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Planet 13 Holdings, Inc.: Business Overview, Financials & Competitive Analysis

Planet 13 Holdings, Inc. scores 7/10 on the AskCyborg Cyborg Score (Strong). Vertically integrated multi-state operator with unique entertainment-retail model, positive unit economics, and expansion potential in large markets. In 2022, Planet 13 generated positive cashflow amongst a sea of unprofitable cannabis companies. The company operates flagship entertainment-focused dispensaries and is expanding geographically with significant growth potential in emerging markets.

What is Planet 13 Holdings, Inc.'s industry? Planet 13 Holdings, Inc. (planet13.com) operates in Cannabis Cultivation, Production & Retail (Legal Cannabis / Multi-State Operator). AskCyborg classifies Planet 13 Holdings, Inc. under Cannabis Cultivation, Production & Retail (Legal Cannabis / Multi-State Operator) in its company registry.

Planet 13 Holdings cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States. The company is a differentiated retailer and leader in the cannabis indus...

7/ 10Strong

Cyborg Score thesis

Vertically integrated multi-state operator with unique entertainment-retail model, positive unit economics, and expansion...

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Industry Cannabis Cultivation, Production & Retail (Legal Cannabis / Multi-State Operator)
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 12, 2026
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What's in This Report
Planet 13 Holdings, Inc. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Planet 13 Holdings, Inc. Overview

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Planet 13 Holdings cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States. The company is a differentiated retailer and leader in the cannabis industry, transforming the way consumers buy and interact with cannabis by pairing quality products with out-of-this-world shopping and entertainment experiences.

Strategic Profile

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Planet 13 is a vertically integrated cannabis company with cultivation, production and dispensary operations across locations in Nevada, Illinois, and Florida. It has a clean balance sheet with no debt and strong growth prospects.

Competitive Landscape

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Planet 13 competes against other multi-state cannabis operators (MSOs) like Trulieve, Curaleaf, and Verano. The company's competitive advantage rests on its entertainment-integrated retail model, vertical integration efficiency, and profitability positioning it against typically unprofitable peers in the nascent legal cannabis market.

Industry Context

Planet 13 Holdings, Inc. operates in Cannabis Cultivation, Production & Retail (Legal Cannabis / Multi-State Operator).

Key facts

Headquarters: Las Vegas, Nevada

What the analysts stress-tested

The top findings that survived the multi-agent debate for Planet 13 Holdings, Inc..

  • Only cannabis operator claiming profitability and positive cashflow in otherwise unprofitable sector
  • Entertainment-focused dispensary model differentiates from competitors and drives foot traffic
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Recent developments

Material events tracked by the AskCyborg corpus.

  • August 2025Investor relations page confirms ongoing operations in Nevada, Illinois, and California with Florida expansion underway
  • RecentVidaCann acquisition announced bringing 26 dispensaries to Florida for total of 30 locations in state
  • +1 moreTrack every material event for Planet 13 Holdings, Inc. as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Trulieve CannabisLargest U.S. cannabis retailer with broad MSO presence→CuraleafMulti-state operator with largest retail footprint→Verano HoldingsVertically integrated MSO with cultivation and retail→

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Industry context

Planet 13 Holdings, Inc. operates in Cannabis Cultivation, Production & Retail (Legal Cannabis / Multi-State Operator). See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Planet 13 Holdings, Inc. do?+
Planet 13 Holdings cultivates and provides cannabis and cannabis-infused products for medical and retail cannabis markets in the United States. The company is a differentiated retailer and leader in the cannabis indus...
What is Planet 13 Holdings, Inc.'s Cyborg Score?+
Planet 13 Holdings, Inc. has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Planet 13 Holdings, Inc.'s main competitors?+
Named competitors include Trulieve Cannabis, Curaleaf, Verano Holdings. The full competitive landscape is in the AskCyborg report.
How can I get the full Planet 13 Holdings, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Planet 13 Holdings, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Cannabis Cultivation research

Companies in the same sector and named competitors, ranked by Cyborg Score.

7SNDL Inc.6Glass House Brands Inc.5Curaleaf Holdings, Inc.5Verano Holdings Corp.4Cresco Labs Inc.4MariMed Inc.4TerrAscend Corp.4The Cannabist Company Holdings Inc.