Planet 13 Holdings, Inc. (TSE:PLTH) has released an update.
Planet 13 Holdings Inc. reported a decline in Q4 2023 revenue to $23 million, alongside a net loss of $14.3 million, partially due to a non-cash impairment loss. Despite these challenges, the company achieved a positive Adjusted EBITDA of $1.3 million, indicating effective cost management and improved gross margins. Co-CEOs highlighted the company’s strong market share in Nevada and strategic moves positioning the company for growth in the potential Florida adult-use market.
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