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Planet 13 Holdings Inc C.PLTH

Alternate Symbol(s):  PLNH

Healthcare
Planet 13 Holdings Inc. is a vertically integrated cultivator and provider of cannabis and cannabis-infused products in the States of Nevada, California, Florida and Illinois. The Company owns and manufactures cannabis products under various brands, including HaHa (gummies and beverages), Dreamland (chocolates), TRENDI (vapes and concentrates), Medizin (flower, vapes, concentrates), and Leaf and Vine (vapes). Through its subsidiaries in Nevada, it holds six licenses for cultivation (three medical and three adult-use), six Nevada production licenses (three medical and three adult-use), three Nevada dispensary licenses (one medical and two adult-use), one Nevada distribution license, one California adult-use dispensary license, two California distribution license, one California adult-use manufacturer license, and one Illinois conditional adult-use dispensary license.


CSE:PLTH - Post by User

Planet 13 Holdings Inc
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Post by daddyMac9on Aug 30, 2019 1:20pm
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Post# 30083853

Anyone understand the income tax entry?

Anyone understand the income tax entry?PLTH is profitable before tax but their income tax expense pushes them to a loss.  The MDA says "US Federal tax legislation denies the deduction of certain expenditures that would otherwise be available to non-cannabis businesses".  It also refers to note 18 of the Dec YE for further detail but that isn't any more clear.
Thanks
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