Planet 13 Announces Q4 2023 Financial Results
Planet 13 Announces Q4 2023 Financial Results
"We recently took decisive actions to fortify our balance sheet and set the Company up for growth through our acquisition of VidaCann. With the potential for adult-use in Florida, we are now well positioned to capture the full benefit of this tremendous opportunity," commented Bob Groesbeck, Co-CEO of Planet 13.- Q4 2023 Revenue of $23.0 million
- Q4 2023 Net loss of $14.3 million, which included a non-cash impairment loss of $7.2 million
- Q4 2023 Adjusted EBITDA of $1.3 million
- 2023 年第四季度收入为 2300 万美元
- 2023年第四季度净亏损为1,430万美元，其中包括720万美元的非现金减值亏损
- 2023 年第四季度调整后的息税折旧摊销前利润为 130 万美元
All results are reported in United States dollars ($) unless otherwise indicated.
除非另有说明，所有结果均以美元 ($) 报告。
LAS VEGAS, NV / ACCESSWIRE / March 13, 2024 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNH) ("Planet 13" or the "Company"), a leading vertically-integrated cannabis company, today announced its financial results for the three-month and twelve-month periods ended December 31, 2023. Planet 13's financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles ("GAAP").
内华达州拉斯维加斯/ACCESSWIRE/2024年3月13日/领先的垂直整合大麻公司Planet 13 Holdings Inc.（CSE: PLTH）（OTCQX: PLNH）（“Planet 13” 或 “公司”）今天公布了截至2023年12月31日的三个月零十二个月期间的财务业绩。Planet 13的财务报表是根据美国公认会计原则（“GAAP”）编制的。
"Amidst recent challenges, economic uncertainties, and ongoing pressure on cannabis prices, I am pleased to announce a strong quarter. Our performance was highlighted by solid revenue and positive Adjusted EBITDA, fueled by the expansion of gross margins and effective cost management. We were responsible for approximately 9% of Nevada's retail market share and boasted a top brands in each category, underscoring the resilience of our operations and brand appeal in Nevada," stated Larry Scheffler, Co-CEO of Planet 13.
“在最近的挑战、经济的不确定性和大麻价格的持续压力中，我很高兴地宣布季度表现强劲。在毛利率的扩大和有效的成本管理的推动下，稳健的收入和正的调整后息税折旧摊销前利润突显了我们的业绩。Planet 13联席首席执行官拉里·舍弗勒表示，我们占内华达州约9％的零售市场份额，并在每个类别中都拥有顶级品牌，这凸显了我们在内华达州的业务弹性和品牌吸引力。
"We recently took decisive actions to fortify our balance sheet and set the Company up for growth through our acquisition of VidaCann. With the potential for adult-use in Florida, we are now well positioned to capture the full benefit of this tremendous opportunity," commented Bob Groesbeck, Co-CEO of Planet 13.
“我们最近采取了果断行动，巩固了我们的资产负债表，并通过收购VidaCann为公司的增长做好了准备。Planet 13联合首席执行官鲍勃·格罗斯贝克评论说，鉴于佛罗里达州成人使用的潜力，我们现在完全有能力抓住这个巨大机遇的全部好处。
Financial Highlights - Q4 - 2023
财务摘要-2023 年第四季度
Operating Results
经营业绩
All comparisons below are to the quarter ended December 31, 2022, unless otherwise noted
除非另有说明，否则以下所有比较均为截至2022年12月31日的季度
- Revenues were $23.0 million as compared to $24.8 million, a decrease of 7.5%. The decline in revenue was driven by lower sales at the SuperStore and a decline in wholesale revenue in Nevada.
- Gross profit was $11.0 million or 47.8% as compared to $10.7 million or 43.0%. The improvement in gross margin was driven by a decrease in product discounting at retail.
- Operating expenses were $18.1 million as compared to $45.9 million, a decrease of 60.5%
- Net loss of $14.3 million as compared to a net loss of $49.2 million
- Adjusted EBITDA of $1.3 million as compared to Adjusted EBITDA loss of $0.6 million. Adjusted EBITDA margin was higher due to better gross margin performance and strong cost control.
- 收入为2300万美元，而收入为2480万美元，下降7.5％。收入下降是由SuperStore销售额下降和内华达州批发收入下降所推动的。
- 毛利为1,100万美元，占47.8％，而毛利为1,070万美元，增长43.0％。毛利率的提高是由零售产品折扣的减少推动的。
- 与4,590万美元相比，运营支出为1,810万美元，下降了60.5％
- 净亏损为1,430万美元，而净亏损为4,920万美元
- 调整后的息税折旧摊销前利润为130万美元，而调整后的息税折旧摊销前利润亏损为60万美元。调整后的息税折旧摊销前利润率有所提高，这要归因于更好的毛利率表现和强有力的成本控制。
Financial Highlights - Full Year 2023
财务摘要-2023 年全年
Operating Results
经营业绩
All comparisons below are to the full year ended December 31, 2022, unless otherwise noted
除非另有说明，否则以下所有比较均与截至2022年12月31日的全年比较
- Revenues were $98.5 million as compared to $104.6 million, a decrease of 5.8%. The decline in revenue was driven by lower sales at the SuperStore and a decline in wholesale revenue in Nevada.
