Planet 13 Holdings (PLTH) AI Stock Analysis

• Market Cap: C$109.00M
• Dividend Yield: N/A
• Average Volume (3M): 366.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.31
• Revenue Growth: 18.62%
• EPS Growth: 52.09%
• Country: CA
• Employees: 1,000
• Sector: Healthcare
• Sector Strength: 52
• Industry: Drug Manufacturers - Specialty & Generic
• EPS (TTM): -0.06
• Shares Outstanding: 325,363,800
• 10 Day Avg. Volume: 331,630
• 30 Day Avg. Volume: 366,355
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.35
• Price Target Upside: 1.49% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: C$0.50 ▲(47.06% Upside)

Planet 13 Holdings faces significant financial challenges, with declining revenues and profitability, as well as a concerning valuation due to a negative P/E ratio. Technical analysis provides some mixed signals, with potential oversold conditions but overall bearish sentiment. The absence of a dividend yield further impacts the stock's attractiveness. Despite some operational improvements, the overall outlook remains cautious.

Planet 13 Holdings Business Overview & Revenue Model

Company Description

Planet 13 Holdings Inc., an integrated cannabis company, engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. The company also operates licensed cannabis dispensaries; non-cannabis retail merchandise store and event space; and owns and operates Trece Eatery + Spirits, coffee shop and pizzeria. In addition, it provides consultation, education, and convenience services. The company owns and manufactures chocolates, gummies, sparkling beverages, vapes and concentrates, and flowers under the TRENDI, Leaf & Vine, Dreamland, and HaHa, and Medizin brands. Planet 13 Holdings Inc. is headquartered in Las Vegas, Nevada.

How the Company Makes Money

Planet 13 generates revenue primarily through the sale of cannabis products at its retail locations. The company operates a vertically integrated business model, which means it cultivates its own cannabis, manufactures products, and sells them directly to consumers. Key revenue streams include retail sales from its dispensary, wholesale sales to other dispensaries, and the sale of branded products. Additionally, Planet 13 benefits from significant partnerships, such as collaborations with local businesses for co-marketing initiatives and events, which help drive foot traffic and enhance brand visibility. The company also invests in marketing and experiential offerings to create a unique customer experience, further contributing to its earnings.

Planet 13 Holdings Financial Statement Overview

Summary

Planet 13 Holdings is facing significant financial challenges with persistent net losses, negative operating margins, and cash flow issues. Despite some revenue growth and improvements in cash management, the company struggles with profitability and efficiency.

Income Statement

Planet 13 Holdings has faced challenges with declining revenue and profitability. The revenue growth rate from 2023 to 2024 was 18.2%, but the company continues to report significant net losses with a net profit margin of -41.1% in 2024. Gross profit margin decreased to 48.2%, indicating pressures on cost management. EBIT and EBITDA margins are negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows moderate stability with a debt-to-equity ratio of 0.51, which is within a manageable range. However, the equity ratio dropped to 54.5%, reflecting a decrease in equity relative to assets. Return on equity (ROE) is negative due to the net losses, highlighting challenges in generating returns for shareholders.

Cash Flow

Cash flow analysis reveals a negative free cash flow, although it improved from the previous year, indicating better cash management. The operating cash flow to net income ratio is -0.11, which is a concern, implying that the company is not efficiently converting income into cash flow. Despite improvements, free cash flow remains negative, indicating ongoing cash management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	117.33M	116.41M	98.51M	104.57M	119.49M	70.49M
Gross Profit	53.46M	56.11M	44.82M	47.97M	66.01M	35.37M
EBITDA	-9.42M	-825.39K	-4.11M	-14.68M	-2.29M	3.86M
Net Income	-49.20M	-47.80M	-73.61M	-48.98M	-19.46M	-7.94M
Balance Sheet
Total Assets	200.98M	206.73M	151.75M	233.63M	216.81M	150.00M
Cash, Cash Equivalents and Short-Term Investments	15.85M	23.38M	11.83M	52.36M	61.59M	79.00M
Total Debt	58.70M	56.95M	26.83M	27.20M	24.44M	23.21M
Total Liabilities	103.05M	94.02M	44.11M	42.74M	43.10M	29.30M
Stockholders Equity	97.92M	112.71M	107.64M	190.89M	173.71M	120.70M
Cash Flow
Free Cash Flow	-14.96M	-6.83M	-21.31M	-12.90M	-82.14M	-8.95M
Operating Cash Flow	-4.97M	5.21M	-12.05M	3.80M	-379.88K	-914.97K
Investing Cash Flow	-9.98M	-3.79M	-9.19M	-14.18M	-81.76M	-8.03M
Financing Cash Flow	2.08M	6.73M	-267.53K	1.14M	64.54M	75.00M

