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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Planet 13
Planet 13 (PLTH) investor relations material
Planet 13 Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary12 Aug, 2026
Executive summary
Q2 2026 revenue was $22.9M, down 14.9% year-over-year, mainly due to the California exit and price compression in all markets.
Gross profit margin improved to 53.9% from 43.4% year-over-year, aided by cost reductions, operational efficiencies, and a one-time $1M inventory reserve adjustment.
Net loss for Q2 2026 was $5.6M ($0.02 per share), a significant improvement from $13.3M ($0.04 per share) in Q2 2025.
Adjusted EBITDA loss narrowed to $0.5M from $2.4M, reflecting cost-cutting and margin improvements.
The company entered into a definitive merger agreement with Vireo Growth Inc. in July 2026, offering a 16.6% premium over the 20-day VWAP.
Financial highlights
Q2 2026 net revenue: $22.9M (down 14.9% YoY); six months: $44.0M (down 19.9% YoY).
Gross profit for six months: $21.7M (down 8.1% YoY); gross margin rose to 53.9%.
Total expenses for six months: $30.3M (down 18.3% YoY); Q2: $15.2M (down 17.7% YoY).
Net loss for six months: $13.7M, improved from $15.3M in prior year.
Cash and restricted cash at period end: $16.5M (up from $15.6M at year-end 2025).
Outlook and guidance
Management expects continued margin improvement as Florida scales and new products are introduced.
Focus remains on cost control, customer experience, and leveraging resources in Illinois and Florida.
The merger with Vireo is expected to provide strategic benefits and enhanced scale.
Management expects continued benefits from cost actions and the California exit.
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Latest events from Planet 13
- Directors elected, equity plan amended, auditor ratified; all proposals passed by majority vote.PLTH
AGM 2026 - Revenue fell 24.8% to $21.1M, net loss widened to $8.1M, with margin gains expected from regulatory shifts.PLTHQ1 2026
- 34-store cannabis retailer with national expansion, strong brands, and $116M FY 2024 revenue.PLTHCorporate presentation
- Q4 revenue stabilized at $25.2M, margin recovery and strategic shifts set up 2026 for improvement.PLTHQ4 2025
- Q3 revenue dropped 27.6% and net loss widened, prompting a strategic California exit.PLTHQ3 2025
- Q2 2025 revenue dropped 13.6% to $26.9M, margin at 43.4%, net loss widened to $13.3M.PLTHQ2 2025
- Q3 revenue up 29.7% to $32.2M, gross margin 51.9%, net loss narrows to $7.4M.PLTHQ3 2024
- Q2 2024 revenue rose 20% to $31.1M, gross margin hit 50.9%, but net loss widened to $8.1M.PLTHQ2 2024
- Q1 2025 revenue up 22.5% to $28M, net loss narrows, Florida expansion drives growth.PLTHQ1 2025
Next Planet 13 earnings date
Q3 202619 Nov, 2026
Planet 13
Next Planet 13 earnings date
Q3 202619 Nov, 2026
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Frequently asked questions
Planet 13 Holdings Inc., an integrated cannabis company, cultivates, produces, distributes, and markets cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. The company offers flower, pre-rolls, and cannabis oils. It also provides various infused products comprising concentrates for vaporization; capsules; honey oil; shatter; wax; hash; edibles, such as gummies, chocolates, candy bars, and cotton candy; drinks; topicals comprising lotions and balms that are used to alleviate soreness and treat conditions such as arthritis and inflammation; and other merchandise merchandise related to marijuana industry.