Planet 13 Holdings ( (TSE:PLTH) ) just unveiled an update.
Planet 13 Holdings reported a Q4 2024 revenue of $30.3 million, marking a 31.8% increase from the previous year, driven by expansion into Florida. Despite this growth, the company faced a net loss of $26.4 million due to a significant non-cash impairment loss. The company remains focused on maximizing productivity and efficiency to enhance margins and create a more resilient business. The full-year 2024 results showed a revenue increase to $116.4 million, with improved gross margins, although the net loss was $47.8 million. The company’s strategic expansion in Florida and operational adjustments aim to strengthen its market position amidst industry-wide price compression.
More about Planet 13 Holdings
Planet 13 Holdings Inc. is a leading vertically-integrated cannabis company based in Las Vegas, Nevada. The company focuses on expanding its retail footprint and scaling operations to strengthen its product portfolio and brand equity in the competitive cannabis industry.
YTD Price Performance: -18.42%
Average Trading Volume: 496,529
Technical Sentiment Signal: Buy
Current Market Cap: $102.5M
Find detailed analytics on PLTH stock on TipRanks’ Stock Analysis page.