Planet 13 Holdings Inc C.PLTH

Q4 and Full Year 2021 Financial Results

[Betteryear2]

• Q4 2021 revenue of $29.9 million, up 48% compared to Q4 2020
• Q4 2021 net loss of $5.1 million, compared to net loss of $18.2 million in Q4 2020
• Q4 2021 Adjusted EBITDA [1] of $1.9 million
• Full year 2021 revenue of $119.5 million, up 70% compared to full year 2020
• Full year 2021 net loss of $19.5 million, compared to net loss of $25.0 million in full year 2020
• Full year 2021 Adjusted EBITDA of $16.9 million

All results are reported in United States dollars ($) unless otherwise indicated.

LAS VEGAS, NV / ACCESSWIRE / March 28, 2022 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) (" Planet 13 " or the " Company "), a leading vertically-integrated cannabis company,today announced its financial results for the three-month and twelve-month period ended December 31, 2021. On February 11, 2022, Planet 13's registration statement on Form 10 filed with the U.S. Securities and Exchange Commission became effective and Planet 13 became a U.S. reporting company on such date. As such, Planet 13's financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles ("GAAP").

Planet 13 Announces Q4 and Full Year 2021 Financial Results

[Rotaluceps]

Click on financials above. Put the income statement on a quarterly basis. Their revenue is lower than the previous quarter. The previous quarter was about the same than two quarters ago. Not very good for expansion. Since the cannabis companies all face to some extent the same problem, too much competition, unless the population double, the prospect to make enough profit to grow is not there.