Planet 13 Slashes Costs 66%: Revenue Grows, Losses Shrink — Is This The Turning Point?
Planet 13 Holdings Inc. (OTC:PLNH) reported Friday afternoon a strong revenue increase of 29.7% year-over-year for Q3 2024, reaching $32.2 million. The growth was fueled by the expansion into the Florida market and solid performance at its Illinois store.
Despite the revenue boost, the company posted a net loss of $7.4 million; still a significant improvement from the $46.3 million net loss in Q3 2023.
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Improved Margins
The …