Planet 13 Holdings, Inc. ( (PLNH) ) has released its Q4 earnings. Here is a breakdown of the information Planet 13 Holdings, Inc. presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Planet 13 Holdings, Inc. is a vertically integrated cannabis company with operations in cultivation, production, and retail, known for its large dispensary in Las Vegas and expanding footprint across the United States. The company recently released its financial results for the fourth quarter of 2024, reporting a revenue increase but also a significant net loss due to non-cash impairment charges. Key highlights include a 31.8% increase in quarterly revenue to $30.3 million, driven by expansion in Florida, though the company faced a net loss of $26.4 million due to an $18.9 million impairment loss. For the full year, revenue rose by 18.2% to $116.4 million, with a reduced net loss of $47.8 million compared to the previous year. Despite challenges, Planet 13’s management remains focused on enhancing operational efficiency and expanding its retail presence to improve margins and business resilience in 2025.