Planet 13 Holdings Inc · CSE:PLTH
Planet 13 — Planet 13 Hldgs Inc Nev — Q2 2025 Earnings Presentation
19 slides from Planet 13's earnings presentation, May 15, 2025
Slide 1: Corporate Presentation
Corporate Presentation May 30, 2025 CSE: PLTH OTCQX: PLNH www.planet13.com
Slide 2: Disclaimer
Disclaimer This presentation (this “Presentation”) of Planet 13 Holdings Inc. (“Planet 13”or the “Company”) is for informational purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securitie
Slide 3: Disclaimer
Disclaimer US Disclaimer This Presentation is not an offer of securities for sale in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Cur
Slide 4: Planet 13
Planet 13 A Global, Immersive Lifestyle, Experience and Licensed Brand Company Complemented by Owned Retail and Cannabis Destinations Neighborhood Stores SuperStores Wholesale Lifestyle 3
Slide 5: Planet 13 at a Glance
Planet 13 at a Glance A National Cannabis Retailer A Multi-Year Growth Story 34 Open Retail Stores 4 States Planet 13 Annual Revenue 5 Cultivation Facilities 4 Production Facilities $116.4M As of March 26, 2025 $63.6M A Global, Immersive A Top Lifestyle, Experience and Brand Licensed Brand Portfolio
Slide 6: ~$116M FY 2024 Revenue
~$116M FY 2024 Our Multi-Year Growth Plan Revenue
Slide 7: Our Multi-Year Growth Plan
Our Multi-Year Growth Plan Grow Grow Leverage Retail Wholesale Lifestyle 6
Slide 8: Retail Growth Plan
Retail Growth Plan 1 2 3 The Florida Growing the Expanding the Opportunity Neighborhood Planet Experience 7
Slide 9: Florida – Opportunity Meets Execution
Florida –Opportunity Meets Execution 75% 2-yr CAGR Flower Growth2 169 89 55 2022 2023 2024 2) Per OMMU, flower volume ‘000s OZ 8
Slide 10: Neighborhood Stores
Neighborhood Stores 4 33 States1 Neighborhood Stores1 1) As of March 26, 2025 Illinois Florida Nevada California
Slide 11: Growing the Neighborhood
Growing the Neighborhood Start of 2024 Neighborhood Stores 3 Neighborhood stores 100 Q2 2024 90 Acquired VidaCann’s 26 stores 80 70 Q3 2024 60 Opened 2 new stores 50 Q4 2024 40 30 Open an additional 3 new stores 20 FY 2025 10 0 2 – 6 additional stores YE 2023 YE 2024 YE 2025 YE 2026 YE 2027 10
Slide 12: SuperStore – A One-of-a-Kind Cannabis Experience
SuperStore – A One-of-a-Kind Cannabis Experience The Ultimate National Brand Building Platform $54 million 2024 Sales 02. Meet The Team Over one million Suitable yearly visitors for all categories Unique consumption lounge concept 03. Gallery Suitable for all categories Multiple entertainment and ac
Slide 13: Wholesale Growth Plan
Wholesale Growth Plan Today Tomorrow 13
Slide 14: Top Brand Portfolio
Top Brand Portfolio Top Two Edibles Portfolio Top Vape, Concentrate, & Pre-roll Portfolio 1) Based on BDSA, Nevada FY 2023 14
Slide 15: National Wholesale
National Wholesale 1 1 3 Replicate Success of Brand Launch CBD Wellness Portfolio in Nevada and California Across the US Leverage Leading Retail and Enter Into License 2 4 Wholesale Position in Agreements to Enter New Nevada to Gain a Share Markets Position On MSO Shelves 15
Slide 16: Planet 13 Lifestyle Brand
Planet 13 Lifestyle Brand eCommerce Planet 13 App 16
Slide 17: Planet 13 Q1 2025 Financials
Planet 13 Q1 2025 Financials Revenue • Revenue decline driven by difficult macro operating environment in Nevada where tourist traffic declined dramatically in Q1 2025 Gross Margin • Gross margin decline driven by price compression in Nevada Operating Expense • Operating expense increase driven by 3
Slide 18: Historical Financials
Historical Financials Revenue Gross Margin 57.4% 55.2% 49.8% 45.9% 48.2% 45.5% $119.5M $116.4M $104.6M $98.5M 2019 2020 2021 2022 2023 2024 $70.5M $63.6M Adj. EBITDA Margin 15.6% 17.2% 14.1% 2019 2020 2021 2022 2023 2024 3.0% 1.5% 2019 2020 2021 2022 2023 2024 18
Slide 19: Capital Structure & Balance Sheet
Capital Structure & Balance Sheet Statement of Financial Position (As of Mar 31, 2025) (USD$000) Cash $15,557 Total Debt $10,038 Fully Diluted Capitalization (As of May 30, 2025) Basic S/O 325,263,800 Fully Diluted S/O 359,148,727 Insider Ownership ~30% 19
Planet 13 Hldgs Inc Nev — Q2 2025 Earnings Presentation on 6ix