Planet 13 Holdings Inc. (PLNHF) 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. (PLNHF) trades at $0.909. Planet 13 Holdings Inc. is an integrated cannabis company based in Nevada, focusing on cultivation, production, distribution, and retail. Market cap: $202M, Sector: Healthcare.
Price as of Aug 21, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for PLNHF: PLNHF 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 PLNHF against Healthcare peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on PLNHF.
How is this calculated? →Planet 13 Holdings Inc. (PLNHF) Healthcare & Pipeline Overview
Planet 13 Holdings Inc. cultivates, produces, and retails cannabis products in Nevada, operating large-scale dispensaries and manufacturing branded products. Facing a competitive landscape and regulatory hurdles, Planet 13 aims to expand its market presence through unique retail experiences and diverse product offerings in the specialty cannabis market.
What Is the Investment Thesis for PLNHF?
Planet 13 Holdings Inc. presents a unique investment opportunity within the cannabis sector, driven by its integrated business model and flagship SuperStore location. The company's ability to cultivate, produce, and retail its own branded products offers potential for higher margins and greater control over product quality. However, the company's negative P/E ratio of -0.61 and a negative profit margin of -78.6% indicate significant challenges in achieving profitability. Key catalysts include potential regulatory changes in Nevada and expansion into new markets. Investors should carefully consider the company's high beta of 3.03, indicating high volatility, and the competitive landscape before making investment decisions. The success of Planet 13 hinges on its ability to scale operations, manage costs, and navigate the evolving regulatory environment.
Based on FMP financials and quantitative analysis
PLNHF Key Highlights
Market Cap of $202M reflects the company's current valuation in the competitive cannabis market.
- Negative P/E ratio of -0.61 indicates the company is currently not profitable.
- Profit Margin of -78.6% highlights the challenges in achieving profitability despite revenue generation.
- Gross Margin of 38.5% demonstrates the potential for profitability with improved cost management.
- Beta of 3.03 indicates high volatility compared to the overall market, reflecting the speculative nature of the cannabis industry.
Who Are PLNHF's Competitors?
PLNHF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ADOCY Adocia S.A. | $11.80 | +0.00% | $170M | 56 |
| AMGXF AnGes, Inc. | $0.36 | +0.00% | $143M | 59 |
| BRNHF Broncus Holding Corporation | $0.08 | +0.00% | $42.1M | 50 |
| CNVCF BioHarvest Sciences Inc. | $6.30 | +0.00% | $109M | 66 |
| COPHF Creso Pharma Limited | $0.12 | +0.00% | $132M | 56 |
| CPHRF Cipher Pharmaceuticals Inc. | $10.28 | +0.39% | $261M | 63 |
| EMBC Embecta Corp. | $5.47 | +0.92% | $325M | 74 |
| VREOF Vireo Growth Inc. | $10.84 | -1.20% | $415M | 62 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are PLNHF's Key Strengths?
Unique SuperStore retail concept.
- Vertically integrated operations.
- Strong brand portfolio.
- Prime location near the Las Vegas Strip.
What Are PLNHF's Weaknesses?
Negative profitability.
- High operating expenses.
- Limited geographic presence.
- High beta indicating volatility.
What Could Drive PLNHF Stock Higher?
Potential regulatory changes in Nevada regarding cannabis consumption lounges could increase revenue streams.
- Expansion of the company's branded product line into new dispensaries and markets.
- Increased tourism to Las Vegas driving traffic to the Planet 13 SuperStore.
- Potential federal cannabis legalization in the United States could significantly expand the market.
- Development and launch of new cannabis-infused products.
What Are the Key Risks for PLNHF?
Financial-distress signal — its Altman Z-Score of 0.68 sits in the distress zone (elevated bankruptcy risk).
- Intense competition from other cannabis retailers and brands.
- Evolving regulatory environment and potential changes in cannabis laws.
- Fluctuations in cannabis prices affecting profitability.
- Economic downturns affecting tourism and consumer spending.
- High operating expenses and challenges in achieving profitability.
What Are the Growth Opportunities for PLNHF?
- Expansion into New Markets: Planet 13 has the opportunity to expand its retail footprint beyond Nevada into other states with favorable cannabis regulations. The U.S. cannabis market is projected to reach $47.6 billion by 2027, according to BDSA. Entering new markets would allow Planet 13 to increase its revenue base and brand recognition. This expansion could occur through acquisitions, partnerships, or organic growth, with a timeline of 2-3 years for initial market entry.
- Increased Production Capacity: Expanding cultivation and production facilities to meet growing demand for its branded products is a key growth opportunity. The company can increase its output of chocolates, gummies, vapes, and flowers to supply its own dispensaries and wholesale channels. Investing in advanced cultivation technologies and automation could improve efficiency and reduce costs. This expansion could be implemented within the next 1-2 years.