- Gross profit was $44.8 million or 45.5% as compared to $48.0 million or 45.9%. Gross margin was essentially flat due to an increase in vertical integration and strong cost control offsetting price compression.
- Total expenses were $105.9 million as compared to $96.7 million, an increase of 9.5%. This included a one-time, non-cash $46.8 million impairment. Excluding impairment, total expenses were $59.1 million.
- Net loss of $73.6 million as compared to a net loss of $59.6 million. The increase in net loss was driven by the one-time $46.8 million impairment charge.
- Adjusted EBITDA of $1.4 million as compared to Adjusted EBITDA loss of $7.5 million.
- 收入为9,850万美元，而收入为1.046亿美元，下降了5.8％。收入下降是由SuperStore销售额下降和内华达州批发收入下降所推动的。
- 毛利为4,480万美元，占45.5％，而毛利为4,800万美元，增长45.9％。由于纵向整合的加强和强有力的成本控制抵消了价格压缩，毛利率基本持平。
- 总支出为1.059亿美元，而支出为9,670万美元，增长了9.5％。这包括一次性非现金减值4,680万美元。不计减值，总支出为5,910万美元。
- 净亏损为7,360万美元，而净亏损为5,960万美元。净亏损的增加是由一次性4,680万美元的减值费用推动的。
- 调整后的息税折旧摊销前利润为140万美元，而调整后的息税折旧摊销前利润亏损为750万美元。
Balance Sheet
资产负债表
All comparisons below are to December 31, 2022, unless otherwise noted
除非另有说明，否则以下所有比较均与 2022 年 12 月 31 日相比
- Cash of $17.3 million as compared to $38.8 million
- Total assets of $151.7 million as compared to $220.1 million
- Total liabilities of $44.1 million as compared to $42.7 million
- 现金为1,730万美元，而现金为3,880万美元
- 总资产为1.517亿美元，相比之下为2.201亿美元
- 负债总额为4,410万美元，而负债总额为4,270万美元
Q4 Highlights and Recent Developments
第四季度亮点和最新进展
For a more comprehensive overview of these highlights and recent developments, please refer to Planet 13's Management's Discussion and Analysis of the Financial Condition and Results of Operations for the Three and Twelve Months Ended December 31, 2023 (the "MD&A").
要更全面地了解这些亮点和最近的事态发展，请参阅 Planet 13 管理层对截至2023年12月31日的三个月和十二个月的财务状况和经营业绩的讨论和分析 （“MD&A”）。
- On November 1, 2023, Planet 13 announced plans for the Dazed! Consumption Lounge.
- On November 14, 2023, Planet 13 entered into a settlement agreement.
- On November 17, 2023, Planet 13 provided an update regarding certain cash accounts.
- On December 4, 2023, Planet 13 opened its dispensary in Waukegan, Illinois.
- On December 11, 2023, Planet 13 announced Koolsville Tattoo, a new attraction at the SuperStore.
- On January 22, 2024, Planet 13 entered into a definitive agreement to sell its redundant Medical Marijuana Treatment Center License in Florida.
- On February 8, 2024, Planet 13 announced an expansion of the leadership team and board.
- On March 4, 2024, Planet 13 announced the commencement of an underwritten public offering of units.
- On March 7, 2024, Planet 13 closed the previously announced public offering of units.
- 2023 年 11 月 1 日，Planet 13 公布了 Dazed 的计划！消费休息室。
- 2023 年 11 月 14 日，Planet 13 签订了和解协议。
- 2023年11月17日，Planet 13提供了有关某些现金账户的最新信息。
- 2023 年 12 月 4 日，Planet 13 在伊利诺伊州沃基根开设了药房。
- 2023 年 12 月 11 日，Planet 13 宣布在 SuperStore 开设新景点 Koolsville Tattoo。
- 2024年1月22日，Planet 13签订了出售其在佛罗里达州冗余的医用大麻治疗中心许可证的最终协议。
- 2024 年 2 月 8 日，Planet 13 宣布扩大领导团队和董事会。
- 2024年3月4日，Planet 13宣布开始承销公开发行单位。
- 2024年3月7日，Planet 13结束了先前宣布的单位公开发行。
Results of Operations (Summary)
运营结果（摘要）
The following table sets forth consolidated statements of financial information for the three-month and full-year periods ended December 31, 2023 and December 31, 2022.
