is well positioned to serve the medical cannabis community in and around Jacksonville and will be open Monday through Sunday from 9 a.m. t ...