Earnings Call Insights: Planet 13 Holdings Inc. (PLNH) Q1 2026 Management View "Q1 was a transition quarter that reflected the cost of the strategic repositioning we've executed over the past several quarters in quest for better cash flow with the benefit beginning to show up in our April results," said (Co-Chairman & Co-CEO Larry Scheffler). (Co-Chairman & Co-CEO Scheffler) said the Las Vegas Sup...
Earnings Call Insights: Planet 13 Holdings Inc. (PLNH) Q1 2026 Management View "Q1 was a transition quarter that reflected the cost of the strategic repositioning we've executed over the past several quarters in quest for better cash flow with the benefit beginning to show up in our April results," said (Co-Chairman & Co-CEO Larry Scheffler). (Co-Chairman & Co-CEO Scheffler) said the Las Vegas SuperStore environment showed "early signs of stabilization" but added that "the broader market remains approximately 7% below the 2024 levels," while "continued illicit market activity" and "cannabis specific" pressures persisted versus "the hemp operators on the strip." (Co-Chairman & Co-CEO Scheffler) said Clark County "passed an ordinance in March, implementing stricter regulations on intoxicating hemp products with an effective date in mid-July," and added that "the federal hemp restrictions taking effect in November" should address what he called "a structural competitive imbalance" in Las Vegas. (Interim Chief Financial Officer Steve McLean) framed Q1 as transitional, saying, "In Q1, Planet 13 generated $21.1 million in total revenue compared to $25.2 million in Q4," and that the change was "almost entirely explained" by "the California divestiture" and "the absence of the Florida loyalty accrual benefit recognized in Q4." (Co-Chairman & Co-CEO Robert Groesbeck) said the federal shift was central to the quarter’s narrative: "On April 22, the acting Attorney General signed a final order rescheduling medical marijuana from Schedule I to Schedule III of the Controlled Substances Act," calling it "a direct immediate and material change" for Planet 13. Outlook (Co-Chairman & Co-CEO Groesbeck) described the company’s planning assumptions, saying, "Q2 will be the first quarter that reflects a repositioned company operating without transition costs," and added, "our 2026 outlook does not depend on a recovery in tourism." (Co-Chairman & Co-CEO Scheffler) pointed to Q2 early-quar...
Philippine Senator Ronald dela Rosa called on the public to step in to prevent law enforcement agents from handing him over to the International Criminal Court as the sound of gunfire rattled through the Senate building on Wednesday evening. Dela Rosa stands accused by the ICC of crimes against humanity related to the war on drugs he oversaw while serving as police chief under then-president Ro...
Philippine Senator Ronald dela Rosa called on the public to step in to prevent law enforcement agents from handing him over to the International Criminal Court as the sound of gunfire rattled through the Senate building on Wednesday evening. Dela Rosa stands accused by the ICC of crimes against humanity related to the war on drugs he oversaw while serving as police chief under then-president Rodrigo Duterte. Dela Rosa, 64, has denied involvement in illegal killings. Duterte, in office from...
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