Planet 13 Holdings (TSE:PLTH) has released an update.
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Planet 13 Holdings reported a Q2 2024 revenue of $31.1 million, a notable increase from the previous year, alongside a net loss of $8.1 million. Despite the loss, the company experienced a rise in gross profit and an improved adjusted EBITDA of $3.2 million, attributed to strategic growth initiatives including a significant acquisition in Florida and the opening of a new consumption lounge.
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