Earnings ·
Planet 13 Holdings Inc. reported financial results for the second quarter ended June 30, 2026, announcing revenue of…
PLNHPlanet 13 Holdings Inc.
Planet 13 Holdings Inc. reported financial results for the second quarter ended June 30, 2026, announcing revenue of $22.9 million and a net loss of $5.6 million. Revenue decreased 14.9% year-over-year due to the exit from California retail and wholesale operations and continued price compression in Nevada and Florida. Gross profit improved to $12.3 million with a gross margin of 53.9%, driven by cost-cutting initiatives, the California exit, and a $1.0 million reduction in inventory reserves for Florida distillate. Adjusted EBITDA loss narrowed to $0.5 million from $2.4 million in the prior year period. The company also highlighted continued expansion with an upcoming Sarasota store and OMMU approval for its Florida BHO extraction facility. Planet 13 Holdings Inc. is a vertically integrated multi-state cannabis company operating dispensaries, cultivation, and production facilities.