false
0001813452
0001813452
2024-05-09
2024-05-09
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 9, 2024
PLANET 13 HOLDINGS INC.
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(Exact name of registrant as specified in its charter)
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Nevada
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000-56374
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83-2787199
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification Number)
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2548 West Desert Inn Road, Suite 100
Las Vegas, Nevada
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89109
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(Address of principal executive offices)
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(Zip Code)
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(702) 815-1313
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.424)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On May 9, 2024, Planet 13 Holdings Inc. (the “Company”) announced via press release its results for the first quarter ended March 31, 2024. A copy of the Company’s press release is hereby furnished and incorporated herein by reference as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Exhibit No.
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Description
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99.1
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104
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Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Planet 13 Holdings Inc.
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Date: May 9, 2024
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By:
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/s/ Robert Groesbeck
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Name
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Robert Groesbeck
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Its:
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Co-Chief Executive Officer
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Date: May 9, 2024
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By:
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/s/ Larry Scheffler
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Name:
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Larry Scheffler
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Its:
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Co-Chief Executive Officer
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Exhibit 99.1
Planet 13 Announces Q1 2024 Financial Results
All figures are reported in United States dollars ($) unless otherwise indicated
Las Vegas, Nevada – May 9, 2024 – Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced its financial results for the three-month period ended March 31, 2024. Planet 13’s financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).
“With the recent news around rescheduling from schedule I to schedule III, it is an exciting time to be in the cannabis industry. The removal of the punishing 280e tax treatment fundamentally alters our cash flow and net income potential. We are preparing to capitalize on this change by instituting a new growth plan aimed at offsetting the continued pricing pressure in the Nevada market. Emblematic of this strategy is the growth from our growing Neighborhood store network which counterbalanced the decline in the Nevada market. With the close of VidaCann we are going to continue adding Neighborhood stores, increasing revenue and operating leverage to allow us to generate more cashflow, particularly as we approach the post 280e tax landscape,” stated Larry Scheffler, Co-CEO of Planet 13.
“The beginning of 2024 has seen significant strides in advancing our growth objectives. We opened our DAZED! cannabis lounge in April, and we are on the verge of closing the VidaCann acquisition, giving us a top-10 position in the Florida market. The VidaCann team has driven incredible growth over the last year, and we eagerly anticipate sustaining this momentum as the state moves towards the thrilling possibility of adult-use legalization,” commented Bob Groesbeck, co-CEO of Planet 13. “This is just the start of an exciting multi-year growth plan as we take Planet 13 from a local brand with a global following to a true national brand.”
Financial Highlights – Q1 – 2024
Operating Results
All comparisons below are to the quarter ended March 31, 2023, unless otherwise noted
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●
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Revenue was $22.9 million as compared to $24.9 million, a decrease of 8.2%. Lower sales at the SuperStore and in wholesale offset growth from the Planet 13 Neighborhood store network.
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●
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Gross profit was $10.5 million or 45.8% as compared to $10.9 million or 43.7%. The improvement in gross margin was driven by a decrease in product discounting at retail.
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Balance Sheet
All comparisons below are to December 31, 2023, unless otherwise noted
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●
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Cash of $20.8 million as compared to $11.8 million
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●
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Total assets of $157.4 million as compared to $151.7 million
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●
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Total liabilities of $45.6 million as compared to $44.1 million
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Q1 Highlights and Recent Developments
For a more comprehensive overview of these highlights and recent developments, please refer to Planet 13’s Management’s Discussion and Analysis of the Financial Condition and Results of Operations for the Three Months Ended March 31, 2024 (the “MD&A”).
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●
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On January 22, 2024, Planet 13 entered into a definitive agreement to sell Planet 13 Florida Inc. which holds its redundant Medical Marijuana Treatment Center license in Florida. |
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●
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On February 8, 2024, Planet 13 announced an expansion of the leadership team and board. |
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● |
On March 4, 2024, Planet 13 announced the commencement of an underwritten public offering of units. |
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● |
On March 7, 2024, Planet 13 closed the previously announced public offering of units. |
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● |
On April 5, 2024, Planet 13 announced the opening of DAZED! lounge. |
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● |
On April 29, 2024, Planet 13 announced it had received approval from the OMMU for the VidaCann acquisition. |
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● |
On April 30, 2024, Planet 13 announced the launch of new Medizin Branded Topicals powered by Planet 13. |
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● |
On May 6, 2024, Planet 13 announced the closing of the sale of Planet 13 Florida Inc. which holds its Medical Marijuana Treatment Center license in Florida. |
Results of Operations (Summary)
The following tables set forth consolidated statements of financial information for the three-month periods ending March 31, 2024, and March 31, 2023.
