Planet 13 Holdings Inc. (PLNH) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Planet 13 Holdings Inc. (PLNH) trades at $0.151 with AI Score 42/100 (Grade C). Planet 13 Holdings Inc. cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States. Market cap: $49.6M, Sector: Healthcare.
Price as of Aug 21, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for PLNH: PLNH does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates PLNH against Healthcare peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
PLNH: this read rests on a single discipline (MoonshotScore) — the other council disciplines have no scored data yet.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Planet 13 Holdings Inc. (PLNH) Healthcare & Pipeline Overview
Planet 13 Holdings Inc. operates in the cannabis industry, cultivating and providing cannabis and cannabis-infused products. With a focus on retail and medical markets in the United States, Planet 13 distinguishes itself through its large-scale dispensaries and entertainment-focused cannabis experiences, setting it apart in a competitive market.
What Is the Investment Thesis for PLNH?
Planet 13 Holdings Inc. presents a unique investment opportunity within the cannabis sector, primarily driven by its focus on creating large-scale, entertainment-focused retail experiences. The company's revenue is tied to the growth of the cannabis market in Nevada and other states where it operates. With a negative profit margin of -79.1% and ROE of -83.5%, the company needs to improve profitability. The company's high debt-to-equity ratio of 107.79 also poses a risk. The company's ability to expand its brand and replicate its entertainment-focused dispensary model in new markets will be a key factor in its long-term success.
Based on FMP financials and quantitative analysis
PLNH Key Highlights
Market Cap of $49.6M reflects its position as a smaller player in the cannabis industry.
- Gross Margin of 38.5% indicates the profitability of its core cannabis product sales.
- Negative Profit Margin of -79.1% highlights challenges in achieving overall profitability.
- Debt-to-Equity Ratio of 107.79 suggests a reliance on debt financing.
- Beta of 1.77 indicates higher volatility compared to the broader market.
Who Are PLNH's Competitors?
PLNH is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| GDNSF Goodness Growth Holdings, Inc. | $0.45 | +0.00% | $61.1M | 64 |
| ETST Earth Science Tech, Inc. | $0.12 | +14.45% | $35.3M | 61 |
| GBLP Global Pharmatech, Inc. | $0.08 | +0.00% | $33.3M | 62 |
| MNNGF Baijin Life Science Holdings Limited | $0.08 | +0.00% | $74.6M | 63 |
| SHIEF Shield Therapeutics plc | $0.07 | +0.00% | $75.3M | 62 |
| GENH Generation Hemp, Inc. | $0.22 | +0.00% | $25.3M | 63 |
| CNVCF BioHarvest Sciences Inc. | $6.30 | +0.00% | $109M | 66 |
| CPHRF Cipher Pharmaceuticals Inc. | $10.28 | +0.39% | $261M | 63 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are PLNH's Key Strengths?
Unique retail experience with large-scale dispensaries.
- Strong brand recognition in key markets.
- Vertical integration provides control over the supply chain.
- Diverse product portfolio catering to various consumer preferences.
What Are PLNH's Weaknesses?
Negative profit margins and ROE indicate financial challenges.
- High debt-to-equity ratio raises concerns about financial leverage.
- Limited geographic presence compared to larger competitors.
- Reliance on the regulatory environment in specific states.
What Could Drive PLNH Stock Higher?
PLNH catalyst: Potential changes in federal cannabis legislation could significantly expand market access and reduce regulatory burdens.
- Expansion into new states and markets through licensing and acquisitions.
- Development and launch of new cannabis products and brands.
- Increased tourism and consumer spending in Las Vegas and other key markets.
- Continued growth in the overall cannabis market and increasing consumer acceptance.
What Are the Key Risks for PLNH?
Financial-distress signal — its Altman Z-Score of -2.75 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Intense competition from other cannabis retailers and manufacturers.
- Fluctuations in cannabis prices and supply chain disruptions.
- Changes in state and local regulations could negatively impact operations.
- Negative public perception or health concerns related to cannabis use.
- The company's high debt-to-equity ratio poses a financial risk.
What Are the Growth Opportunities for PLNH?
- Expansion into New Markets: Planet 13 has the opportunity to expand its entertainment-focused dispensary model into new states and markets as cannabis legalization continues to spread across the United States. The company's ability to secure licenses and establish operations in new markets will be a key driver of revenue growth. The timeline for this growth opportunity is ongoing, as new states continue to legalize cannabis.
- Product Innovation and Development: Planet 13 can drive growth by developing new and innovative cannabis products that cater to evolving consumer preferences. This includes exploring new product formats, formulations, and consumption methods. The company's ability to anticipate and respond to changing consumer trends will be critical to maintaining its competitive edge. The timeline for this growth opportunity is ongoing.
- Strategic Partnerships and Acquisitions: Planet 13 can accelerate its growth through strategic partnerships and acquisitions that expand its product portfolio, geographic reach, or operational capabilities. This includes partnering with other cannabis companies, technology providers, or consumer brands. The timeline for this growth opportunity is ongoing.
