Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Planet 13 Holdings ( (TSE:PLTH) ).
Planet 13 Holdings has granted 9.5 million restricted stock units to its officers, directors and employees under its 2023 Equity Compensation Plan, with the awards vesting in three equal tranches on grant, May 16, 2026 and May 16, 2027. The sizable RSU issuance underscores the company’s continued use of equity-based compensation to align management and staff with long-term shareholder interests as it pursues growth across its core U.S. cannabis markets and expands its retail and consumption lounge footprint.
The most recent analyst rating on (TSE:PLTH) stock is a Hold with a C$0.33 price target. To see the full list of analyst forecasts on Planet 13 Holdings stock, see the TSE:PLTH Stock Forecast page.
Spark’s Take on TSE:PLTH Stock
According to Spark, TipRanks’ AI Analyst, TSE:PLTH is a Neutral.
Planet 13 Holdings is facing significant financial and strategic challenges, with declining revenues and profitability issues being the most critical factors. While there are some positive technical indicators and potential recovery signs in certain markets, the overall outlook remains cautious due to financial instability and valuation concerns.
To see Spark’s full report on TSE:PLTH stock, click here.
More about Planet 13 Holdings
Planet 13 Holdings Inc. is a vertically integrated, multi-state cannabis company with award-winning cultivation, production and dispensary operations in Nevada, Illinois and Florida. The company operates the nation’s largest dispensary just off the Las Vegas Strip, has launched its first consumption lounge in Las Vegas, and recently opened its first Illinois dispensary in Waukegan to serve the Chicago metro area, while also running a network of dispensaries across Florida. Planet 13 aims to build a recognizable global cannabis brand focused on world-class retail experiences and innovative cannabis products, operating in state-legal markets even as cannabis remains illegal at the U.S. federal level.
YTD Price Performance: -1.79%
Average Trading Volume: 248,998
Technical Sentiment Signal: Sell
Current Market Cap: C$89.48M
Learn more about PLTH stock on TipRanks’ Stock Analysis page.