New insider activity at Planet 13 Holdings ( (TSE:PLTH) ) has taken place on August 26, 2025.
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Co-CEO Robert Groesbeck has recently sold 637,000 shares of Planet 13 Holdings stock, amounting to a total value of $178,360.
Recent Updates on TSE:PLTH stock
In the last 24 hours, Planet 13 Holdings has faced a downgrade from ATB Capital, reflecting the company’s challenging financial performance in Q2 2025. The downgrade to ‘Underperform’ was influenced by a 13.6% decline in revenue to $26.9 million and a net loss of $13.3 million, exacerbated by a competitive market and price compression. The company’s gross profit and margin also fell, despite cost-saving measures. However, Planet 13 is pursuing strategic expansions, including new dispensaries in Florida and a revamped loyalty program, and has entered an expanded license agreement with Ovation Science to distribute topical cannabis products in Florida. These efforts aim to bolster its market presence and customer engagement. The company’s management remains optimistic about long-term growth through cost reduction and strategic initiatives, although financial challenges persist.
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: -24.47%
Average Trading Volume: 738,763
Technical Sentiment Signal: Sell
Current Market Cap: $93.93M