Planet 13 Revenue Rises 205.2% To $32.8M In Q2, Reveals Positive Adjusted EBITDA Of $7.2M

Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) announced its financial results Thursday for the second quarter of 2021, reporting revenues of $32.8 million, up by 205.2% from $10.8 million in the same period of 2020.

Financial Highlights

  • Gross profit before biological adjustments was $18.7 million or 56.9% as compared to $4.7 million or 43.8% in Q2 2020;
  • Net loss before of $0.9 million as compared to a net loss of $3.3 million in the corresponding quarter of 2020;
  • Net loss of $4.4 million as compared to a net loss of $4.0 million in the prior-year period;
  • Adjusted EBITDA of $7.2 million as compared to Adjusted EBITDA loss of $0.6 million in the second …

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More Planet 13 Revenue Rises 205.2% To $32.8M In Q2, Reveals Positive Adjusted EBITDA Of $7.2M