Planet 13 Reports Unaudited, Preliminary Fourth Quarter and Full Year 2023 Financial Results and Date for Full Earnings Release
Planet 13 Reports Unaudited, Preliminary Fourth Quarter and Full Year 2023 Financial Results and Date for Full Earnings Release
LAS VEGAS, NV / ACCESSWIRE / February 27, 2024 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNH) ("Planet 13" or the "Company"), a leading vertically-integrated multi-state cannabis company, today announced its unaudited preliminary financial results for the fourth quarter and full year ended December 31, 2023. All financial information is provided in U.S. dollars unless otherwise indicated and is prepared under U.S. Generally Accepted Accounting Principles ("GAAP").
內華達州拉斯維加斯/ACCESSWIRE/2024年2月27日/領先的垂直整合多州大麻公司Planet 13 Holdings Inc.（CSE: PLTH）（OTCQX: PLNH）（“Planet 13” 或 “公司”）今天公佈了截至2023年12月31日的第四季度和全年未經審計的初步財務業績。除非另有說明，所有財務信息均以美元提供，並且是根據美國公認會計原則（“GAAP”）編制的。
The Company will host a conference call on March 13, 2024, at 6:00 p.m. ET to discuss its fourth-quarter and year end 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.
該公司將於美國東部時間2024年3月13日下午 6:00 舉行電話會議，討論其第四季度和年終財務業績，並向投資者提供關鍵業務亮點、戰略和前景。電話會議將由聯席首席執行官鮑勃·格羅斯貝克、聯席首席執行官拉里·舍弗勒和首席財務官丹尼斯·洛根主持。
CONFERENCE CALL DETAILS
電話會議詳情
Date: March 13, 2024, | Time: 6:00 p.m. ET
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: Link
日期：2024 年 3 月 13 日，| 時間：美國東部時間下午 6:00
參與者撥號：免費電話：888-506-0062 或國際電話：973-528-0011。接入碼：815562
重播撥入：免費電話：877-481-4010 或國際電話：919-882-2331。重播密碼：50013
收聽網絡直播：鏈接
"Given the turbulence of the last few months, the challenging macroeconomic backdrop, and the continued cannabis price compression we are seeing, I am pleased to report a solid quarter. We generated solid revenue performance and positive Adjusted EBITDA, driven by gross margin expansion and strong cost controls. We continue to hold ~9% of Nevada's retail market share and top five brands in every category, demonstrating the strength of our Nevada operations and brand value," said Larry Scheffler, Co-CEO of Planet 13. "In spite of recent events, Planet 13 is generating positive Adjusted EBITDA and continues to have a strong balance sheet with over $17 million in cash and effectively no debt. We are well capitalized to continue executing our announced growth plan in Florida and Nevada."
“鑑於過去幾個月的動盪、充滿挑戰的宏觀經濟背景以及我們所看到的大麻價格持續壓縮，我很高興地報告一個穩健的季度業績。在毛利率擴張和強有力的成本控制的推動下，我們創造了穩健的收入表現和正的調整後息稅折舊攤銷前利潤。Planet 13聯席首席執行官拉里·舍弗勒說，我們繼續佔內華達州約9％的零售市場份額，在每個類別中均排名前五的品牌，這表明了我們在內華達州的業務和品牌價值的實力。“儘管最近發生了一些事件，但Planet 13的調整後息稅折舊攤銷前利潤仍爲正數，資產負債表繼續保持強勁，現金超過1700萬美元，實際上沒有債務。我們有充足的資金繼續在佛羅里達州和內華達州執行我們宣佈的增長計劃。”
"Towards the end of the quarter, we opened our new Illinois location and are working towards closing our acquisition of VidaCann and opening our consumption lounge at the Las Vegas SuperStore. These exciting additions are set to drive Planet 13's next leg of growth," said Bob Groesbeck, Co-CEO of Planet 13. "We've built an attractive portfolio of operations in highly sought-after states. As we look to 2024, our goal is to prepare for the exciting potential of adult use in Florida and increase our scale, efficiency and operating leverage in core states to drive growth in operating cashflow and shareholder value."
