Planet 13 Holdings Inc - PLNHF stock
Company Details
Planet 13 Holdings, Inc. (OTC: PLNHF, CSX: PLTH) is a vertically integrated multi-state cannabis company with operational licenses in California, Florida, Illinois, and Nevada. The company engages in the cultivation, production, distribution, and marketing of cannabis and cannabis-infused products for medical and retail cannabis markets in the United States. The Nevada-based firm owns, manufactures, and distributes cannabis products under different brands, including HaHa; gummies and beverages, Dreamland; chocolates, Trendi; vapes and concentrates, Medizin; flower, vapes, concentrates, and Leaf, and Vine; vapes. It also operates licensed cannabis dispensaries; a non-cannabis retail merchandise store and event space; and owns and operates Trece Eatery + Spirits, a coffee shop, and a pizzeria. The company further provides consultation, education, and convenience services. It sells more than 123 distinct strains of cannabis. Planet 13 is a public company listed on the Canadian Securities Exchange (“CSE”) under the symbol PLTH and the OTCQX exchange under the symbol “PLNHF”. The firm has its headquarters in Las Vegas, Nevada.[1] As of June, 2025, Planet 13 was operating 35 locations.[2]
Company Operations
The company is focused on operating ultra-high-end dispensaries in one-tier markets nationwide and bringing its in-house brands; Medizin, Trendi, Leaf & Vine, Dreamland, HaHa, and Planet M into its branded store and wholesale. Through its Nevada subsidiary, the firm holds six licenses for cultivation (three medical and three adult-use), six production licenses (three medical and three adult-use), three dispensary licenses (one medical and two adult-use), and one Nevada distribution license. The firm has one adult-use dispensary license and one distribution license in California. The company also has one Florida Medical Marijuana Treatment Center license (unlimited medical dispensary, cultivation, and processing facilities), and one Illinois conditional adult-use dispensary license. Planet 13, on n March 2, 2022, added three cultivation licenses (one medical and two adult-use), one cultivation nursery license, one California distribution license, and one license for adult-use manufacture in California through acquisition. The California Department of Cannabis Control approved the Company’s pending cultivation processing license on July 12, 2022.[3]
Subsidiaries
Planet 13 is focused on its large-store dispensing stores as superior stores that advance practical and experimental approaches to its customers, including cannabis-culture-inspired social-media backdrops for customer interaction, customer-facing production, drones, robotics, 3-D mapping projection, one-on-one sales staffing and customer education, and additional interactive market essentials contrary to traditional dispensing approaches. The company’s subsidiaries include:
(a) Newtonian Principles, Inc. for California-licensed cannabis dispensing and distribution activities,
(b) Next Green Wave, LLC for California-licensed cannabis cultivation and production activities,
(c) MM Development Company, Inc. for all licensed Nevada cannabis cultivation, production, distribution, and dispensing,
(d) Planet 13 Florida, Inc. ("Planet 13 Florida") holds the company’s Florida Medical Marijuana Treatment Center ("MMTC") license, and
(e) a 49% minority interest in Planet 13 Illinois, LLC ("Planet 13 Illinois") which, as of July 22, 2022, holds a conditional Illinois social-equity justice impaired dispensing license.[4]
Early Life
Planet 13 was incorporated on April 15, 2002, under the Canada Business Corporations Act under the name ‘‘High Income Preferred Shares Corporation.’’ Wombat Investment Trust acquired control of the firm on October 19, 2010. The company changed our name to ‘‘Carpincho Capital Corp.’’ on January 1, 2011. MM Development Company, Inc., one of Planet 13’s subsidiaries, was created on March 20, 2014, as a Nevada limited liability company to provide compassionate, dignified and affordable access to cannabis, cannabis concentrates and cannabis-infused products to approved customers in the State of Nevada. Before 2018, the company was largely financed by its founders Robert Groesbeck and Larry Scheffler, and companies controlled by them, through a combination of cash contributions classified as debt.[5]
- ↑ About the Company – Financial Times - markets.ft.com
- ↑ planet13.com. Locations. Accessed on 6/6/2025.
- ↑ PLANET 13 HOLDINGS INC. FORM 10-Q, Filed 11/10/22 for the Period Ending 09/30/22, Page 9 – Seeking Alpha. Retrieved on 11/19/2022
- ↑ PLANET 13 HOLDINGS INC. Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q), Page 26 – Market Screener. Accessed on 11/20/2022.
- ↑ History of the Company - FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2021, Page 6.
OTC Symbol: PLNHF | OTC Tier: OTCQX