- Development of New Products: Introducing new and innovative cannabis-infused products can attract new customers and increase sales. Planet 13 can develop new formulations, flavors, and delivery methods to cater to evolving consumer preferences. This includes exploring new product categories such as beverages, edibles, and topicals. The timeline for new product development and launch is typically 6-12 months.
- Enhancement of Retail Experience: Further enhancing the retail experience at its SuperStore location can attract more visitors and increase sales. This includes adding new attractions, entertainment options, and interactive displays. The company can also leverage technology to personalize the customer experience and improve operational efficiency. These enhancements can be implemented on an ongoing basis.
- Strategic Partnerships and Acquisitions: Forming strategic partnerships with other cannabis companies or acquiring complementary businesses can accelerate growth and expand market reach. This includes partnering with brands, technology providers, or distribution companies. Acquisitions can provide access to new markets, products, or technologies. The timeline for partnerships and acquisitions varies depending on the specific opportunities.
What Are PLNHF's Competitive Advantages?
- Large-scale retail operations: The Planet 13 SuperStore offers a unique and immersive shopping experience.
- Branded products: The company's own brands provide differentiation and higher margins.
- Vertical integration: Controlling the entire value chain provides cost advantages and quality control.
- Location: The SuperStore's proximity to the Las Vegas Strip provides high visibility and foot traffic.
What Does PLNHF Do?
Planet 13 Holdings Inc. was founded with the vision of creating a unique and immersive cannabis retail experience. The company operates an integrated business model, encompassing cultivation, production, distribution, and retail sales of cannabis and cannabis-infused products. Its flagship location, the Planet 13 SuperStore, is located near the Las Vegas Strip and offers a vast selection of cannabis products, non-cannabis retail merchandise, and entertainment. The company also owns and operates Trece Eatery + Spirits, a coffee shop, and a pizzeria within its entertainment complex. Planet 13 manufactures its own branded products, including chocolates, gummies, sparkling beverages, vapes, concentrates, and flowers, under the TRENDI, Leaf & Vine, Dreamland, HaHa, and Medizin brands. These products are sold through its own dispensaries and wholesale channels. The company aims to differentiate itself through its large-scale retail operations and diverse product portfolio, targeting both medical and recreational cannabis users. Planet 13 continues to expand its footprint and brand recognition in the competitive cannabis market.
What Products and Services Does PLNHF Offer?
- Cultivates cannabis plants in Nevada.
- Produces cannabis-infused products, including chocolates, gummies, and vapes.
- Operates licensed cannabis dispensaries in Nevada.
- Manufactures branded products under the TRENDI, Leaf & Vine, Dreamland, HaHa, and Medizin brands.
- Operates a large-scale retail SuperStore near the Las Vegas Strip.
- Provides consultation, education, and convenience services to customers.
- Operates Trece Eatery + Spirits, a coffee shop and pizzeria.
How Does PLNHF Make Money?
- Vertically integrated: controls cultivation, production, distribution, and retail.
- Branded products: manufactures and sells its own cannabis-infused products.
- Retail focus: operates large-scale dispensaries and entertainment venues.
- Wholesale distribution: sells its products to other dispensaries.
What Industry Does PLNHF Operate In?
Planet 13 Holdings Inc. operates in the rapidly evolving cannabis industry, which is characterized by increasing legalization and growing consumer demand. The market is highly competitive, with numerous players vying for market share. Key trends include the increasing acceptance of cannabis for medical and recreational use, the growth of cannabis-infused products, and the expansion of retail dispensaries. Planet 13 differentiates itself through its large-scale retail operations and entertainment-focused approach. Competitors include both large multi-state operators and smaller regional players. The industry faces regulatory hurdles and evolving consumer preferences.
Who Are PLNHF's Key Customers?
- Medical cannabis patients in Nevada.
- Recreational cannabis users in Nevada.
- Tourists visiting Las Vegas.
- Wholesale customers (other dispensaries).
Insider Activity
The most recent 12 insider filings for Planet 13 Holdings Inc. break down as 9 sales and 3 purchases. On net that is roughly 347K shares disposed (about $320K), a signal worth weighing alongside the fundamentals.
Financial Health
Planet 13 Holdings Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.68 places it in the distress zone, a signal of elevated financial risk.
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.
Planet 13 Holdings Inc. (PLNHF) Valuation Context
Valued at $202M, PLNHF is classified as a micro-cap stock.
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. PLNHF has traded publicly since 2018.
PLNHF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Unique SuperStore retail concept.