下表列出了截至2023年12月31日和2022年12月31日的三个月和全年期间的合并财务信息报表。
(Figures in millions |
For the Three Months Ended | For the Full Year Ended | |||||||||||||||||
and % change based |
December 31, | December 31, | December 31, | December 31, | |||||||||||||||
on these figures) |
2023 | 2022 | change | 2023 | 2022 | change | |||||||||||||
Total Revenue |
$ | 23.0 | $ | 24.8 | -7.5% | $ | 98.5 | $ | 104.6 | -5.8% | |||||||||
Gross Profit |
$ | 11.0 | $ | 10.7 | 2.8% | $ | 44.8 | $ | 48.0 | -6.6% | |||||||||
Gross Profit % |
47.8% | 43.0% | 11.2% | 46% | 46% | -0.8% | |||||||||||||
Operating Expenses |
$ | 18.1 | $ | 45.9 | -60.5% | $ | 95.2 | $ | 80.9 | 17.7% | |||||||||
Operating Expenses % |
79% | 185% | 97% | 77% | 24.9% | ||||||||||||||
Net Loss Before Provision for Income Taxes |
$ | (10.3) | $ | (48.3) | -78.7% | $ | (62.1) | $ | (50.8) | 22.2% | |||||||||
Net Loss |
$ | (14.3) | $ | (49.2) | -71.0% | $ | (73.6) | $ | (59.5) | 23.6% | |||||||||
Adjusted EBITDA |
$ | 1.3 | $ | (0.6) | -329.6% | $ | 1.4 | $ | (7.5) | -119.2% | |||||||||
Adjusted EBITDA Margin % |
5.6% | -2.3% | 1.5% | (7.2)% | |||||||||||||||
（以百万为单位的数字 |
在已结束的三个月中 | 在结束的全年中 | |||||||||||||||||
以百分比变化为基准 |
十二月三十一日 | 十二月三十一日 | 十二月三十一日 | 十二月三十一日 | |||||||||||||||
根据这些数字） |
2023 | 2022 | 改变 | 2023 | 2022 | 改变 | |||||||||||||
总收入 |
$ | 23.0 | $ | 24.8 | -7.5% | $ | 98.5 | $ | 104.6 | -5.8% | |||||||||
毛利 |
$ | 11.0 | $ | 10.7 | 2.8% | $ | 44.8 | $ | 48.0 | -6.6% | |||||||||
毛利％ |
47.8% | 43.0% | 11.2% | 46% | 46% | -0.8% | |||||||||||||
运营费用 |
$ | 18.1 | $ | 45.9 | -60.5% | $ | 95.2 | $ | 80.9 | 17.7% | |||||||||
运营费用百分比 |
79% | 185% | 97% | 77% | 24.9% | ||||||||||||||
所得税准备金前的净亏损 |
$ | (10.3) | $ | (48.3) | -78.7% | $ | (62.1) | $ | (50.8) | 22.2% | |||||||||
净亏损 |
$ | (14.3) | $ | (49.2) | -71.0% | $ | (73.6) | $ | (59.5) | 23.6% | |||||||||
调整后 EBITDA |
$ | 1.3 | $ | (0.6) | -329.6% | $ | 1.4 | $ | (7.5) | -119.2% | |||||||||
调整后的息税折旧摊销前利润率% |
5.6% | -2.3% | 1.5% | (7.2)% | |||||||||||||||
The Company's Annual Report on Form 10-K for the year ended December 31, 2023, is available on the SEC's website at www.sec.gov or at . The Company's Management Discussion and Analysis for the year and the accompanying financial statements and notes are available under the Company's profile on SEDAR+ and on its website at .
公司截至2023年12月31日止年度的10-K表年度报告可在美国证券交易委员会的网站上查阅 www.sec.gov 或者在 。公司年度管理层讨论与分析以及随附的财务报表和附注可在SEDAR+的公司简介下及其网站上查阅 。
This news release is not in any way a substitute for reading those financial statements, including the notes to the financial statements.
本新闻稿绝不能取代阅读这些财务报表，包括财务报表附注。
Conference Call
电话会议
Planet 13 will host a conference call on March 13, 2024 at 6:00 p.m. ET to discuss its fourth quarter and full year financial results and provide investors with key business highlights, strategy and outlook. The call will be chaired by Bob Groesbeck, Co-CEO, Larry Scheffler, Co-CEO, and Dennis Logan, CFO.
Planet 13将于美国东部时间2024年3月13日下午 6:00 举行电话会议，讨论其第四季度和全年财务业绩，并为投资者提供关键业务亮点、战略和前景。电话会议将由联席首席执行官鲍勃·格罗斯贝克、联席首席执行官拉里·舍弗勒和首席财务官丹尼斯·洛根主持。
CONFERENCE CALL DETAILS
电话会议详情
Date: March 13, 2024 | Time: 6:00 p.m. EST
Participant Dial-in: Toll Free 888-506-0062 or International 973-528-0011. Access Code: 815562
Replay Dial-in: Toll Free 877-481-4010 or International 919-882-2331. Replay Passcode: 50013
Listen to webcast:
日期：2024 年 3 月 13 日 | 时间：美国东部标准时间下午 6:00
参与者拨入：免费电话 888-506-0062 或国际 973-528-0011。接入码：815562
重播拨入：免费电话 877-481-4010 或国际 919-882-2331。重播密码：50013
收听网络直播：
Non-GAAP Financial Measures
非公认会计准则财务指标
There are financial measures included in this press release that are not in accordance with GAAP and therefore may not be comparable to similarly titled measures and metrics presented by other publicly traded companies. These non-GAAP financial measures should be considered as supplemental to, and not a substitute for, our reported financial results prepared in accordance with GAAP. The Company includes EBITDA and Adjusted EBITDA because it believes certain investors use these measures and metrics as a means of assessing financial performance. EBITDA is calculated as net income (loss) before interest, taxes, depreciation and amortization, and Adjusted EBITDA is calculated as EBITDA before share-based compensation, the change in fair value of warrants and one-time non-recurring expenses.
