Planet 13 Praises ‘Solid’ Q1 Despite ‘Sharp’ COVID-19 Related Drop-Off In Traffic

Planet 13 Holdings (CSE: PLTH) (OTC: PLNHF) reported its first-quarter 2020 financial results.

Revenue was reported to be $16.8 million, an increase of 21.4% compared with the same quarter from 2019. Gross profit, before adjustments, reached $9 million.

The Nevada-based company reported a net loss of $1.4 million, maintaining even when compared with the same quarter of the previous financial period. Net income was disclosed to be of $300 and adjusted EBITDA was reported positive of $2.5 …

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