Page 3 - Larry Scheffler News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Planet 13 Announces Q4 2023 Financial Results

LAS VEGAS, NV / ACCESSWIRE / February 27, 2024 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNH) ("Planet 13" or the "Company"), a leading vertically-integrated multi-state cannabis company, today announced its unaudited preliminary financial results for the fourth quarter and full year ended Dece...

Planet 13 Holdings, a cannabis multi-state operator, released its unaudited preliminary financial results for Q4 2023, noting a solid performance despite challenges in the industry. Total revenue decreased to $23 million, with a 2.8% increase in gross profit and a 47.8% gross margin. Operating expenses saw a significant decline, resulting in a net loss of $14.3 million. However, adjusted EBITDA turned positive at $1.3 million. The company had $17.4 million in cash and is focused on expanding its retail portfolio in Illinois and finalizing the acquisition of VidaCann in Florida. Planet 13 aims ...

LAS VEGAS, NV / ACCESSWIRE / February 27, 2024 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNH) ("Planet 13" or the "Company"), a leading vertically-integrated multi-state cannabis company, today announced its unaudited

Planet 13 Reports Unaudited, Preliminary Fourth Quarter and Full Year ...