Planet 13 Holdings Inc. (C:PLTH)
Business Focus: Tobacco Stores
| Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
| Company Contact | |
| Address: | 2548 West Desert Inn Road LAS VEGAS NV 89109 |
| Tel: | N/A |
| Website: | https://planet13.com |
| IR: | See website |
| Key People | ||
| Robert A. Groesbeck Co-Chairman of the Board, Co-Chief Executive Officer | Larry Scheffler Co-Chairman of the Board, Co-Chief Executive Officer | Dennis Logan Chief Financial Officer |
| Michael Jennings President of East Coast Operations | William Vargas Vice President - Finance | Chris Wren Vice President - Operations |
| David Farris Vice President - Sales and Marketing | Todd Hybels Vice President - Midwestern Operations | Leighton Koehler General Counsel, Secretary |
| Business Overview |
| Planet 13 Holdings Inc. is a vertically integrated cultivator and provider of cannabis and cannabis-infused products in the States of Nevada, California, Florida and Illinois. The Company owns and manufactures cannabis products under various brands, including HaHa (gummies and beverages), Dreamland (chocolates), TRENDI (vapes and concentrates), Medizin (flower, vapes, concentrates), and Leaf and Vine (vapes). Through its subsidiaries in Nevada, it holds six licenses for cultivation (three medical and three adult-use), six Nevada production licenses (three medical and three adult-use), three Nevada dispensary licenses (one medical and two adult-use), one Nevada distribution license, one California adult-use dispensary license, two California distribution license, one California adult-use manufacturer license, one Florida Medical Marijuana Treatment Center license, and one Illinois conditional adult-use dispensary license. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Planet 13 Holdings Inc revenues decreased 6% to $98.5M. Net loss increased 24% to $73.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects cultivation, production and distribution operations segment loss increase of 25% to $61.1M. |
| Employees: | 566 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $191.80M as of Dec 31, 2023 |
| Annual revenue (TTM): | $134.93M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.88M as of Dec 31, 2023 |
| Net annual income (TTM): | -$97.48M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$29.18M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 243,291,548 as of Apr 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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