Financial Highlights
Results of Operations
(Figures in millions
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For the Three Months Ended
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|
|
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and % change based
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March 31,
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March 31,
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on these figures)
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2024
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|
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2023
|
|
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change
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|
|
|
|
|
|
|
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|
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Total Revenue
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$ |
22.9 |
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$ |
24.9 |
|
|
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-8.2 |
% |
Gross Profit
|
|
$ |
10.5 |
|
|
$ |
10.9 |
|
|
|
-3.7 |
% |
Gross Profit %
|
|
|
45.8 |
% |
|
|
43.7 |
% |
|
|
4.9 |
% |
Operating Expenses
|
|
$ |
12.0 |
|
|
$ |
12.4 |
|
|
|
-3.0 |
% |
Operating Expenses %
|
|
|
52.4 |
% |
|
|
49.6 |
% |
|
|
5.7 |
% |
Net Loss Before Provision for Income Taxes
|
|
$ |
(3.5 |
) |
|
$ |
(6.1 |
) |
|
|
-42.6 |
% |
Net Loss
|
|
$ |
(5.9 |
) |
|
$ |
(8.5 |
) |
|
|
-30.7 |
% |
Adjusted EBITDA
|
|
$ |
(0.0 |
) |
|
$ |
(1.3 |
) |
|
|
-97.0 |
% |
Adjusted EBITDA Margin %
|
|
|
-0.2 |
% |
|
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-5.3 |
% |
|
|
|
|
The Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, is available on the SEC’s website at www.sec.gov or at https://planet13.com/investors/. The Company’s Management Discussion and Analysis for the period and the accompanying financial statements and notes are available under the Company's profile on SEDAR+ at https://www.sedarplus.ca/ and on its website at https://planet13.com/investors/.
This news release is not in any way a substitute for reading those financial statements, including the notes to the financial statements.
Conference Call
Planet 13 will host a conference call on May 9, 2024 at 6:00 p.m. ET to discuss its first quarter financial results and provide investors with key business highlights, strategy, and outlook. The call will be chaired by Robert Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Dennis Logan, CFO.
CONFERENCE CALL DETAILS
Date: May 9, 2024 | Time: 6:00 p.m. EST
Participant Dial-in: Toll Free 888-506-0062 or International 973-528-0016. Access Code 707676
Replay Dial-in: Toll Free 877-481-4010 or International 919-882-2331
(Available for 2 weeks)
Reference Number: 50504
Listen to webcast: https://www.webcaster4.com/Webcast/Page/2477/50504
Non-GAAP Financial Measures
There are financial measures included in this press release that are not in accordance with GAAP and therefore may not be comparable to similarly titled measures and metrics presented by other publicly traded companies. These non-GAAP financial measures should be considered as supplemental to, and not a substitute for, our reported financial results prepared in accordance with GAAP. The Company includes EBITDA and Adjusted EBITDA because it believes certain investors use these measures and metrics as a means of assessing financial performance. EBITDA is calculated as net income (loss) before interest, taxes, depreciation and amortization and Adjusted EBITDA is calculated as EBITDA before share-based compensation, the change in fair value of warrants and one-time non-recurring expenses.
