Planet 13 Revenue Drops 14% in Q2
Planet 13 (OTC:PLNH), a cannabis retail and production company with a focus on large destination retail stores and branded products, reported its Q2 2025 GAAP results on Aug. 13, 2025. The most notable headline from the earnings release was a drop in GAAP revenue to $26.9 million for Q2 2025, below the consensus GAAP estimate of $27.25 million for Q2 2025, and a much wider net loss of $13.3 million (GAAP) for Q2 2025. Both GAAP figures for Q2 2025 missed Wall Street’s expectations, with management citing market price compression, weaker consumer demand, and higher competition in key markets. Margin contraction and deepening losses dominated Q2 2025 (GAAP), as the company’s efforts to cut costs have yet to outpace the slide in sales during Q2 2025 (GAAP). Overall, results reflected continued pressure on profitability and raised questions about the timing and effectiveness of recent restructuring.
Source: Planet 13. Note: Analyst estimates for the quarter provided by FactSet.
Planet 13 operates large-scale cannabis stores, with its flagship “Superstore” location in Las Vegas catering mainly to tourists, as well as neighborhood dispensaries in several states. The business is vertically integrated, handling everything from cannabis cultivation to branded product manufacturing and retail sales.
Source Fool.com
