Planet 13 Reports 20.3% Revenue Growth In Q2 2024, Expands Florida Operations
Planet 13 Holdings Inc. (CSE:PLTH) (OTCQX:PLNH) reported $31.1 million in net revenue during the quarter, representing a 20.3% year-over-year increase from $25.8 million, but net loss raised to $8.1 million, a nearly 75% YoY.
“Q2 was an exciting period for Planet 13, marked by strong financial performance and execution of our growth initiatives,” said Larry Scheffler, co-CEO. “We closed the transformational acquisition in Florida and opened our completely unique DAZED! Consumption Lounge. In addition to consolidating results in Florida, we generated strong sequential organic revenue growth, better margins, and increased cash flow across our operations”
Q2 2024 Financial Highlights
Gross profit: $15.8 million, compared to $11.9 million in the same quarter …