Planet 13 Announces CFO Resignation and Interim Appointment

Planet 13 Holdings ( (TSE:PLTH) ) just unveiled an update.

Planet 13 Holdings announced the resignation of its Chief Financial Officer, Dennis Logan, effective May 31, 2025, as he leaves to pursue other opportunities. Steve McLean, the current Vice President of Finance, will step in as the Interim CFO. This leadership change comes as the company continues its expansion efforts, including the opening of new locations and enhancing its market presence in the cannabis industry.

The most recent analyst rating on (TSE:PLTH) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Planet 13 Holdings stock, see the TSE:PLTH Stock Forecast page.

Spark’s Take on TSE:PLTH Stock

According to Spark, TipRanks’ AI Analyst, TSE:PLTH is a Neutral.

Planet 13 Holdings has a moderate stock score, reflecting significant financial challenges with ongoing net losses and cash flow issues. The technical analysis shows potential stabilization, yet high volatility persists. Valuation metrics are unfavorable due to the negative P/E ratio. Despite these challenges, strategic initiatives and leadership alignment through RSUs could contribute positively to future performance.

To see Spark’s full report on TSE:PLTH stock, click here.

More about Planet 13 Holdings

Planet 13 is a vertically integrated cannabis company with award-winning cultivation, production, and dispensary operations in California, Nevada, Illinois, and Florida. Known for having the nation’s largest dispensary in Las Vegas, the company is expanding its footprint with new ventures such as its first consumption lounge in Las Vegas and a dispensary in Waukegan, Illinois. Planet 13 aims to build a global brand recognized for world-class dispensary operations and innovative cannabis products.

Average Trading Volume: 79,289

Technical Sentiment Signal: Sell

Current Market Cap: C$113.9M

See more data about PLTH stock on TipRanks’ Stock Analysis page.