本新闻稿中包含的财务指标不符合公认会计原则，因此可能无法与其他上市公司提供的类似标题的指标和指标进行比较。这些非公认会计准则财务指标应被视为我们根据公认会计原则编制的财务业绩的补充而非替代品。该公司之所以包括息税折旧摊销前利润和调整后息税折旧摊销前利润，是因为它认为某些投资者使用这些指标和指标作为评估财务业绩的手段。息税折旧摊销前利润按扣除利息、税项、折旧和摊销前的净收益（亏损）计算，调整后的息税折旧摊销前利润计算为扣除股份薪酬、认股权证公允价值变动和一次性非经常性支出前的息税折旧摊销前利润。
The following table presents a reconciliation of net income (loss) to Adjusted EBITDA for each of the periods presented:
下表显示了所列每个时期的净收益（亏损）与调整后息税折旧摊销前利润的对账：
Reconciliation of Non-GAAP Adjusted EBITDA |
|||||||||||||||||||
(Figures in millions |
For the Three Months Ended | For the Full Year Ended | |||||||||||||||||
and % change based |
December 31, | December 31, | December 31, | December 31, | |||||||||||||||
on these figures) |
2023 | 2022 | change | 2023 | 2022 | change | |||||||||||||
Net Loss |
$ | (14.3) | $ | (38.6) | -63.1% | $ | (73.6) | $ | (59.5) | 23.6% | |||||||||
Add impact of: |
|||||||||||||||||||
Interest expense |
$ | (0.1) | $ | (0.0) | 639.2% | $ | (0.2) | $ | (0.2) | 3.3% | |||||||||
Provision for income taxes |
$ | 4.0 | $ | 0.9 | 341.4% | $ | 11.5 | $ | 8.8 | 31.8% | |||||||||
Depreciation and amortization |
$ | 2.0 | $ | 2.4 | -17.0% | $ | 8.2 | $ | 8.3 | -1.9% | |||||||||
Depreciation included in cost of goods sold |
$ | 1.0 | $ | 1.1 | -11.9% | $ | 3.3 | $ | 1.9 | 71.3% | |||||||||
EBITDA |
$ | (7.5) | $ | (34.2) | -78.2% | $ | (50.8) | $ | (40.7) | 24.7% | |||||||||
Impairment of goodwill and other intangibles |
$ | 7.2 | $ | 32.8 | $ | 46.8 | $ | 32.8 | |||||||||||
Gain on sale-leaseback |
$ | - | $ | (0.5) | $ | - | $ | (0.5) | |||||||||||
Change in fair value of warrants |
$ | - | $ | (0.2) | -100.0% | $ | (0.0) | $ | (7.2) | -99.7% | |||||||||
Professional fees expensed related to M&A activities |
$ | 0.2 | $ | 0.2 | -7.6% | $ | 2.6 | $ | 0.7 | 296.8% | |||||||||
Professional fees expensed related to SEC Domestic Issuer Form 10 filing and U.S Domestication from British Columbia to Nevada |
$ | - | $ | - | 0.0% | $ | 0.3 | $ | - | 0.0% | |||||||||
Share-based compensation and related premiums |
$ | 1.3 | $ | 1.3 | 1.7% | $ | 2.5 | $ | 7.5 | -66.2% | |||||||||
Adjusted EBITDA |
$ | 1.3 | $ | (0.6) | -329.6% | $ | 1.4 | $ | (7.5) | -119.2% | |||||||||
非公认会计准则调整后息税折旧摊销前利润的对账 |
|||||||||||||||||||
（以百万为单位的数字 |
在已结束的三个月中 | 在结束的全年中 | |||||||||||||||||
以百分比变化为基准 |
十二月三十一日 | 十二月三十一日 | 十二月三十一日 | 十二月三十一日 | |||||||||||||||
根据这些数字） |
2023 | 2022 | 改变 | 2023 | 2022 | 改变 | |||||||||||||
净亏损 |
$ | (14.3) | $ | (38.6) | -63.1% | $ | (73.6) | $ | (59.5) | 23.6% | |||||||||
增加以下方面的影响： |
|||||||||||||||||||
利息支出 |
$ | (0.1) | $ | (0.0) | 639.2% | $ | (0.2) | $ | (0.2) | 3.3% | |||||||||
所得税准备金 |
$ | 4.0 | $ | 0.9 | 341.4% | $ | 11.5 | $ | 8.8 | 31.8% | |||||||||
折旧和摊销 |
$ | 2.0 | $ | 2.4 | -17.0% | $ | 8.2 | $ | 8.3 | -1.9% | |||||||||
折旧包含在销售商品的成本中 |
$ | 1.0 | $ | 1.1 | -11.9% | $ | 3.3 | $ | 1.9 | 71.3% | |||||||||
EBITDA |
$ | (7.5) | $ | (34.2) | -78.2% | $ | (50.8) | $ | (40.7) | 24.7% | |||||||||
商誉和其他无形资产的减值 |
$ | 7.2 | $ | 32.8 | $ | 46.8 | $ | 32.8 | |||||||||||
售后回租的收益 |
$ | - | $ | (0.5) | $ | - | $ | (0.5) | |||||||||||
认股权证公允价值的变化 |
$ | - | $ | (0.2) | -100.0% | $ | (0.0) | $ | (7.2) | -99.7% | |||||||||
与并购活动相关的专业费用 |
$ | 0.2 | $ | 0.2 | -7.6% | $ | 2.6 | $ | 0.7 | 296.8% | |||||||||
与美国证券交易委员会国内发行人表格10申报以及从不列颠哥伦比亚省到内华达州的美国国内化相关的专业费用 |
$ | - | $ | - | 0.0% | $ | 0.3 | $ | - | 0.0% | |||||||||
