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Planet 13 Holdings Inc. - PLNHF STOCK NEWS

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. (OTCQX: PLNHF) is a vertically integrated cannabis leader operating cultivation facilities, production centers, and landmark dispensaries including its Las Vegas SuperStore. This news hub provides investors and industry observers with essential updates about the company's operational developments, regulatory milestones, and market positioning.

Access real-time announcements including quarterly earnings reports, expansion initiatives, and product launches. Our curated feed eliminates the need by consolidating all Planet 13 Holdings news - from merger activity to compliance updates - in one location. Content types include SEC filings, management commentary, and market analysis relevant to PLNHF's multi-state operations.

Bookmark this page to efficiently track Planet 13's progress in key markets like Nevada, California, and Florida. Receive notifications about strategic partnerships, retail innovations, and regulatory developments impacting this cannabis industry innovator. For stakeholders monitoring the intersection of experiential retail and cannabis vertical integration, this resource offers comprehensive tracking without promotional bias.

Rhea-AI Summary
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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Planet 13 Holdings Inc.

OTC:PLNHF

PLNHF Rankings

PLNHF Stock Data

195.57M
135.45M
39.65%
0.34%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States
Las Vegas