- Enhancement of Retail Experience: Planet 13 can further enhance its retail experience by incorporating new technologies, entertainment offerings, and customer service initiatives. This includes leveraging data analytics to personalize the customer experience, implementing online ordering and delivery services, and creating immersive in-store environments. The timeline for this growth opportunity is ongoing.
- Brand Building and Marketing: Planet 13 can invest in brand building and marketing initiatives to increase awareness and loyalty among consumers. This includes developing a strong brand identity, creating engaging content, and leveraging social media and digital marketing channels. The timeline for this growth opportunity is ongoing.
What Are PLNH's Competitive Advantages?
- Large-Scale Dispensaries: Planet 13's large-scale dispensaries offer a unique and immersive retail experience that differentiates it from smaller competitors.
- Brand Recognition: The company's branded cannabis products and retail locations have established a strong brand presence in the market.
- Vertical Integration: Planet 13's vertical integration allows it to control the entire cannabis value chain, from cultivation to retail sales.
What Does PLNH Do?
Planet 13 Holdings Inc. cultivates and provides cannabis and cannabis-infused products for both medical and retail cannabis markets within the United States. The company's operations encompass the entire cannabis value chain, from cultivation and manufacturing to retail sales. Planet 13 manufactures and sells cannabis products in the form of gummies and beverages, chocolates, vapes and concentrates, and flowers under the TRENDI, Leaf and Vine, Dreamland, HaHa, and Medizin brand names. Planet 13 operates large-scale cannabis dispensaries that offer a wide array of products, including its branded cannabis lines. Beyond retail, the company provides consultation, education, and convenience services to its customers. The company also owns and operates lounge and cannabis dispensaries; and non-cannabis retail merchandise store and event space, as well as Trece Eatery + Spirits, a coffee shop and pizzeria restaurant. Headquartered in Las Vegas, Nevada, Planet 13 aims to create immersive cannabis experiences for its customers, combining retail with entertainment and hospitality.
What Products and Services Does PLNH Offer?
- Cultivates cannabis plants.
- Manufactures cannabis-infused products.
- Operates cannabis dispensaries.
- Sells cannabis products in various forms (gummies, beverages, chocolates, vapes, flowers).
- Provides consultation and education services to customers.
- Operates lounges and retail merchandise stores.
- Runs a coffee shop and pizzeria restaurant (Trece Eatery + Spirits).
How Does PLNH Make Money?
- Cultivation and Manufacturing: Planet 13 cultivates cannabis and manufactures its own branded products, allowing for vertical integration and control over product quality.
- Retail Sales: The company generates revenue through the sale of cannabis products at its dispensaries.
- Ancillary Services: Planet 13 offers consultation, education, and entertainment services, which contribute to its revenue stream.
What Industry Does PLNH Operate In?
Planet 13 Holdings Inc. operates within the rapidly evolving cannabis industry, which is characterized by increasing legalization, growing consumer acceptance, and expanding market opportunities. The industry is subject to complex and varying regulations across different states and countries. Planet 13 differentiates itself through its focus on creating large-scale, entertainment-focused retail experiences. The company competes with other cannabis retailers, cultivators, and manufacturers, as well as traditional consumer goods companies that are entering the cannabis market.
Who Are PLNH's Key Customers?
- Medical cannabis patients seeking cannabis for therapeutic purposes.
- Adult-use cannabis consumers seeking cannabis for recreational purposes.
- Tourists visiting Las Vegas and other locations where Planet 13 operates.
- Cannabis enthusiasts interested in unique and immersive retail experiences.
Company Profile
Planet 13 Holdings Inc. operates in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. It is headquartered in Las Vegas, US. The company is led by CEO Robert Allen Groesbeck. PLNH has traded publicly since 2018.
How Planet 13 Holdings Inc. Is Valued
Planet 13 Holdings Inc. carries a market capitalization of $49.6M, placing it in the micro-cap category. Relative to its peer group, PLNH's quantitative score of 42/100 is below the peer average of 62/100.
Key Financial Metrics
Return on assets is -47.3%, showing how much profit it generates from its asset base. Its free cash flow yield is -33.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.77 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -168.2%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Planet 13 Holdings Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -2.75 places it in the distress zone, a signal of elevated financial risk.
Forward Outlook
Wall Street analysts project Planet 13 Holdings Inc. revenue of about $88.1M for fiscal 2026, with EPS near $-0.04. The estimate reflects 3 contributing analysts.
PLNH Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future performance, reflecting a positive outlook among executives.
- Community sentiment has shifted positively, with discussions highlighting the potential growth in the cannabis sector as regulations evolve.
- Planet 13's unique retail experience continues to attract customers, positioning it as a leader in the cannabis retail space.
- Recent partnerships and expansions have increased brand visibility, enhancing its competitive edge in a rapidly growing market.
Bear Case
- Concerns over regulatory changes in the cannabis industry have led to uncertainty, impacting investor sentiment negatively.