The following table presents a reconciliation of net income (loss) to Adjusted EBITDA for each of the periods presented:
Reconciliation of Non-GAAP Adjusted EBITDA
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(Figures in millions
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For the Three Months Ended
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|
|
|
|
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and % change based
|
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March 31,
|
|
|
March 31,
|
|
|
|
|
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on these figures)
|
|
2024
|
|
|
2023
|
|
|
change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss)
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$ |
(5.9 |
) |
|
$ |
(8.5 |
) |
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|
-30.7 |
% |
Add impact of:
|
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|
|
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|
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|
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Interest income, net
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$ |
(0.0 |
) |
|
$ |
(0.1 |
) |
|
|
-78.9 |
% |
Provision for income taxes
|
|
$ |
2.3 |
|
|
$ |
2.3 |
|
|
|
0.5 |
% |
Depreciation and amortization
|
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$ |
2.1 |
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|
$ |
2.2 |
|
|
|
-7.9 |
% |
Depreciation included in cost of goods sold
|
|
$ |
1.0 |
|
|
$ |
1.0 |
|
|
|
-6.0 |
% |
EBITDA
|
|
$ |
(0.5 |
) |
|
$ |
(3.0 |
) |
|
|
-82.2 |
% |
Change in fair value of warrants
|
|
$ |
- |
|
|
$ |
(0.0 |
) |
|
|
-100.0 |
% |
Share-based compensation and related premiums
|
|
$ |
0.1 |
|
|
$ |
0.7 |
|
|
|
-85.5 |
% |
Professional fees expensed related to M&A activities
|
|
$ |
0.0 |
|
|
$ |
1.0 |
|
|
|
-95.2 |
% |
Professional fees expensed related to El Capitan Matter
|
|
$ |
0.3 |
|
|
$ |
- |
|
|
|
0.0 |
% |
Adjusted EBITDA
|
|
$ |
(0.0 |
) |
|
$ |
(1.3 |
) |
|
|
-97.0 |
% |
For more information on Planet 13, visit the investor website (https://planet13.com/investors/).
About Planet 13
Planet 13 (https://planet13.com) is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and upcoming sites in Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint with the recent debut of its first consumption lounge in Las Vegas, DAZED!, and the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13 holds a medical marijuana treatment center license in Florida allowing for state-wide expansion throughout the Sunshine State. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such as “plans”, “expects”, “proposed”, “may”, “could”, “would”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases. In this news release, forward-looking statements relate to our strategic goals or future performance. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others: final regulatory and other approvals or consents needed to operate our business; fluctuations in general macroeconomic conditions; inflationary pressures; fluctuations in securities markets; expectations regarding the size of the cannabis market in the states in which we currently operate in or contemplate future operations and changing consumer habits in such states; the ability of the Company to successfully achieve its business objectives; plans for expansion; political and social uncertainties including international conflict; inability to obtain adequate insurance to cover risks and hazards; and the presence of laws and regulations that may impose restrictions on cultivation, production, distribution and sale of cannabis and cannabis related products in the states in which we currently operate in or contemplate future operations; employee relations and other risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission at www.sec.gov and on the Company’s issuer profile on SEDAR at www.sedar.com and in the Company’s periodic reports subsequently filed with the U.S. Securities and Exchange Commission and on SEDAR. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further inquiries, please contact:
