Welcome to our dedicated page for Planet 13 Holdings news (Ticker: PLNHF), a resource for investors and traders seeking the latest updates and insights on Planet 13 Holdings stock.
Planet 13 Holdings Inc. (PLNHF) is a prominent vertically-integrated multi-state cannabis company known for its award-winning cultivation, production, and dispensary operations in Las Vegas, Orange County, and beyond. Recently, the company signed an exclusive licensing agreement with Ovation Science Inc. for their topical/transdermal formulations, highlighting a strong commitment to innovation and expansion in the cannabis market. With a mission to build a recognizable global brand through world-class dispensary operations and cutting-edge cannabis products, Planet 13 continues to be a key player in the rapidly evolving cannabis industry.
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Planet 13 Holdings Inc. closes underwritten public offering, raising approximately US$11.3 million through the sale of 18,750,000 units at a price of US$0.60 per unit. The company intends to utilize the net proceeds for working capital, acquiring additional retail cannabis licenses in Nevada, and expanding retail presence in Florida and Illinois.
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Planet 13 Holdings Inc. announced the pricing of its underwritten public offering, issuing 18.75 million units at $0.60 per unit, totaling approximately $11.3 million in gross proceeds. Each unit includes one common stock share and one warrant. The underwriters have a 30-day option to purchase additional shares and warrants. If exercised fully, the total gross proceeds will be around $12.9 million.
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Planet 13 Holdings Inc. announced an underwritten public offering of units consisting of common stock and warrants. The company plans to use the net proceeds for working capital, acquiring additional cannabis licenses, expanding retail presence, and other capital improvements.
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Planet 13 Holdings completes Nevada Domestication, common stock to be quoted on OTCQX U.S. market with new ticker symbol PLNH
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Planet 13 Holdings to complete Nevada Domestication on September 15, 2023
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Ovation Science signs license agreement with Planet 13 for its topical/transdermal cannabis products for Nevada
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Planet 13 Holdings Inc. announces acquisition of VidaCann, a Florida cannabis company
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Planet 13 Holdings Inc., a multi-state cannabis company, reported Q2 2023 revenue of $25.8 million, compared to $24.9 million in Q1 2023. The net loss for Q2 2023 was $4.3 million, and the adjusted EBITDA was $3.0 million. The company saw a decline in revenue due to a decrease in the average price of cannabis in Nevada, but experienced improvement in gross margins and EBITDA margins sequentially. Planet 13 also highlighted progress in strengthening their SuperStore, opening a consumption lounge, and completing a new dispensary in Illinois.
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Planet 13 Holdings Inc. plans to release its financial results for Q2 2023 on August 9th and host a conference call to discuss the results and provide business highlights.
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FAQ
What is the market cap of Planet 13 Holdings (PLNHF)?
The market cap of Planet 13 Holdings (PLNHF) is approximately 195.6M.
What makes Planet 13 Holdings Inc. stand out in the cannabis industry?
Planet 13 is recognized for its vertical integration, award-winning cultivation, production, and dispensary operations, setting itself apart as a prominent player in the cannabis market.
What recent partnership has Planet 13 Holdings Inc. entered into?
Recently, Planet 13 signed an exclusive licensing agreement with Ovation Science Inc. for their topical/transdermal formulations, showcasing a commitment to innovation and expansion.
What is the core mission of Planet 13 Holdings Inc.?
Planet 13's mission is to establish a prominent global brand known for its exceptional dispensary operations and innovative cannabis products, aiming to lead the way in the evolving cannabis landscape.
Where are the primary operational locations of Planet 13 Holdings Inc.?
Planet 13 operates from key locations including Las Vegas, Orange County, California, with plans for expansion in Florida and Illinois, showcasing a commitment to widespread presence in the cannabis market.
How does Planet 13 Holdings Inc. contribute to the cannabis market?
Planet 13 is dedicated to building a recognizable global brand through its cutting-edge cannabis products and world-class dispensary operations, contributing to the innovation and growth of the cannabis industry.
Planet 13 Holdings Inc.
OTC:PLNHF
PLNHF Rankings
PLNHF Stock Data
195.57M
135.45M
39.65%
0.34%
Drug Manufacturers - Specialty & Generic
Healthcare
United States
Las Vegas