Planet 13 Holdings Inc.
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- Planet 13 Holdings Inc. is a vertically integrated cannabis company that cultivates, produces, and retails cannabis and cannabis-infused products for medical and adult-use markets in the United States. The company manufactures and sells an extensive range of products including gummies and beverages, chocolates, vapes and concentrates, and flower under brand names such as TRENDI, Leaf and Vine, Dreamland, HaHa, and Medizin; it also operates dispensaries, consumption lounges like DAZED, non-cannabis merchandise stores, event spaces, and Trece Eatery + Spirits, a coffee shop and pizzeria. Founded prior to its flagship Las Vegas dispensary opening in 2018 and headquartered in Las Vegas, Nevada, Planet 13 conducts operations across Nevada, California, Illinois, and Florida, targeting recreational and medical consumers with premium flower, concentrates, edibles, topicals, vape cartridges, and immersive entertainment experiences. Recent developments include the divestiture of a California dispensary and closure of a cultivation facility in 2025 to streamline operations and focus on core growth markets; recovery of approximately $10.5 million in funds through a settlement with Casa Verde Capital involving cash and real property in early 2025; and an exclusive partnership launched in November 2025 with ONI to bring its renowned products to Florida dispensaries. In Florida, the company operates approximately 30 medical dispensaries following its prior acquisition of a Harvest Health subsidiary in 2021 and announced purchase of VidaCann's 26 locations; it maintains cultivation capacity in Nevada and pursues expansion in high-potential states like Illinois and Florida while optimizing costs for profitability. Full-year 2024 revenue reached $116.4 million with adjusted EBITDA of $3.5 million, reflecting 18% year-over-year growth amid strategic shifts toward operational efficiency and national brand development.
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