New insider activity at Planet 13 Holdings ( (TSE:PLTH) ) has taken place on August 25, 2025.
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Co-CEO Robert Groesbeck recently sold 641,000 shares of Planet 13 Holdings stock, amounting to a total transaction value of $176,090.
Recent Updates on TSE:PLTH stock
In the past 24 hours, Planet 13 Holdings experienced a downgrade from ATB Capital to ‘Underperform’ due to its challenging Q2 2025 financial results, which included a 13.6% revenue decrease to $26.9 million and a net loss of $13.3 million. The company faced increased competition and price compression in key markets, leading to a significant decline in gross profit and a negative adjusted EBITDA. Despite these challenges, Planet 13 continued its strategic expansion by opening new dispensaries in Florida and launching a revamped loyalty program. Additionally, an expanded license agreement with Ovation Science aims to introduce new cannabis products to the Florida market. The company’s management remains optimistic about long-term growth through cost reduction and strategic initiatives, although valuation concerns persist due to ongoing financial struggles.
Spark’s Take on TSE:PLTH Stock
According to Spark, TipRanks’ AI Analyst, TSE:PLTH is a Neutral.
Planet 13 Holdings faces significant financial challenges, with declining revenues and profitability being the most impactful factors. Technical analysis shows some neutral to slightly positive signals, but valuation concerns persist due to ongoing losses. The earnings call highlighted both strengths and weaknesses, resulting in a mixed outlook.
To see Spark’s full report on TSE:PLTH stock, click here.
More about Planet 13 Holdings
YTD Price Performance: -23.68%
Average Trading Volume: 739,889
Technical Sentiment Signal: Sell
Current Market Cap: $95.19M