Planet 13 Holdings reported Q3 2026 revenue of $23.1 million, a 0.8% year-over-year decline but a 1.0% sequential increase. The company narrowed its Adjusted EBITDA loss to $0.2 million from $4.1 million in the prior-year period, supported by a significant gross margin expansion to 56.2%. Shareholders are scheduled to vote on the proposed merger with Vireo Growth at a special meeting on December 10, 2026.
Neutral
🤖 55%
Q3 2026 revenue of $23.1 million was down 0.8% year over year but up 1.0% sequentially, and the Adjusted EBITDA loss narrowed to $0.2 million from $4.1 million, with gross margin jumping to 56.2% from 21.3%. Still a $6.4 million net loss. With the merger vote on December 10, 2026, the stock likely trades on deal completion rather than these in-line, mixed results.
Catalysts
- • Q3 2026 Adjusted EBITDA loss narrowed to $0.2 million from $4.1 million a year ago
- • Gross margin of 56.2% vs 21.3% prior year
Risk Factors
- • Revenue still down 0.8% year over year at $23.1 million and Nevada weighs on results due to lower Las Vegas tourist traffic
- • Net loss of $6.4 million persists and total liabilities rose to $107.0 million