Sales growth in the middle of the market …

Appearance date: May 14, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Planet 13 Holdings Inc (PLNH) recorded a turnover of $ 28 million of USD August 200 in the first quarter of 2025 in the first quarter of 2024, which is due to the takeover of Vitakan.

• The company sees an improved product quality from its improved cultivation options in Florida, which is expected to expect gross margins.

• Planet 13 Holdings Inc (PLNH) focuses on operational efficiency and the generation of free cash flow, especially in its core markets of Florida and Nevada.

• The company uses a comprehensive cost -saving program that aims to increase long -term operational efficiency and maintain cash.

• Planet 13 Holdings Inc (PLNH) uses celebrity and entertainment brand partnerships to distinguish yourself and to attract new customers.

• In the first quarter of 2024, the company recorded a sequential decline in sales of $ 30.3 million in the first quarter of 2025, which is due to seasonality and price pressure.

• In the first quarter of 2025, the gross margin decreased from 43.2% to 42.8% in the fourth quarter of 2024.

• The market in Nevada was faced with challenges with a decline in tourism and an increased competition.

• Planet 13 Holdings Inc (PLNH) faces constant challenges of the illegal market and intoxicating hemp products, especially in California and Nevada.

• The company reported an adjusted EBITDA loss of $ 2.5 million in the first quarter of 2025, which emphasizes the need for a cost orientation with the sales level.

Q: Do you expect you to turn the positive cash flow from the business to the year, and what are the drivers for it? A: Dennis, CFO: We assume that the cash flow is positively surgical, without 280 tax payments. We reduce the costs on the entire board, including the retail and growing level, and rationalizes our cost structure. April showed promising results and we want to be positive from the business according to Q2 or Q3. We minimize planned investments, whereby the Florida Store Network is fully installed.

Q: Why did you decide not to get ahead with the position of Nevada? A: Dennis, CFO: We did not meet the contractual conditions in the employment contract and decided not to have negotiated again. The Nevada market was a challenge with a sequential visitor decline. We believe that it is the right decision to save cash for operations in Florida and to focus on existing business in Nevada.