基于股份的薪酬和相关溢价 |
$ | 1.3 | $ | 1.3 | 1.7% | $ | 2.5 | $ | 7.5 | -66.2% | |||||||||
调整后 EBITDA |
$ | 1.3 | $ | (0.6) | -329.6% | $ | 1.4 | $ | (7.5) | -119.2% | |||||||||
About Planet 13
关于《13号星球》
Planet 13 ( is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and upcoming sites in Florida. Home to the nation's largest dispensary located just off The Strip in Las Vegas, Planet 13 recently opened its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13 holds a medical marijuana treatment center license in Florida allowing for state-wide expansion throughout the Sunshine State. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH.
Planet 13（是一家垂直整合的大麻公司，在加利福尼亚州、内华达州、伊利诺伊州以及即将建成的佛罗里达州基地均拥有屡获殊荣的种植、生产和药房业务。Planet 13是美国最大的药房，位于拉斯维加斯大道附近，最近在沃基根开设了第一家伊利诺伊州药房，为芝加哥都会区带来无与伦比的大麻体验。Planet 13持有佛罗里达州的医用大麻治疗中心许可证，允许在整个阳光州进行全州扩张。Planet 13的使命是建立一个知名的全球品牌，该品牌以世界一流的药房运营和创新的大麻产品而闻名。在Planet 13运营的州，获得许可的大麻活动是合法的，但根据美国联邦法律仍然是非法的。Planet 13的股票在加拿大证券交易所（CSE）上市，股票代码为PLTH，并在OTCQX上市，股票代码为PLNH。
Cautionary Note Regarding Forward-Looking Information
关于前瞻性信息的警示说明
This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such "plans", "expects", "proposed", "may", "could", "would", "intends", "anticipates", or "believes", or variations of such words and phrases. In this news release, forward-looking statements relate to the Company's fourth quarter 2023 financial performance and expectations for future financial performance. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others, those assumptions, risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2022 and any of the Company's subsequent periodic reports filed with the U.S. Securities and Exchange Commission at www.sec.gov and on SEDAR+ at . Forward-looking statements contained herein are made only as to the date of this press release and we assume no obligation to update or revise any forward-looking statements should they change, except as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
本新闻稿包含适用证券法所指的前瞻性信息和前瞻性陈述。除历史事实陈述外，所有陈述均为前瞻性陈述，通常（但并非总是如此）用诸如此类的短语来标识 “计划“， “期待“， “提出的“， “可能“， “可以“， “会“， “打算“， “预期“，或 “相信“，或此类单词和短语的变体。在本新闻稿中，前瞻性陈述与公司有关'2023年第四季度的财务业绩和对未来财务业绩的预期。此类前瞻性陈述反映了公司管理层认为或当时认为的合理假设，因此提醒读者不要过分依赖此类前瞻性陈述，实际业绩可能与此类前瞻性陈述有所不同。这些可能导致实际结果不同的假设、风险和不确定性包括本标题下讨论的那些假设、风险和不确定性 “风险因素“ 在公司里's 截至2022年12月31日止年度的10-K/A表年度报告以及公司任何一部分'随后向美国证券交易委员会提交的定期报告是 www.sec.gov 然后在 SEDAR+ 上 。此处包含的前瞻性陈述仅在本新闻稿发布之日作出，除非法律要求，否则如果任何前瞻性陈述发生变化，我们没有义务对其进行更新或修改。证券交易所、证券委员会或其他监管机构均未批准或不批准此处包含的信息。
For further inquiries, please contact:
如需进一步查询，请联系：
LodeRock Advisors Inc., Planet 13 Investor Relations
mark.kuindersma@loderockadvisors.com
LodeRock Advisors Inc.，Planet 13
mark.kuindersma@loderockadvisors.com
Bob Groesbeck and Larry Scheffler
Co-Chief Executive Officers
ir@planet13lasvegas.com
鲍勃·格罗斯贝克和拉里·舍弗勒
联席首席执行官
ir@planet13lasvegas.com
PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Balance Sheets
(In United States Dollars)
PLANET 13 控股公司
中期简明合并资产负债表
（以美元计）
| December 31, | December 31, | |||||||
| 2023 | 2022 | |||||||
ASSETS |
||||||||
Current Assets: |
||||||||
Cash |
$ | 11,831,008 | $ | 38,789,604 | ||||
Restricted Cash |
5,450,584 | - | ||||||
Accounts Receivable |
1,195,927 | 1,326,795 | ||||||
Inventory |
15,760,648 | 13,004,839 | ||||||
Asset held for sale |
9,000,000 | - | ||||||
Prepaid Expenses and Other Current Assets |
4,072,820 | 3,810,394 | ||||||