“在本季度末，我們在伊利諾伊州開設了新的分店，並正在努力完成對VidaCann的收購，並在拉斯維加斯超級商店開設消費休息室。這些令人興奮的新增將推動13號星球的下一輪增長。” Planet 13聯席首席執行官鮑勃·格羅斯貝克說。“我們在備受追捧的州建立了有吸引力的業務組合。展望2024年，我們的目標是爲佛羅里達州成人使用的激動潛力做好準備，並提高我們在覈心州的規模、效率和運營槓桿率，以推動運營現金流和股東價值的增長。”
Preliminary Unaudited Financial Highlights - Q4 2023
未經審計的初步財務摘要-2023 年第四季度
(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% | $ | 94.8 | $ | 80.9 | 17.1% | ||||||||||||||
Operating Expenses % |
79% | 185% | 96% | 77% | 24.3% | |||||||||||||||||||
Net Loss Before Provision for Income Taxes |
$ | (10.3) | $ | (37.7) | nmf | $ | (62.1) | $ | (50.8) | 22.2% | ||||||||||||||
Net Loss |
$ | (14.3) | $ | (38.6) | nmf | $ | (73.6) | $ | (59.5) | 23.6% | ||||||||||||||
Adjusted EBITDA |
$ | 1.3 | $ | (0.6) | nmf | $ | 1.9 | $ | (7.5) | nmf | ||||||||||||||
Adjusted EBITDA Margin % |
5.6% | -3.2% | 1.9% | (7.2)% | ||||||||||||||||||||
（以百萬爲單位的數字 |
在已結束的三個月中 | 在結束的全年中 | ||||||||||||||||||||||
以百分比變化爲基準 |
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 | ||||||||||||||||||||
根據這些數字） |
2023 | 2022 | 改變 | 2023 | 2022 | 改變 | ||||||||||||||||||
總收入 |
$ | 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% | ||||||||||||||||||
運營費用 |
$ | 18.1 | $ | 45.9 | -60.5% | $ | 94.8 | $ | 80.9 | 17.1% | ||||||||||||||
運營費用百分比 |
79% | 185% | 96% | 77% | 24.3% | |||||||||||||||||||
所得稅準備金前的淨虧損 |
$ | (10.3) | $ | (37.7) | nmf | $ | (62.1) | $ | (50.8) | 22.2% | ||||||||||||||
淨虧損 |
$ | (14.3) | $ | (38.6) | nmf | $ | (73.6) | $ | (59.5) | 23.6% | ||||||||||||||
調整後 EBITDA |
$ | 1.3 | $ | (0.6) | nmf | $ | 1.9 | $ | (7.5) | nmf | ||||||||||||||
調整後的息稅折舊攤銷前利潤率% |
5.6% | -3.2% | 1.9% | (7.2)% | ||||||||||||||||||||
(Figures in millions) |
As of December 31, 2023 | |||
Cash |
$ | 11.9 | ||
Restricted cash |
$ | 5.5 | ||
Total cash |
$ | 17.4 | ||
Total Assets |
$ | 151.7 | ||
Total debt |
$ | 0.9 | ||
Total Liabilities (includes Debt, Accounts Payable and Accrued Expenses, Income Tax Payable and ROU Lease Liabilities) |
$ | 44.1 | ||
（以百萬爲單位的數字） |
截至 2023 年 12 月 31 日 | |||
現金 |
$ | 11.9 | ||
限制性現金 |
$ | 5.5 | ||
現金總額 |
$ | 17.4 | ||
總資產 |
$ | 151.7 | ||
債務總額 |
$ | 0.9 | ||
總負債（包括債務、應付賬款和應計費用、應付所得稅和ROU租賃負債） |
$ | 44.1 | ||
Non-GAAP Financial Measures
非公認會計准則財務指標
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.