- Vertically integrated operations.
- Strong brand portfolio.
- Prime location near the Las Vegas Strip.
Bear Case
- Negative profitability.
- High operating expenses.
- Limited geographic presence.
- High beta indicating volatility.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
PLNHF Latest News
No recent news available for PLNHF.
PLNHF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for PLNHF.
Price Targets
Wall Street price target analysis for PLNHF.
PLNHF MoonshotScore
What does this score mean?
The MoonshotScore rates PLNHF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Robert Allen Groesbeck
CEO
Robert Allen Groesbeck serves as the CEO of Planet 13 Holdings Inc. His background includes experience in law and business management. He has been instrumental in developing and executing Planet 13's strategic vision, focusing on creating a unique retail experience and expanding the company's brand portfolio. Groesbeck's leadership is focused on driving growth and innovation within the cannabis industry.
Track Record: Under Robert Allen Groesbeck's leadership, Planet 13 has established its flagship SuperStore as a premier cannabis retail destination. He has overseen the development and launch of several successful branded products and has guided the company through periods of rapid growth and expansion. His strategic decisions have been focused on differentiating Planet 13 from its competitors and building a strong brand reputation.
PLNHF OTC Market Information
OTC Other, the lowest tier of the OTC market, signifies that Planet 13 Holdings Inc. may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, be undergoing financial distress, or have regulatory issues. Unlike NYSE or NASDAQ listings, which demand strict compliance with financial reporting and corporate governance standards, OTC Other companies face fewer requirements, resulting in increased risk for investors.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in PLNHF.
- The OTC Other tier designation indicates potential financial or regulatory issues.
- Lower liquidity can lead to increased price volatility and difficulty in trading shares.
- The lack of stringent listing requirements increases the risk of fraud or mismanagement.
- OTC stocks are generally more susceptible to market manipulation.
- Verify the availability and reliability of financial statements.
- Research the company's management team and their track record.
- Assess the company's business model and competitive position.
- Review any regulatory filings or legal proceedings.
- Monitor trading volume and price volatility.
- Consult with a financial advisor.
- Understand the risks associated with investing in OTC stocks.
- Operation of a large-scale retail SuperStore in Las Vegas.
- Manufacturing and distribution of branded cannabis products.
- Presence in the cannabis industry since its inception.
- Publicly traded status, even on the OTC market.
- Management team with experience in the cannabis industry.
Common Questions About PLNHF (Healthcare)
What does Planet 13 Holdings Inc. do?
Planet 13 Holdings Inc. operates as an integrated cannabis company, engaging in the cultivation, production, distribution, and retail sale of cannabis and cannabis-infused products. The company's flagship location, the Planet 13 SuperStore, offers a unique retail experience with a wide selection of cannabis products, non-cannabis merchandise, and entertainment.
What do analysts say about PLNHF stock?
Analyst coverage of PLNHF stock is limited due to its OTC listing and smaller market capitalization. Current analyst sentiment is mixed, reflecting the challenges and opportunities within the cannabis industry. Key valuation metrics, such as revenue growth and gross margin, are closely monitored.
What are the main risks for PLNHF?
The main risks for Planet 13 Holdings Inc. include intense competition from other cannabis retailers and brands, the evolving regulatory environment and potential changes in cannabis laws, fluctuations in cannabis prices affecting profitability, economic downturns affecting tourism and consumer spending, and high operating expenses and challenges in achieving profitability.
How does Planet 13 Holdings Inc. navigate the complex regulatory landscape of the cannabis industry?
Planet 13 navigates the complex regulatory landscape by maintaining a dedicated compliance team that stays abreast of evolving cannabis regulations at the state and local levels. The company invests in robust tracking and tracing systems to ensure compliance with inventory management and reporting requirements.
What are the key growth opportunities for PLNHF in the healthcare sector?
While Planet 13 primarily focuses on the recreational cannabis market, there are growth opportunities within the healthcare sector. The company can expand its product offerings to include cannabis-based products specifically formulated for medical patients, such as tinctures, capsules, and topicals with targeted therapeutic benefits.
What are the key factors to evaluate for PLNHF?
Evaluate PLNHF on fundamentals, analyst consensus, and risk factors. Planet 13 Holdings Inc. presents a unique investment opportunity within the cannabis sector, driven by its integrated business model and flagship SuperStore location. Not financial advice.
How frequently does PLNHF data refresh on this page?
PLNHF'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 PLNHF's recent stock price performance?
Planet 13 Holdings Inc. (PLNHF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Unique SuperStore retail concept. 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.
- Information is based on available data and may be subject to change.
- OTC market data may be less reliable than exchange-listed data.