Total Current Assets |
47,310,987 | 56,931,632 | ||||||
Property and Equipment |
67,551,697 | 71,466,051 | ||||||
Intangible Assets and Goodwill |
15,253,797 | 69,288,007 | ||||||
Right of Use Assets - Operating |
20,054,369 | 21,168,171 | ||||||
Long-term Deposits and Other Assets |
869,853 | 862,545 | ||||||
Deferred Tax Asset |
706,038 | 346,257 | ||||||
TOTAL ASSETS |
$ | 151,746,741 | $ | 220,062,663 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
||||||||
LIABILITIES |
||||||||
Current: |
||||||||
Accounts Payable |
$ | 2,850,922 | $ | 3,112,820 | ||||
Accrued Expenses |
6,097,641 | 8,072,224 | ||||||
Income Taxes Payable |
4,782,538 | 2,826,501 | ||||||
Notes Payable - Current Portion |
884,000 | 884,000 | ||||||
Operating Lease Liabilities |
674,594 | 479,161 | ||||||
Total Current Liabilities |
15,289,695 | 15,374,706 | ||||||
Long-Term Liabilities: |
||||||||
Operating Lease Liabilities |
25,271,706 | 25,833,071 | ||||||
Warrant Liability |
- | 18,127 | ||||||
Other Long-term Liabilities |
33,000 | 28,000 | ||||||
Deferred Tax Liability |
3,511,559 | 1,487,204 | ||||||
Total Liabilities |
44,105,960 | 42,741,108 | ||||||
Shareholders' Equity |
||||||||
Common Stock, no par value, 1,500,000,000 shares authorized, 223,317,270 issued and outstanding at December 31, 2023 and 220,470,061 at December 31, 2022 |
- | - | ||||||
Preferred Stock, no par value, 50,000,000 shares authorized, 0 issued and outstanding at December 31, 2023 and 0 at December 31, 2022 |
- | - | ||||||
Additional Paid-In Capital |
315,951,343 | 312,023,359 | ||||||
Deficit |
(208,310,562) | (134,701,804) | ||||||
Total Shareholders' Equity |
107,640,781 | 177,321,555 | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
$ | 151,746,741 | $ | 220,062,663 | ||||
| 十二月三十一日 | 十二月三十一日 | |||||||
| 2023 | 2022 | |||||||
资产 |
||||||||
流动资产： |
||||||||
现金 |
$ | 11,831,008 | $ | 38,789,604 | ||||
限制性现金 |
5,450,584 | - | ||||||
应收账款 |
1,195,927 | 1,326,795 | ||||||
库存 |
15,760,648 | 13,004,839 | ||||||
持有待售资产 |
9,000,000 | - | ||||||
预付费用和其他流动资产 |
4,072,820 | 3,810,394 | ||||||
流动资产总额 |
47,310,987 | 56,931,632 | ||||||
财产和设备 |
67,551,697 | 71,466,051 | ||||||
无形资产和商誉 |
15,253,797 | 69,288,007 | ||||||
使用权资产-运营 |
20,054,369 | 21,168,171 | ||||||
长期存款和其他资产 |
869,853 | 862,545 | ||||||
递延所得税资产 |
706,038 | 346,257 | ||||||
总资产 |
$ | 151,746,741 | $ | 220,062,663 | ||||
负债和股东权益 |
||||||||
负债 |
||||||||
当前： |
||||||||
应付账款 |
$ | 2,850,922 | $ | 3,112,820 | ||||
应计费用 |
6,097,641 | 8,072,224 | ||||||
应付所得税 |
4,782,538 | 2,826,501 | ||||||
应付票据-流动部分 |
884,000 | 884,000 | ||||||
经营租赁负债 |
674,594 | 479,161 | ||||||
流动负债总额 |
15,289,695 | 15,374,706 | ||||||
长期负债： |
||||||||
经营租赁负债 |
25,271,706 | 25,833,071 | ||||||
认股权证责任 |
- | 18,127 | ||||||
其他长期负债 |
33,000 | 28,000 | ||||||
递延所得税负债 |
3,511,559 | 1,487,204 | ||||||
负债总额 |
44,105,960 | 42,741,108 | ||||||
股东权益 |
||||||||
普通股，无面值，授权15亿股，截至2023年12月31日已发行和流通223,317,270股，截至2022年12月31日已发行和流通220,470,061股 |
- | - | ||||||
优先股，无面值，已授权5000万股，截至2023年12月31日已发行和流通0股，截至2022年12月31日为0股 |
- | - | ||||||
额外的实收资本 |
315,951,343 | 312,023,359 | ||||||
赤字 |
(208,310,562) | (134,701,804) | ||||||
股东权益总额 |
107,640,781 | 177,321,555 | ||||||
负债总额和股东权益 |
$ | 151,746,741 | $ | 220,062,663 | ||||
PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Statements of Operations and Comprehensive Loss
