Planet 13 Holdings Inc.
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- Planet 13 Holdings Inc. Planet 13 Holdings Inc. (PLNH) is a vertically integrated cannabis company that cultivates, produces, and retails cannabis and cannabis-infused products for medical and adult-use markets primarily in the United States. The company offers a diverse portfolio of products including gummies and beverages, chocolates, vapes and concentrates, and flower under brand names such as TRENDI, Leaf and Vine, Dreamland, HaHa, Medizin, and PURC; it also operates dispensaries, lounges like DAZED consumption lounge, non-cannabis retail merchandise and event spaces, and Trece Eatery + Spirits, a coffee shop and pizzeria, while providing consultation, education, and convenience services. Founded prior to its 2018 launch of the world's largest cannabis dispensary in Las Vegas and headquartered in Las Vegas, Nevada, Planet 13 Holdings Inc. conducts operations across Nevada, California, Florida, and Illinois, with cultivation, production, distribution, and retail licenses in these states. In recent developments, the company completed the acquisition of VidaCann in 2024, adding 26 medical cannabis dispensaries in Florida and expanding its retail footprint to approximately 4.1% of the state's medical market; it also launched an exclusive partnership with ONI in November 2025 to introduce all-in-one solventless hash rosin vapes and cold cure products across its Florida locations starting November 21, 2025. Earlier expansions included the 2021 purchase of a Harvest Health subsidiary for $55 million to enter Florida and the 2022 acquisition of Next Green Wave to bolster California operations, alongside a public offering of units in March 2024 for capital raising. These moves reflect strategic growth in multi-state operations amid evolving regulations, with Q1 2025 revenue reaching $28 million, up year-over-year, driven by the Vitakan acquisition and celebrity partnerships.
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Planet 13 Substantially Completes Exit from California, Fully Streamlining Operations to Core Growth Markets