Adam JacksonNovember 11, 2022
The company took steps to shore up its cash position during the quarter.
Tag: Planet 13
Adam JacksonNovember 11, 2022
StaffNovember 8, 2022
The Daily Hit is a recap of cannabis business news for Nov. 8, 2022. ON THE SITE Planet 13 Picks Waukegan Over Chicago Las Vegas-based cannabis company Planet 13 has decided to open its Illinois retail shop in Waukegan. Planet 13 partnered with Chicago-area social equity applicant Frank Cowan to win one of 185 new retail licenses […]
StaffNovember 8, 2022
This story was reprinted with permission from Crain’s Chicago Business and written by John Pletz. Las Vegas-based cannabis company Planet 13 has decided to open its Illinois retail shop in Waukegan. The company had considered several downtown Chicago locations, including the former Rainforest Cafe in River North, but decided on the suburbs instead. Planet 13 partnered with Chicago-area social […]
Adam JacksonAugust 15, 2022Planet 13 Holdings (OTC: PLNHF) posted results that missed expectations — showing how waning demand and slimming margins are affecting even the largest operators. The Nevada-based cannabis superstore delivered its financial results for the second quarter ending June 30, 2021. Planet 13 reported approximately $28.4 million in revenue during the period, a 15.5% loss versus […]
Debra BorchardtAugust 5, 2022The Nevada-based cannabis superstore Planet 13 Holdings (OTC: PLNHF) announced that it has signed an option to potentially buy out its social equity partner in Illinois. The company said it has reached a deal with Frank Cowan, who owns 51% of Planet13 Illinois, to gain a controlling interest. If exercised, Cowan would receive $866,250 in […]
StaffMay 16, 2022
Planet 13 Holdings Inc. (CSE: PLTH)(OTCQX: PLNHF) announced its financial results for the three-month period ended March 31, 2022, with revenues rising 8% to $25.7 million from last year’s $23.8 million. However, Planet 13’s revenue fell sequentially from the fourth quarter’s $29 million. According to Yahoo Finance, three analysts cover the company and the average […]
Debra BorchardtMarch 28, 2022Planet 13 Holdings Inc. (CSE: PLTH)(OTCQX: PLNHF) announced its financial results for the fourth quarter and year ending December 31, 2021. Planet 13 reported revenues rose 48% to $29.9 million versus last year’s $20.1 million for the same time period. The revenues dropped sequentially from the third quarter’s revenues of $32 million. The net loss […]
StaffDecember 21, 2021Planet 13 Holdings Inc. (CSE: PLTH)(OTCQX: PLNHF) is buying Next Green Wave Holdings Inc. (CSE: NGW)(OTCQX: NXGWF) in a deal valued at approximately C$91 million ($70 million). Planet 13 is paying a premium of 44% to the shareholders based on the company’s average share price over the last ten days. Next Green Wave is an […]
Video StaffNovember 1, 2021
We haven’t been to Planet 13 Las Vegas since the 2019 MJ Biz conference. Back then it was only a dispensary. Now, this dispensary has over 80 registers, a restaurant, a bar, a clothing shop, and the ability to watch the company make edibles. Coming soon there will be fighting robots in the candy factory […]
Debra BorchardtOctober 27, 2021
The state of Nevada has joined the billion-dollar bud club as the Nevada Cannabis Compliance Board (CCB) and the Nevada Department of Taxation (DoT) released figures showing more than $1 billion in taxable sales reported by Nevada’s legal cannabis industry over a 12-month period. The agencies noted that during the Fiscal Year 2021 (July 1, […]
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