(In United States Dollars, except share amounts)
PLANET 13 控股公司
中期简明合并运营报表和综合亏损报表
（以美元计，股份金额除外）
| December 31, | ||||||||
| 2023 | 2022 | |||||||
Revenues, net of discounts |
$ | 98,505,170 | $ | 104,574,377 | ||||
Cost of Goods Sold |
(53,682,026) | (56,599,623) | ||||||
Gross Profit |
44,823,144 | 47,974,754 | ||||||
Expenses: |
||||||||
General and Administrative |
42,421,172 | 49,395,500 | ||||||
Sales and Marketing |
5,368,473 | 3,504,309 | ||||||
Lease Expense |
3,105,996 | 2,744,532 | ||||||
Impairment loss |
46,846,866 | 32,750,466 | ||||||
Depreciation and Amortization |
8,180,465 | 8,337,476 | ||||||
Total Expenses |
105,922,972 | 96,732,283 | ||||||
Loss From Operations |
(61,099,828) | (48,757,529) | ||||||
Other Income (Expense): |
||||||||
Interest income (expense), net |
195,722 | 189,473 | ||||||
Foreign exchange gain (loss) |
3,653 | (25,528) | ||||||
Change in fair value of warrant liability |
18,127 | 7,177,805 | ||||||
Gain on Sale-Leaseback |
- | 509,392 | ||||||
Provision for stolen funds |
(2,000,000) | (10,300,000) | ||||||
Other Income, net |
807,023 | 413,029 | ||||||
Total Other Income (Expense) |
(975,475) | (2,035,829) | ||||||
Loss Before Provision for Income Taxes |
(62,075,303) | (50,793,358) | ||||||
Provision For Income Taxes |
||||||||
Current Tax Expense |
(9,868,881) | (10,672,538) | ||||||
Deferred Tax Recovery |
(1,664,574) | 1,920,177 | ||||||
| (11,533,455) | (8,752,361) | |||||||
Net Loss and Comprehensive Loss |
$ | (73,608,758) | $ | (59,545,719) | ||||
Loss per Share |
||||||||
Basic and diluted loss per share |
$ | (0.33) | $ | (0.27) | ||||
Weighted Average Number of Shares of Common Stock |
||||||||
Basic and diluted |
221,964,287 | 216,586,621 | ||||||
| 十二月三十一日 | ||||||||
| 2023 | 2022 | |||||||
扣除折扣后的收入 |
$ | 98,505,170 | $ | 104,574,377 | ||||
销售商品的成本 |
(53,682,026) | (56,599,623) | ||||||
毛利 |
44,823,144 | 47,974,754 | ||||||
费用： |
||||||||
一般和行政 |
42,421,172 | 49,395,500 | ||||||
销售和营销 |
5,368,473 | 3,504,309 | ||||||
租赁费用 |
3,105,996 | 2,744,532 | ||||||
减值损失 |
46,846,866 | 32,750,466 | ||||||
折旧和摊销 |
8,180,465 | 8,337,476 | ||||||
支出总额 |
105,922,972 | 96,732,283 | ||||||
运营损失 |
(61,099,828) | (48,757,529) | ||||||
其他收入（费用）： |
||||||||
利息收入（支出），净额 |
195,722 | 189,473 | ||||||
外汇收益（亏损） |
3,653 | (25,528) | ||||||
认股权证负债公允价值的变化 |
18,127 | 7,177,805 | ||||||
售后回租收益 |
- | 509,392 | ||||||
为被盗资金提供经费 |
(2,000,000) | (10,300,000) | ||||||
其他收入，净额 |
807,023 | 413,029 | ||||||
其他收入总额（支出） |
(975,475) | (2,035,829) | ||||||
所得税准备金前的亏损 |
(62,075,303) | (50,793,358) | ||||||
所得税准备金 |
||||||||
当期税收支出 |
(9,868,881) | (10,672,538) | ||||||
递延税收回收 |
(1,664,574) | 1,920,177 | ||||||
| (11,533,455) | (8,752,361) | |||||||
净亏损和综合亏损 |
$ | (73,608,758) | $ | (59,545,719) | ||||
每股亏损 |
||||||||
每股基本亏损和摊薄后亏损 |
$ | (0.33) | $ | (0.27) | ||||
普通股的加权平均数 |
||||||||
基本款和稀释版 |
221,964,287 | 216,586,621 | ||||||
PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Statements of Cash Flows
(In United States Dollars)
PLANET 13 控股公司
中期简明合并现金流量表
（以美元计）
| December 31, 2023 | December 31, 2022 | |||||||
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES |
||||||||
Net loss |
$ | (73,608,758) | $ | (59,545,719) | ||||
Adjustments for items not involving cash: |
||||||||
Share based compensation |
2,520,407 | 7,459,267 | ||||||
