Planet 13 Holdings Inc
Planet 13 Holdings Inc operates in the cannabis retail and distribution sector, generating revenue primarily through the sale of cannabis products and related services.
Business. Planet 13 Holdings Inc (PLTH.CD) operates in the Food & Drug Retailing industry within the Consumer Non-Cyclicals sector. The company generates revenue through a product-sale model, with key performance indicators including same-store sales growth, traffic, and average ticket size. Specific details regarding operating segments, headquarters location, and primary exchange listings are not provided in the available data.
Analyst recommendations
3 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Planet 13 Holdings Inc (PLTH.CD) operates in the Food & Drug Retailing industry within the Consumer Non-Cyclicals sector. The company generates revenue through a product-sale model, with key performance indicators including same-store sales growth, traffic, and average ticket size. Specific details regarding operating segments, headquarters location, and primary exchange listings are not provided in the available data.
Planet 13 Holdings Inc has a current ratio of 3.24, indicating strong short-term liquidity, but its operating cash flow of -$1.43 million and free cash flow of -$5.80 million suggest ongoing cash burn. The company's debt-to-equity ratio is 0.01, reflecting minimal leverage, but its net income of -$5.87 million and operating income of -$3.67 million indicate significant operational losses.
The company's return on equity of -5.26% and return on assets of -3.73% are well below the industry median for profitability metrics, suggesting underperformance relative to peers. Gross profit of $10.48 million is a positive, but the negative operating and net income highlight inefficiencies in cost management and operational execution.
Revenue is concentrated in a single business segment, with no disclosed geographic diversification, increasing exposure to regional market risks. The company's capital expenditures of -$2.95 million indicate ongoing investment in infrastructure, but the lack of segment-specific growth data limits visibility into future performance.
Outlook for the current fiscal year is negative, with no disclosed revenue growth and continued losses. Analysts have assigned a mean price target of $0.23, with no strong buy recommendations, reflecting limited confidence in near-term recovery.
The company faces liquidity risk due to negative net cash after subtracting total debt, despite a low dilution risk. No dilutive events are currently expected, and the company has not disclosed any recent share issuance or shelf registration activity.
Recent filings and transcripts have not disclosed any material events that would significantly alter the company's risk profile or strategic direction. The absence of strong buy analyst ratings and the lack of positive earnings trends suggest a cautious outlook for the near term.
- Planet 13 Holdings Inc is experiencing significant operational losses, with a net income of -$5.87 million and operating income of -$3.67 million.
- The company's liquidity position is strong with a current ratio of 3.24, but its negative operating and free cash flows indicate ongoing cash burn.
- Return on equity and return on assets are below industry medians, highlighting underperformance in profitability.
- Revenue is concentrated in a single segment, with no geographic diversification, increasing exposure to regional market risks.
- Analysts have assigned a mean price target of $0.23, with no strong buy recommendations, reflecting limited confidence in near-term recovery.
Bull / Bear case
Generated · model-assistedAnalysts project 18.4% upside to a mean price target of $0.225, suggesting undervaluation relative to current market price.
The company maintains a low debt-to-equity ratio of 0.01, significantly below the cohort median of 0.51.
Dilution risk is assessed as low, indicating limited immediate threat to shareholder equity from share issuance.
Return on equity of -5.26% falls in the bottom quartile, indicating poor capital efficiency compared to peers.
In focus — financials by report
Revenue $25.2M, −16,7% YoY; Operating income +81,6% YoY.
- ▍Revenue $25.2M, −16,7% YoY
- ▍Operating income +81,6% YoY
- ▍Net income +82,5% YoY
- ▍Free cash flow +88,1% YoY
- ▍Net margin -18.3%
Revenue $23.3M, −27,6% YoY; Operating income −1 140,7% YoY.
- ▍Revenue $23.3M, −27,6% YoY
- ▍Operating income −1 140,7% YoY
- ▍Net income −493,1% YoY
- ▍Free cash flow −568,1% YoY
- ▍Net margin -188.9%
Revenue $26.9M, −13,6% YoY; Operating income −92,7% YoY.
- ▍Revenue $26.9M, −13,6% YoY
- ▍Operating income −92,7% YoY
- ▍Net income −64,8% YoY
- ▍Free cash flow −38,9% YoY
- ▍Net margin -49.5%
Revenue $28.0M, +22,5% YoY; Operating income −80,4% YoY.
- ▍Revenue $28.0M, +22,5% YoY
- ▍Operating income −80,4% YoY
- ▍Net income +65,2% YoY
- ▍Free cash flow +71,4% YoY
- ▍Net margin -7.3%
Revenue $30.3M; Operating income -$25.0M.
- ▍Revenue $30.3M
- ▍Operating income -$25.0M
- ▍Net margin -87.3%
Revenue $32.2M; Operating income -$3.3M.
- ▍Revenue $32.2M
- ▍Operating income -$3.3M
- ▍Net margin -23.0%
Revenue $31.1M; Operating income -$3.5M.
- ▍Revenue $31.1M
- ▍Operating income -$3.5M
- ▍Net margin -26.0%
Revenue $103.4M, −11,2% YoY; Operating income −66,9% YoY.
- ▍Revenue $103.4M, −11,2% YoY
- ▍Operating income −66,9% YoY
- ▍Net income −33,7% YoY
- ▍Free cash flow −27,3% YoY
- ▍Net margin -61.8%
Revenue $116.4M, +18,2% YoY; Operating income +41,9% YoY.
- ▍Revenue $116.4M, +18,2% YoY
- ▍Operating income +41,9% YoY
- ▍Net income +35,1% YoY
- ▍Free cash flow +34,4% YoY
- ▍Net margin -41.1%
Revenue $98.5M, −5,8% YoY; Operating income −25,3% YoY.
- ▍Revenue $98.5M, −5,8% YoY
- ▍Operating income −25,3% YoY
- ▍Net income −23,6% YoY
- ▍Free cash flow −9,4% YoY
- ▍Net margin -74.7%
Revenue $104.6M, −12,5% YoY; Operating income −502,7% YoY.
- ▍Revenue $104.6M, −12,5% YoY
- ▍Operating income −502,7% YoY
- ▍Net income −165,1% YoY
- ▍Free cash flow +33,4% YoY
- ▍Net margin -56.9%
Revenue $119.5M; Operating income -$8.1M.
- ▍Revenue $119.5M
- ▍Operating income -$8.1M
- ▍Net margin -18.8%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,03 |
| Revenue | —no estimate | —no estimate | 92,6M USD |
| Operating income | —no estimate | —no estimate | -10,6M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Planet 13 Holdings Inc Market data — financials · 2026-05-29
- Planet 13 Holdings Inc Market data — analyst estimates · 2026-05-29