LodeRock Advisors Inc., Planet 13 Investor Relations
mark.kuindersma@loderockadvisors.com
Robert Groesbeck or Larry Scheffler
Co-Chief Executive Officers
ir@planet13lasvegas.com
PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Balance Sheets
(Unaudited, In United States Dollars)
|
|
|
March 31,
|
|
|
December 31,
|
|
|
|
2024
|
|
|
2023
|
|
ASSETS
|
|
|
|
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Current Assets:
|
|
|
|
|
|
|
|
|
Cash
|
|
$ |
20,771,317 |
|
|
$ |
11,831,008 |
|
Restricted Cash
|
|
|
2,050,584 |
|
|
|
5,450,584 |
|
Accounts Receivable
|
|
|
1,035,465 |
|
|
|
1,195,927 |
|
Inventory
|
|
|
16,998,825 |
|
|
|
15,760,648 |
|
Assets held for sale
|
|
|
9,000,000 |
|
|
|
9,000,000 |
|
Prepaid Expenses and Other Current Assets
|
|
|
2,893,277 |
|
|
|
4,072,820 |
|
Total Current Assets
|
|
|
52,749,468 |
|
|
|
47,310,987 |
|
|
|
|
|
|
|
|
|
|
Property and Equipment
|
|
|
67,342,325 |
|
|
|
67,551,697 |
|
Intangible Assets
|
|
|
15,253,797 |
|
|
|
15,253,797 |
|
Right of Use Assets - Operating
|
|
|
20,516,518 |
|
|
|
20,054,369 |
|
Long-term Deposits and Other Assets
|
|
|
800,757 |
|
|
|
869,853 |
|
Deferred Tax Asset
|
|
|
725,196 |
|
|
|
706,038 |
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS
|
|
$ |
157,388,061 |
|
|
$ |
151,746,741 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
Current:
|
|
|
|
|
|
|
|
|
Accounts Payable
|
|
$ |
1,953,157 |
|
|
$ |
2,850,922 |
|
Accrued Expenses
|
|
|
5,187,413 |
|
|
|
6,097,641 |
|
Income Taxes Payable
|
|
|
7,499,412 |
|
|
|
4,782,538 |
|
Notes Payable - Current Portion
|
|
|
884,000 |
|
|
|
884,000 |
|
Operating Lease Liabilities
|
|
|
779,389 |
|
|
|
674,594 |
|
Total Current Liabilities
|
|
|
16,303,371 |
|
|
|
15,289,695 |
|
|
|
|
|
|
|
|
|
|
Long-Term Liabilities:
|
|
|
|
|
|
|
|
|
Operating Lease Liabilities
|
|
|
25,801,491 |
|
|
|
25,271,706 |
|
Other Long-term Liabilities
|
|
|
33,000 |
|
|
|
33,000 |
|
Deferred Tax Liability
|
|
|
3,510,826 |
|
|
|
3,511,559 |
|
Total Liabilities
|
|
|
45,648,688 |
|
|
|
44,105,960 |
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
Common Stock, no par value, 1,500,000,000 shares authorized, 243,291,548 issued and outstanding at March 31, 2024 and 223,317,270 at December 31, 2023
|
|
|
- |
|
|
|
- |
|
Preferred Stock, no par value, 50,000,000 shares authorized, 0 issued and outstanding at March 31, 2024 and 0 at December 31, 2023
|
|
|
- |
|
|
|
- |
|
Additional Paid-In Capital
|
|
|
325,923,704 |
|
|
|
315,951,343 |
|
Deficit
|
|
|
(214,184,331 |
) |
|
|
(208,310,562 |
) |
Total Shareholders' Equity
|
|
|
111,739,373 |
|
|
|
107,640,781 |
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
|
|
$ |
157,388,061 |
|
|
$ |
151,746,741 |
|
PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited, In United States Dollars)
|
|
|
Three Months Ended
|
|
|
|
March 31,
|
|
|
March 31,
|
|
|
|
2024
|
|
|
2023
|
|
|
|
|
|
|
|
|
|
|
Revenues, net of discounts
|
|
$ |
22,877,471 |
|
|
$ |
24,915,396 |
|
Cost of Goods Sold
|
|
|
(12,392,992 |
) |
|
|
(14,032,585 |
) |
Gross Profit
|
|
|
10,484,479 |
|
|
|
10,882,811 |
|
|
|
|
|
|
|
|
|
|
Expenses:
|
|
|
|
|
|
|
|
|
General and Administrative
|
|
|
10,024,787 |
|
|
|
10,955,007 |
|
Sales and Marketing
|
|
|
1,290,737 |
|
|
|
1,335,740 |
|
Lease Expense
|
|
|
774,946 |
|
|
|
784,636 |
|
Depreciation
|
|
|
2,059,023 |
|
|
|
2,235,464 |
|
Total Expenses
|
|
|
14,149,493 |
|
|
|
15,310,847 |
|
|
|
|
|
|
|
|
|
|
Loss From Operations
|
|
|
(3,665,014 |
) |
|
|
(4,428,036 |
) |
|
|
|
|