Non-cash lease expense |
4,974,644 | 4,737,162 | ||||||
Depreciation |
12,147,052 | 11,258,697 | ||||||
Amortization of intangibles |
- | 372,222 | ||||||
Change in fair value of warrant liability |
(18,127) | (7,177,805) | ||||||
Gain on translation of warrant liability |
- | (10,117) | ||||||
Deferred tax recovery |
2,024,355 | (1,736,724) | ||||||
Proceeds from lease incentive |
- | 1,100,000 | ||||||
Lease incentive amortization |
(109,902) | (239,133) | ||||||
Impairment of goodwill |
- | 25,802,688 | ||||||
Impairment of intangible assets |
46,846,866 | 6,947,778 | ||||||
Gain on sale leaseback |
- | (509,392) | ||||||
Shares issued for SDC settlement |
728,700 | - | ||||||
Loss on disposal of property and equipment |
180,177 | 70,601 | ||||||
| (4,314,586) | (11,470,475) | |||||||
Net Changes in Non-cash Working Capital Items |
(3,589,711) | 8,273,643 | ||||||
Repayment of lease liabilities |
(4,141,221) | (3,566,817) | ||||||
Total Operating |
(12,045,518) | (6,763,649) | ||||||
FINANCING ACTIVITIES |
||||||||
Proceeds from exercise of warrants and options |
- | 1,142,238 | ||||||
Taxes paid in lieu of share issuance - RSUs |
(267,529) | |||||||
Total Financing |
(267,529) | 1,142,238 | ||||||
INVESTING ACTIVITIES |
||||||||
Purchase of property, plant and equipment |
(8,393,593) | (16,674,704) | ||||||
Proceeds from sale of fixed assets |
64,878 | - | ||||||
Net cash acquired through NGW acquisition |
- | 1,479,134 | ||||||
Purchase of licenses |
(866,250) | - | ||||||
Proceeds from sale/lease back |
- | 1,049,633 | ||||||
Purchase of domain name |
- | (30,000) | ||||||
Total Investing |
(9,194,965) | (14,175,937) | ||||||
NET CHANGE IN CASH DURING THE YEAR |
(21,508,012) | (19,797,348) | ||||||
CASH AND RESTRICTED CASH |
||||||||
Beginning of Year |
38,789,604 | 58,586,952 | ||||||
End of Year |
$ | 17,281,592 | $ | 38,789,604 | ||||
| 2023年12月31日 | 2022年12月31日 | |||||||
由（用于）经营活动提供的现金 |
||||||||
净亏损 |
$ | (73,608,758) | $ | (59,545,719) | ||||
对不涉及现金的项目的调整： |
||||||||
基于股份的薪酬 |
2,520,407 | 7,459,267 | ||||||
非现金租赁费用 |
4,974,644 | 4,737,162 | ||||||
折旧 |
12,147,052 | 11,258,697 | ||||||
无形资产的摊销 |
- | 372,222 | ||||||
认股权证负债公允价值的变化 |
(18,127) | (7,177,805) | ||||||
认股权证责任折算收益 |
- | (10,117) | ||||||
递延税收回收 |
2,024,355 | (1,736,724) | ||||||
租赁激励的收益 |
- | 1100,000 | ||||||
租赁激励摊销 |
(109,902) | (239,133) | ||||||
商誉减值 |
- | 25,802,688 | ||||||
无形资产减值 |
46,846,866 | 6,947,778 | ||||||
售后回租收益 |
- | (509,392) | ||||||
为SDC结算而发行的股票 |
728,700 | - | ||||||
处置财产和设备损失 |
180,177 | 70,601 | ||||||
| (4,314,586) | (11,470,475) | |||||||
非现金营运资金项目的净变化 |
(3,589,711) | 8,273,643 | ||||||
偿还租赁负债 |
(4,141,221) | (3,566,817) | ||||||
运营总额 |
(12,045,518) | (6,763,649) | ||||||
筹资活动 |
||||||||
行使认股权证和期权的收益 |
- | 1,142,238 | ||||||
代替股票发行而缴纳的税款-RSU |
(267,529) | |||||||
融资总额 |
(267,529) | 1,142,238 | ||||||
投资活动 |
||||||||
购买不动产、厂房和设备 |
(8,393,593) | (16,674,704) | ||||||
出售固定资产的收益 |
64,878 | - | ||||||
通过收购 NGW 获得的净现金 |
- | 1,479,134 | ||||||
购买许可证 |
(866,250) | - | ||||||
出售/回租的收益 |
- | 1,049,633 | ||||||
购买域名 |
- | (30,000) | ||||||
投资总额 |
(9,194,965) | (14,175,937) | ||||||
年内现金的净变化 |
(21,508,012) | (19,797,348) | ||||||
现金和限制性现金 |
||||||||
年初 |
38,789,604 | 58,586,952 | ||||||
年底 |
$ | 17,281,592 | $ | 38,789,604 | ||||
SOURCE: Planet 13 Holdings
来源：Planet 13 控股公司