Planet 13 Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PLTH, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.33, and below the 200-day MA of 0.41, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.13 is Neutral, neither overbought nor oversold. The STOCH value of 18.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PLTH.

Planet 13 Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$7.95B	-0.38	-42.44%	2.22%	22.30%	-1.83%
PLTH	47 Neutral	C$109.00M	―	-38.44%	―	18.62%	52.09%
JUSH	44 Neutral	C$194.73M	―	155.52%	―	0.31%	-1.42%
OGI	―	$221.40M	116.20	1.86%	―	―	―
CBWTF	―	$145.76M	7.06	22.40%	―	―	―
DBCCF	―	$52.11M	4.87	22.76%	―	―	―
LOVFF	―	$113.69M	10.37	16.92%	―	―	―

Planet 13 Holdings Corporate Events

Planet 13 Holdings Faces Challenges in Q2 2025 Amid Strategic Expansions

Planet 13 Holdings reported a challenging Q2 2025 with a revenue of $26.9 million and a net loss of $13.3 million. Despite a tough operating environment marked by price compression and increased competition, the company focused on cost-cutting measures and aggressive pricing strategies to maintain its competitive edge. The company opened new dispensaries in Florida and launched a revamped loyalty program, indicating efforts to expand and enhance customer engagement.

The most recent analyst rating on (TSE:PLTH) stock is a Buy with a C$0.85 price target. To see the full list of analyst forecasts on Planet 13 Holdings stock, see the TSE:PLTH Stock Forecast page.

Planet 13 to Release Q2 2025 Financial Results, Expands Market Presence

Planet 13 Holdings announced it will release its second quarter 2025 financial results on August 13, 2025, followed by a conference call to discuss key business highlights and future strategies. This announcement is part of Planet 13’s ongoing efforts to expand its market presence and strengthen its position in the cannabis industry, with significant implications for stakeholders as the company continues to grow its operations across multiple states.

The most recent analyst rating on (TSE:PLTH) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Planet 13 Holdings stock, see the TSE:PLTH Stock Forecast page.

Planet 13 Holdings Announces AGM Results and Strategic Amendments

Planet 13 Holdings Inc. announced the results of its Annual General Meeting, highlighting the election of directors, approval of an amendment to its 2023 Equity Incentive Plan, and the re-appointment of Davidson & Company LLP as auditors. The amendment to the Equity Incentive Plan increases the number of shares authorized for issuance, which could support the company’s growth and expansion efforts. These developments reflect Planet 13’s strategic focus on strengthening its leadership and financial framework to enhance its market position.

The most recent analyst rating on (TSE:PLTH) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Planet 13 Holdings stock, see the TSE:PLTH Stock Forecast page.

Planet 13 Announces CFO Resignation and Interim Appointment

Planet 13 Holdings announced the resignation of its Chief Financial Officer, Dennis Logan, effective May 31, 2025, as he leaves to pursue other opportunities. Steve McLean, the current Vice President of Finance, will step in as the Interim CFO. This leadership change comes as the company continues its expansion efforts, including the opening of new locations and enhancing its market presence in the cannabis industry.

The most recent analyst rating on (TSE:PLTH) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Planet 13 Holdings stock, see the TSE:PLTH Stock Forecast page.