|
|
|
|
|
Other Income (Expense):
|
|
|
|
|
|
|
|
|
Interest income, net
|
|
|
24,562 |
|
|
|
116,351 |
|
Foreign exchange gain (loss)
|
|
|
(3,097 |
) |
|
|
1,887 |
|
Change in fair value of warrant liability
|
|
|
- |
|
|
|
18,127 |
|
Provision for misappropriated funds
|
|
|
- |
|
|
|
(2,000,000 |
) |
Other Income, net
|
|
|
113,749 |
|
|
|
144,609 |
|
Total Other Income
|
|
|
135,214 |
|
|
|
(1,719,026 |
) |
|
|
|
|
|
|
|
|
|
Loss Before Provision for Income Taxes
|
|
|
(3,529,800 |
) |
|
|
(6,147,062 |
) |
|
|
|
|
|
|
|
|
|
Provision For Income Taxes
|
|
|
|
|
|
|
|
|
Current Tax Expense
|
|
|
(2,363,860 |
) |
|
|
(2,265,088 |
) |
Deferred Tax Recovery
|
|
|
19,891 |
|
|
|
(67,999 |
) |
|
|
|
(2,343,969 |
) |
|
|
(2,333,087 |
) |
|
|
|
|
|
|
|
|
|
Net Loss and Comprehensive Loss
|
|
$ |
(5,873,769 |
) |
|
$ |
(8,480,149 |
) |
|
|
|
|
|
|
|
|
|
Loss per Share
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share
|
|
$ |
(0.03 |
) |
|
$ |
(0.04 |
) |
|
|
|
|
|
|
|
|
|
Weighted Average Number of Shares of Common Stock
|
|
|
|
|
|
|
|
|
Basic and diluted
|
|
|
228,437,545 |
|
|
|
221,084,457 |
|
PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Statements of Cash Flows
(Unaudited, In United States Dollars)
|
|
|
Three Months Ended
|
|
|
|
March 31,
|
|
|
March 31,
|
|
|
|
2024
|
|
|
2023
|
|
CASH USED IN OPERATING ACTIVITIES
|
|
|
|
|
|
|
|
|
Net loss
|
|
$ |
(5,873,769 |
) |
|
$ |
(8,480,149 |
) |
Adjustments for items not involving cash:
|
|
|
|
|
|
|
|
|
Shared based compensation
|
|
|
104,338 |
|
|
|
720,991 |
|
Non-cash lease expense
|
|
|
235,980 |
|
|
|
1,279,369 |
|
Depreciation
|
|
|
3,017,720 |
|
|
|
3,259,999 |
|
Change in fair value of warrant liability
|
|
|
- |
|
|
|
(18,127 |
) |
Loss on disposal of fixed assets
|
|
|
66,178 |
|
|
|
- |
|
Lease incentive amortization
|
|
|
27,277 |
|
|
|
(26,115 |
) |
|
|
|
(2,422,276 |
) |
|
|
(3,264,032 |
) |
|
|
|
|
|
|
|
|
|
Net Changes in Non-cash Working Capital Items
|
|
|
1,082,151 |
|
|
|
(3,099,853 |
) |
Repayment of lease liabilities
|
|
|
(90,826 |
) |
|
|
(982,255 |
) |
Total Operating
|
|
|
(1,430,951 |
) |
|
|
(7,346,140 |
) |
|
|
|
|
|
|
|
|
|
FINANCING ACTIVITIES
|
|
|
|
|
|
|
|
|
Proceeds from public share issuance
|
|
|
9,913,856 |
|
|
|
- |
|
Total Financing
|
|
|
9,913,856 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
INVESTING ACTIVITIES
|
|
|
|
|
|
|
|
|
Purchase of property and equipment
|
|
|
(2,947,190 |
) |
|
|
(3,653,373 |
) |
Proceeds from sales of fixed assets
|
|
|
4,594 |
|
|
|
- |
|
Purchase of 51% interest in Planet 13 Illinois
|
|
|
- |
|
|
|
(866,250 |
) |
Total Investing
|
|
|
(2,942,596 |
) |
|
|
(4,519,623 |
) |
|
|
|
|
|
|
|
|
|
NET CHANGE IN CASH DURING THE PERIOD
|
|
|
5,540,309 |
|
|
|
(11,865,763 |
) |
|
|
|
|
|
|
|
|
|
CASH
|
|
|
|
|
|
|
|
|
Beginning of Period
|
|
|
17,281,592 |
|
|
|
38,789,604 |
|
|
|
|
|
|
|
|
|
|
End of Period
|
|
$ |
22,821,901 |
|
|
$ |
26,923,841 |
|
v3.24.1.u1
Document And Entity Information
|
May 09, 2024 |
Document Information [Line Items] |
|
Entity, Registrant Name |
PLANET 13 HOLDINGS INC.
|
Document, Type |
8-K
|
Document, Period End Date |
May 09, 2024
|
Entity, Incorporation, State or Country Code |
NV
|
Entity, File Number |
000-56374
|
Entity, Tax Identification Number |
83-2787199
|
Entity, Address, Address Line One |
2548 West Desert Inn Road
|
Entity, Address, Address Line Two |
Suite 100
|
Entity, Address, City or Town |
Las Vegas
|
Entity, Address, State or Province |
NV
|
Entity, Address, Postal Zip Code |
89109
|
City Area Code |
702
|
Local Phone Number |
815-1313
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity, Emerging Growth Company |
true
|
Entity, Ex Transition Period |
false
|
Amendment Flag |
false
|
Entity, Central Index Key |
0001813452
|
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