本新聞稿中包含的某些財務指標不符合公認會計原則，因此可能無法與其他上市公司提供的類似標題的指標和指標進行比較。這些非公認會計准則財務指標應被視爲我們根據公認會計原則編制的財務業績的補充，而不是替代這些業績。該公司之所以包括息稅折舊攤銷前利潤和調整後的息稅折舊攤銷前利潤，是因爲它認爲某些投資者使用這些指標和指標作爲評估財務表現的手段。息稅折舊攤銷前利潤按扣除利息、稅項、折舊和攤銷前的淨收益（虧損）計算，調整後的息稅折舊攤銷前利潤計算爲扣除股份薪酬、認股權證公允價值變動和一次性非經常性支出前的息稅折舊攤銷前利潤。
The following table presents a reconciliation of net income (loss) to Adjusted EBITDA for each of the periods presented:
下表顯示了所列每個時期的淨收益（虧損）與調整後息稅折舊攤銷前利潤的對賬：
Reconciliation of Non-GAAP Adjusted EBITDA
非公認會計准則調整後息稅折舊攤銷前利潤的對賬
(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) | nmf | $ | (73.6) | $ | (59.5) | 23.6% | ||||||||||||||
Add impact of: |
||||||||||||||||||||||||
Interest expense |
$ | (0.1) | $ | 0.3 | -143.6% | $ | (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) | $ | (34.0) | nmf | $ | (50.8) | $ | (40.7) | nmf | ||||||||||||||
Impairment of goodwill and other intangibles |
$ | 7.2 | $ | 32.8 | -78.1% | $ | 46.8 | $ | 32.8 | 42.8% | ||||||||||||||
Gain on sale-leaseback |
$ | - | $ | (0.5) | nmf | $ | - | $ | (0.5) | nmf | ||||||||||||||
Change in fair value of warrants |
$ | - | $ | (0.4) | nmf | $ | (0.0) | $ | (7.2) | nmf | ||||||||||||||
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% | $ | 3.0 | $ | 7.5 | -60.0% | ||||||||||||||
Adjusted EBITDA |
$ | 1.3 | $ | (0.6) | nmf | $ | 1.9 | $ | (7.5) | nmf | ||||||||||||||
（以百萬爲單位的數字 |
在已結束的三個月中 | 在結束的全年中 | ||||||||||||||||||||||
以百分比變化爲基準 |
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 | ||||||||||||||||||||
根據這些數字） |
2023 | 2022 | 改變 | 2023 | 2022 | 改變 | ||||||||||||||||||
淨虧損 |
$ | (14.3) | $ | (38.6) | nmf | $ | (73.6) | $ | (59.5) | 23.6% | ||||||||||||||
增加以下方面的影響： |
||||||||||||||||||||||||
利息支出 |
$ | (0.1) | $ | 0.3 | -143.6% | $ | (0.2) | $ | (0.2) | 3.3% | ||||||||||||||
所得稅準備金 |
$ | 4.0 | $ | 0.9 | 341.4% | $ | 11.5 | $ | 8.8 | 31.8% | ||||||||||||||
折舊和攤銷 |
$ | 2.0 | $ | 2.4 | -17.0% | $ | 8.2 | $ | 8.3 | -1.9% | ||||||||||||||
折舊包含在銷售商品的成本中 |
$ | 1.0 | $ | 1.1 | -11.9% | $ | 3.3 | $ | 1.9 | 71.3% | ||||||||||||||
EBITDA |
$ | (7.5) | $ | (34.0) | nmf | $ | (50.8) | $ | (40.7) | nmf | ||||||||||||||
商譽和其他無形資產的減值 |
$ | 7.2 | $ | 32.8 | -78.1% | $ | 46.8 | $ | 32.8 | 42.8% | ||||||||||||||
售後回租的收益 |
$ | - | $ | (0.5) | nmf | $ | - | $ | (0.5) | nmf | ||||||||||||||
認股權證公允價值的變化 |
$ | - | $ | (0.4) | nmf | $ | (0.0) | $ | (7.2) | nmf | ||||||||||||||
與併購活動相關的專業費用 |
$ | 0.2 | $ | 0.2 | -7.6% | $ | 2.6 | $ | 0.7 | 296.8% | ||||||||||||||
與美國證券交易委員會國內發行人表格10申報以及從不列顛哥倫比亞省到內華達州的美國國內化相關的專業費用 |
$ | - | $ | - | 0.0% | $ | 0.3 | $ | - | 0.0% | ||||||||||||||
基於股份的薪酬和相關溢價 |
$ | 1.3 | $ | 1.3 | 1.7% | $ | 3.0 | $ | 7.5 | -60.0% | ||||||||||||||
調整後 EBITDA |
$ | 1.3 | $ | (0.6) | nmf | $ | 1.9 | $ | (7.5) | nmf | ||||||||||||||
Note to Reader
讀者注意事項
These preliminary, unaudited selected financial results and disclosures contained in this press release are preliminary, based on information available to management as of the date of this press release, remain subject to the completion of normal quarter and year end accounting procedures and adjustments, and are subject to change. Planet 13's independent registered public accounting firm has not completed its review and audit of the results for the quarter and year ended December 31, 2023. Planet 13 undertakes no obligation to update the information in this press release in the event facts or circumstances change after the date of this press release. Planet 13 plans to release its complete financial results for the fourth quarter and full year 2023 on March 13, 2024. A conference call to discuss the results will follow on March 13, 2024 at 6:00 pm EST.
