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Planet 13 reports Q1 2026 revenue of $21.1M with $8.1M net loss amid strategic shifts and federal cannabis policy changes.

Company Fundamentals
13 May 2026
GlobeNewsWire
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Neutral
pluang ai news

Planet 13 Holdings Inc. announced Q1 2026 financial results with revenue of $21.1 million, down 24.8% from the previous year due to exiting California and price pressures in Nevada and Florida. The company reported a net loss of $8.1 million and an adjusted EBITDA loss of $2.3 million, reflecting transition costs from strategic restructuring including market exits and cost reductions. Positive federal cannabis policy changes, including medical rescheduling in April, are expected to benefit Planet 13's operations, especially in Florida. The company is positioned to improve performance in upcoming quarters as these transition costs subside and regulatory environments evolve.

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