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 $1.3 million
- 2023 年第四季度收入爲 2300 萬美元
- 2023年第四季度淨虧損爲1,430萬美元，其中包括720萬美元的非現金減值虧損
- 2023 年第四季度調整後的息稅折舊攤銷前利潤爲 130 萬美元
All results are reported in United States dollars ($) unless otherwise indicated.
除非另有說明，所有結果均以美元 ($) 報告。
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").
內華達州拉斯維加斯/ACCESSWIRE/2024年3月13日/領先的垂直整合大麻公司Planet 13 Holdings Inc.（CSE: PLTH）（OTCQX: PLNH）（“Planet 13” 或 “公司”）今天公佈了截至2023年12月31日的三個月零十二個月期間的財務業績。Planet 13的財務報表是根據美國公認會計原則（“GAAP”）編制的。
"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.
“在最近的挑戰、經濟的不確定性和大麻價格的持續壓力中，我很高興地宣佈季度表現強勁。在毛利率的擴大和有效的成本管理的推動下，穩健的收入和正的調整後息稅折舊攤銷前利潤突顯了我們的業績。Planet 13聯席首席執行官拉里·舍弗勒表示，我們佔內華達州約9％的零售市場份額，並在每個類別中都擁有頂級品牌，這凸顯了我們在內華達州的業務彈性和品牌吸引力。
"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.
“我們最近採取了果斷行動，鞏固了我們的資產負債表，並通過收購VidaCann爲公司的增長做好了準備。Planet 13聯合首席執行官鮑勃·格羅斯貝克評論說，鑑於佛羅里達州成人使用的潛力，我們現在完全有能力抓住這個巨大機遇的全部好處。
Financial Highlights - Q4 - 2023
財務摘要-2023 年第四季度
Operating Results
經營業績
All comparisons below are to the quarter ended December 31, 2022, unless otherwise noted
除非另有說明，否則以下所有比較均爲截至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.
- 收入爲2300萬美元，而收入爲2480萬美元，下降7.5％。收入下降是由SuperStore銷售額下降和內華達州批發收入下降所推動的。
- 毛利爲1,100萬美元，佔47.8％，而毛利爲1,070萬美元，增長43.0％。毛利率的提高是由零售產品折扣的減少推動的。
- 與4,590萬美元相比，運營支出爲1,810萬美元，下降了60.5％
- 淨虧損爲1,430萬美元，而淨虧損爲4,920萬美元
- 調整後的息稅折舊攤銷前利潤爲130萬美元，而調整後的息稅折舊攤銷前利潤虧損爲60萬美元。調整後的息稅折舊攤銷前利潤率有所提高，這要歸因於更好的毛利率表現和強有力的成本控制。
Financial Highlights - Full Year 2023
財務摘要-2023 年全年
Operating Results
經營業績
All comparisons below are to the full year ended December 31, 2022, unless otherwise noted
除非另有說明，否則以下所有比較均與截至2022年12月31日的全年比較
- 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.
- 收入爲9,850萬美元，而收入爲1.046億美元，下降了5.8％。收入下降是由SuperStore銷售額下降和內華達州批發收入下降所推動的。
- 毛利爲4,480萬美元，佔45.5％，而毛利爲4,800萬美元，增長45.9％。由於縱向整合的加強和強有力的成本控制抵消了價格壓縮，毛利率基本持平。
- 總支出爲1.059億美元，而支出爲9,670萬美元，增長了9.5％。這包括一次性非現金減值4,680萬美元。不計減值，總支出爲5,910萬美元。
- 淨虧損爲7,360萬美元，而淨虧損爲5,960萬美元。淨虧損的增加是由一次性4,680萬美元的減值費用推動的。
- 調整後的息稅折舊攤銷前利潤爲140萬美元，而調整後的息稅折舊攤銷前利潤虧損爲750萬美元。
Balance Sheet
資產負債表
All comparisons below are to December 31, 2022, unless otherwise noted
除非另有說明，否則以下所有比較均與 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
- 現金爲1,730萬美元，而現金爲3,880萬美元
- 總資產爲1.517億美元，相比之下爲2.201億美元
- 負債總額爲4,410萬美元，而負債總額爲4,270萬美元
Q4 Highlights and Recent Developments
第四季度亮點和最新進展
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").