根據截至本新聞稿發佈之日管理層獲得的信息，本新聞稿中包含的這些未經審計的初步財務業績和披露是初步的，仍有待正常的季度和年終會計程序和調整的完成，並可能發生變化。Planet 13的獨立註冊會計師事務所尚未完成對截至2023年12月31日的季度和年度業績的審查和審計。在本新聞稿發佈之日之後，如果事實或情況發生變化，Planet 13沒有義務更新本新聞稿中的信息。Planet 13計劃於2024年3月13日發佈其第四季度和2023年全年的完整財務業績。隨後將在美國東部標準時間2024年3月13日下午6點舉行電話會議，討論結果。
About Planet 13
關於《13號星球》
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，在加利福尼亞州、內華達州、伊利諾伊州以及即將建成的佛羅里達州基地均擁有屢獲殊榮的種植、生產和藥房業務。Planet 13是美國最大的藥房，位於拉斯維加斯大道附近，最近在沃基根開設了第一家伊利諾伊州藥房，爲芝加哥都會區帶來無與倫比的大麻體驗。Planet 13持有佛羅里達州的醫用大麻治療中心許可證，允許在整個陽光州進行全州擴張。Planet 13的使命是建立一個知名的全球品牌，該品牌以世界一流的藥房運營和創新的大麻產品而聞名。在Planet 13運營的州，獲得許可的大麻活動是合法的，但根據美國聯邦法律仍然是非法的。Planet 13的股票在加拿大證券交易所（CSE）上市，股票代碼爲PLTH，並在OTCQX上市，股票代碼爲PLNH。
Cautionary Note Regarding Forward-Looking Information
關於前瞻性信息的警示說明
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.
本新聞稿包含適用證券法所指的前瞻性信息和前瞻性陳述。除歷史事實陳述外，所有陳述均爲前瞻性陳述，通常（但並非總是如此）用諸如此類的短語來標識 “計劃“， “期待“， “提出的“， “可能“， “可以“， “會“， “打算“， “預期“，或 “相信“，或此類單詞和短語的變體。在本新聞稿中，前瞻性陳述與公司有關'2023年第四季度的財務業績和對未來財務業績的預期。此類前瞻性陳述反映了公司管理層認爲或當時認爲的合理假設，因此提醒讀者不要過分依賴此類前瞻性陳述，實際業績可能與此類前瞻性陳述有所不同。這些可能導致實際結果不同的假設、風險和不確定性包括本標題下討論的那些假設、風險和不確定性 “風險因素“ 在公司裏's 截至2022年12月31日止年度的10-K/A表年度報告以及公司任何一部分'隨後在www.sec.gov和SEDAR+上向美國證券交易委員會提交了定期報告，網址爲 。此處包含的前瞻性陳述僅在本新聞稿發佈之日作出，除非法律要求，否則如果任何前瞻性陳述發生變化，我們沒有義務對其進行更新或修改。證券交易所、證券委員會或其他監管機構均未批准或不批准此處包含的信息。
For further inquiries, please contact:
如需進一步查詢，請聯繫：
LodeRock Advisors Inc., Planet 13 Investor Relations
mark.kuindersma@loderockadvisors.com
LodeRock Advisors Inc.，Planet 13
mark.kuindersma@loderockadvisors.com
Robert Groesbeck or Larry Scheffler
Co-Chief Executive Officers
ir@planet13lasvegas.com
羅伯特·格羅斯貝克或拉里·舍弗勒
聯席首席執行官
ir@planet13lasvegas.com
SOURCE: Planet 13 Holdings
來源：Planet 13 控股公司