- Social media discussions have shown a rise in skepticism about the company's ability to maintain its market position amid increasing competition.
- Recent earnings reports indicate challenges in meeting growth expectations, causing some investors to reassess their positions.
- Overall market volatility and economic factors have led to cautious sentiment, affecting the stock's perceived stability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
PLNH Latest News
No recent news available for PLNH.
PLNH Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for PLNH.
Price Targets
Wall Street price target analysis for PLNH.
PLNH MoonshotScore
What does this score mean?
The MoonshotScore rates PLNH 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
PLNH OTC Market Information
Planet 13 Holdings Inc. trades on the OTCQX tier of the OTC market. OTCQX represents the highest tier of the OTC market, reserved for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with U.S. securities laws. This tier offers greater visibility and accessibility for investors compared to lower OTC tiers but still differs significantly from listing on major exchanges like NYSE or NASDAQ, which have even stricter requirements.
- OTC Tier: OTC Other
- Limited Liquidity: OTC stocks generally have lower trading volumes, making it harder to buy or sell shares quickly without affecting the price.
- Less Stringent Regulations: OTC markets have less strict listing requirements than major exchanges, potentially increasing the risk of fraud or mismanagement.
- Information Availability: While OTCQX requires current disclosures, the depth and breadth of information available may be less than for exchange-listed companies.
- Price Volatility: OTC stocks can be more volatile due to lower trading volumes and less institutional investor participation.
- Delisting Risk: There is a risk that the company may fail to meet the ongoing requirements for OTCQX and be delisted to a lower tier or the Pink market.
- Verify the company's financial statements and audit reports.
- Review the company's filings on the OTC Markets website.
- Research the company's management team and their track record.
- Assess the company's competitive position and market opportunities.
- Understand the regulatory environment in which the company operates.
- Monitor the company's news and press releases for any material developments.
- Consult with a financial advisor to assess the suitability of the investment.
- OTCQX Listing: The company's listing on the OTCQX tier indicates that it has met certain financial and corporate governance standards.
- Current Disclosure Status: The company's 'Current' disclosure status suggests that it is providing timely financial information to investors.
- Audited Financial Statements: The availability of audited financial statements provides some assurance about the accuracy and reliability of the company's financial reporting.
- Established Operations: Planet 13's established operations and brand presence in the cannabis market provide some evidence of its legitimacy.
- Positive Customer Reviews: Positive customer reviews and feedback can indicate that the company is providing quality products and services.
PLNH Healthcare Stock FAQ
What does the AI Score mean for PLNH?
PLNH holds an AI Score of 42/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Planet 13 Holdings Inc. cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States. The company operates dispensaries, lounges, …
What does Planet 13 Holdings Inc. do?
Planet 13 Holdings Inc. cultivates, manufactures, and retails cannabis and cannabis-infused products. The company operates large-scale dispensaries that offer a wide range of cannabis products, including flowers, concentrates, edibles, and vapes, under brands like TRENDI, Leaf and Vine, Dreamland, HaHa, and Medizin.
What do analysts say about PLNH stock?
Analyst coverage of Planet 13 Holdings Inc. is limited, reflecting its smaller market capitalization and OTC listing. Key valuation metrics to consider include revenue growth, gross margin, and cash flow. Growth considerations center on the company's ability to expand into new markets, develop innovative products, and manage its operating expenses. Investors should conduct their own due diligence and consider their risk tolerance before investing.
What are the main risks for PLNH?
Planet 13 Holdings Inc. faces several risks, including intense competition from other cannabis retailers and manufacturers, fluctuations in cannabis prices and supply chain disruptions, and changes in state and local regulations. The company's high debt-to-equity ratio also poses a financial risk. Additionally, negative public perception or health concerns related to cannabis use could negatively impact demand for its products. Investors should carefully consider these risks before investing.
How does Planet 13 Holdings Inc. navigate regulatory approval processes?
Planet 13 Holdings Inc. operates in a highly regulated industry and must navigate complex regulatory approval processes at the state and local levels. The company works closely with regulators to ensure compliance with all applicable laws and regulations, including those related to cultivation, manufacturing, distribution, and retail sales.
What revenue streams does Planet 13 Holdings Inc. have in healthcare?
Planet 13 Holdings Inc.'s primary revenue stream in the healthcare sector comes from the sale of cannabis products for medical use. The company offers a variety of cannabis products that are specifically formulated for medical patients, including those with chronic pain, anxiety, and other conditions.
What are the key factors to evaluate for PLNH?
Planet 13 Holdings Inc. (PLNH) holds an AI score of 42/100 (low). presents a unique investment opportunity within the cannabis sector, primarily driven by its focus on creating large-scale, entertainment-focused retail experiences. Not financial advice.
How frequently does PLNH data refresh on this page?
PLNH's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven PLNH's recent stock price performance?
Planet 13 Holdings Inc. (PLNH) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Unique retail experience with large-scale dispensaries. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- The cannabis industry is subject to rapid changes in regulation and market conditions.