要更全面地了解這些亮點和最近的事態發展，請參閱 Planet 13 管理層對截至2023年12月31日的三個月和十二個月的財務狀況和經營業績的討論和分析 （“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 公佈了 Dazed 的計劃！消費休息室。
- 2023 年 11 月 14 日，Planet 13 簽訂了和解協議。
- 2023年11月17日，Planet 13提供了有關某些現金賬戶的最新信息。
- 2023 年 12 月 4 日，Planet 13 在伊利諾伊州沃基根開設了藥房。
- 2023 年 12 月 11 日，Planet 13 宣佈在 SuperStore 開設新景點 Koolsville Tattoo。
- 2024年1月22日，Planet 13簽訂了出售其在佛羅里達州冗餘的醫用大麻治療中心許可證的最終協議。
- 2024 年 2 月 8 日，Planet 13 宣佈擴大領導團隊和董事會。
- 2024年3月4日，Planet 13宣佈開始承銷公開發行單位。
- 2024年3月7日，Planet 13結束了先前宣佈的單位公開發行。
Results of Operations (Summary)
運營結果（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日的三個月和全年期間的合併財務信息報表。
(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% | $ | 95.2 | $ | 80.9 | 17.7% | |||||||||
運營費用百分比 |
79% | 185% | 97% | 77% | 24.9% | ||||||||||||||
所得稅準備金前的淨虧損 |
$ | (10.3) | $ | (48.3) | -78.7% | $ | (62.1) | $ | (50.8) | 22.2% | |||||||||
淨虧損 |
$ | (14.3) | $ | (49.2) | -71.0% | $ | (73.6) | $ | (59.5) | 23.6% | |||||||||
調整後 EBITDA |
$ | 1.3 | $ | (0.6) | -329.6% | $ | 1.4 | $ | (7.5) | -119.2% | |||||||||
調整後的息稅折舊攤銷前利潤率% |
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表年度報告可在美國證券交易委員會的網站上查閱 www.sec.gov 或者在 。公司年度管理層討論與分析以及隨附的財務報表和附註可在SEDAR+的公司簡介下及其網站上查閱 。
This news release is not in any way a substitute for reading those financial statements, including the notes to the financial statements.
本新聞稿絕不能取代閱讀這些財務報表，包括財務報表附註。
Conference Call
電話會議
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，討論其第四季度和全年財務業績，併爲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. 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 | 時間：美國東部標準時間下午 6:00
參與者撥入：免費電話 888-506-0062 或國際 973-528-0011。接入碼：815562
重播撥入：免費電話 877-481-4010 或國際 919-882-2331。重播密碼：50013
收聽網絡直播：
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非替代品。該公司之所以包括息稅折舊攤銷前利潤和調整後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業績的手段。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 |
|||||||||||||||||||
(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% | |||||||||
非公認會計准則調整後息稅折舊攤銷前利潤的對賬 |
|||||||||||||||||||
（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) | -63.1% | $ | (73.6) | $ | (59.5) | 23.6% | |||||||||
增加以下方面的影響： |
|||||||||||||||||||
利息支出 |
$ | (0.1) | $ | (0.0) | 639.2% | $ | (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) | $ | (34.2) | -78.2% | $ | (50.8) | $ | (40.7) | 24.7% | |||||||||
商譽和其他無形資產的減值 |
$ | 7.2 | $ | 32.8 | $ | 46.8 | $ | 32.8 | |||||||||||
售後回租的收益 |
$ | - | $ | (0.5) | $ | - | $ | (0.5) | |||||||||||
認股權證公允價值的變化 |
$ | - | $ | (0.2) | -100.0% | $ | (0.0) | $ | (7.2) | -99.7% | |||||||||
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% | $ | 2.5 | $ | 7.5 | -66.2% | |||||||||
調整後 EBITDA |
$ | 1.3 | $ | (0.6) | -329.6% | $ | 1.4 | $ | (7.5) | -119.2% | |||||||||
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'隨後向美國證券交易委員會提交的定期報告是 www.sec.gov 然後在 SEDAR+ 上 。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
Bob Groesbeck and Larry Scheffler
Co-Chief Executive Officers
ir@planet13lasvegas.com
鮑勃·格羅斯貝克和拉里·舍弗勒
聯席首席執行官
ir@planet13lasvegas.com
PLANET 13 HOLDINGS INC.
Interim Condensed Consolidated Balance Sheets
(In United States Dollars)
PLANET 13 控股公司
中期簡明合併資產負債表
（以美元計）
| 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 | |||||||
資產 |
||||||||
流動資產： |
||||||||
現金 |
$ | 11,831,008 | $ | 38,789,604 | ||||
限制性現金 |
5,450,584 | - | ||||||
應收賬款 |
1,195,927 | 1,326,795 | ||||||
庫存 |
15,760,648 | 13,004,839 | ||||||
持有待售資產 |
9,000,000 | - | ||||||
預付費用和其他流動資產 |
4,072,820 | 3,810,394 | ||||||
流動資產總額 |
47,310,987 | 56,931,632 | ||||||
財產和設備 |
67,551,697 | 71,466,051 | ||||||
無形資產和商譽 |
15,253,797 | 69,288,007 | ||||||
使用權資產-運營 |
20,054,369 | 21,168,171 | ||||||
長期存款和其他資產 |
869,853 | 862,545 | ||||||
遞延所得稅資產 |
706,038 | 346,257 | ||||||
總資產 |
$ | 151,746,741 | $ | 220,062,663 | ||||
負債和股東權益 |
||||||||
負債 |
||||||||
當前： |
||||||||
應付賬款 |
$ | 2,850,922 | $ | 3,112,820 | ||||
應計費用 |
6,097,641 | 8,072,224 | ||||||
應付所得稅 |
4,782,538 | 2,826,501 | ||||||
應付票據-流動部分 |
884,000 | 884,000 | ||||||
經營租賃負債 |
674,594 | 479,161 | ||||||
流動負債總額 |
15,289,695 | 15,374,706 | ||||||
長期負債： |
||||||||
經營租賃負債 |
25,271,706 | 25,833,071 | ||||||
認股權證責任 |
- | 18,127 | ||||||
其他長期負債 |
33,000 | 28,000 | ||||||
遞延所得稅負債 |
3,511,559 | 1,487,204 | ||||||
負債總額 |
44,105,960 | 42,741,108 | ||||||
股東權益 |
||||||||
普通股，無面值，授權15億股，截至2023年12月31日已發行和流通223,317,270股，截至2022年12月31日已發行和流通220,470,061股 |
- | - | ||||||
優先股，無面值，已授權5000萬股，截至2023年12月31日已發行和流通0股，截至2022年12月31日爲0股 |
- | - | ||||||
額外的實收資本 |
315,951,343 | 312,023,359 | ||||||
赤字 |
(208,310,562) | (134,701,804) | ||||||
股東權益總額 |
107,640,781 | 177,321,555 | ||||||
負債總額和股東權益 |
$ | 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
中期簡明合併運營報表和綜合虧損報表
（以美元計，股份金額除外）
| 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 | |||||||
扣除折扣後的收入 |
$ | 98,505,170 | $ | 104,574,377 | ||||
銷售商品的成本 |
(53,682,026) | (56,599,623) | ||||||
毛利 |
44,823,144 | 47,974,754 | ||||||
費用： |
||||||||
一般和行政 |
42,421,172 | 49,395,500 | ||||||
銷售和營銷 |
5,368,473 | 3,504,309 | ||||||
租賃費用 |
3,105,996 | 2,744,532 | ||||||
減值損失 |
46,846,866 | 32,750,466 | ||||||
折舊和攤銷 |
8,180,465 | 8,337,476 | ||||||
支出總額 |
105,922,972 | 96,732,283 | ||||||
運營損失 |
(61,099,828) | (48,757,529) | ||||||
其他收入（費用）： |
||||||||
利息收入（支出），淨額 |
195,722 | 189,473 | ||||||
外匯收益（虧損） |
3,653 | (25,528) | ||||||
認股權證負債公允價值的變化 |
18,127 | 7,177,805 | ||||||
售後回租收益 |
- | 509,392 | ||||||
爲被盜資金提供經費 |
(2,000,000) | (10,300,000) | ||||||
其他收入，淨額 |
807,023 | 413,029 | ||||||
其他收入總額（支出） |
(975,475) | (2,035,829) | ||||||
所得稅準備金前的虧損 |
(62,075,303) | (50,793,358) | ||||||
所得稅準備金 |
||||||||
當期稅收支出 |
(9,868,881) | (10,672,538) | ||||||
遞延稅收回收 |
(1,664,574) | 1,920,177 | ||||||
| (11,533,455) | (8,752,361) | |||||||
淨虧損和綜合虧損 |
$ | (73,608,758) | $ | (59,545,719) | ||||
每股虧損 |
||||||||
每股基本虧損和攤薄後虧損 |
$ | (0.33) | $ | (0.27) | ||||
普通股的加權平均數 |
||||||||
基本款和稀釋版 |
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
中期簡明合併現金流量表
（以美元計）
| 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（用於）經營活動提供的現金 |
||||||||
淨虧損 |
$ | (73,608,758) | $ | (59,545,719) | ||||
對不涉及現金的項目的調整： |
||||||||
基於股份的薪酬 |
2,520,407 | 7,459,267 | ||||||
非現金租賃費用 |
4,974,644 | 4,737,162 | ||||||
折舊 |
12,147,052 | 11,258,697 | ||||||
無形資產的攤銷 |
- | 372,222 | ||||||
認股權證負債公允價值的變化 |
(18,127) | (7,177,805) | ||||||
認股權證責任折算收益 |
- | (10,117) | ||||||
遞延稅收回收 |
2,024,355 | (1,736,724) | ||||||
租賃激勵的收益 |
- | 1100,000 | ||||||
租賃激勵攤銷 |
(109,902) | (239,133) | ||||||
商譽減值 |
- | 25,802,688 | ||||||
無形資產減值 |
46,846,866 | 6,947,778 | ||||||
售後回租收益 |
- | (509,392) | ||||||
爲SDC結算而發行的股票 |
728,700 | - | ||||||
處置財產和設備損失 |
180,177 | 70,601 | ||||||
| (4,314,586) | (11,470,475) | |||||||
非現金營運資金項目的淨變化 |
(3,589,711) | 8,273,643 | ||||||
償還租賃負債 |
(4,141,221) | (3,566,817) | ||||||
運營總額 |
(12,045,518) | (6,763,649) | ||||||
籌資活動 |
||||||||
行使認股權證和期權的收益 |
- | 1,142,238 | ||||||
代替股票發行而繳納的稅款-RSU |
(267,529) | |||||||
融資總額 |
(267,529) | 1,142,238 | ||||||
投資活動 |
||||||||
購買不動產、廠房和設備 |
(8,393,593) | (16,674,704) | ||||||
出售固定資產的收益 |
64,878 | - | ||||||
通過收購 NGW 獲得的淨現金 |
- | 1,479,134 | ||||||
購買許可證 |
(866,250) | - | ||||||
出售/回租的收益 |
- | 1,049,633 | ||||||
購買域名 |
- | (30,000) | ||||||
投資總額 |
(9,194,965) | (14,175,937) | ||||||
年內現金的淨變化 |
(21,508,012) | (19,797,348) | ||||||
現金和限制性現金 |
||||||||
年初 |
38,789,604 | 58,586,952 | ||||||
年底 |
$ | 17,281,592 | $ | 38,789,604 | ||||
SOURCE: Planet 13 Holdings
來源：Planet 13 控股公司
