Planet 13 Holdings Inc. (PLNH)

OTC · Common Stock · Agricultural Production-Crops

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Corporate structure

16 entities across 4 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-25 — see the exhibit.

Which other public companies file entities in the same places:

Subsidiaries of Planet 13 Holdings Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
BLC Management Company, LLC (a)	Nevada
BLC NV Food, LLC	Nevada
By The Slice, LLC (b)	Nevada
Club One Three, LLC (inactive)	Nevada
Crossgate Capital U.S. Holdings Corp.	Nevada
LBC CBD, LLC (c)	Nevada
MM Development Company, Inc. (d)	Nevada
Newtonian Principles, Inc. (e)	California
Next Green Wave, LLC	California
ORB13T LLC (inactive)	Nevada
Planet 13 Chicago, LLC	Illinois
Planet 13 Illinois, LLC (f)	Illinois
Planet 13 Real Prop, LLC	Florida
Planet 13 Lifestyles LLC	Nevada
VidaCann, LLC	Florida
Planet 13 Innovations LLC	Nevada

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

2 / 8

FAILReturn on assets positiveROA -42.0%
FAILOperating cash flow positiveOCF -14M
FAILReturn on assets improving-23.1% → -42.0%
PASSCash flow exceeds earningsOCF -14M vs NI -64M
FAILLong-term debt ratio falling0.6% → 0.8% of assets
FAILCurrent ratio improving2.14 → 1.78
FAILNo share dilutionno data
FAILGross margin improving48.2% → 38.6%
PASSAsset turnover improving0.56× → 0.68×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	$119.5M	−$19.5M	−$26.3M	55.2%	—
FY2022	$104.6M	−$49.0M	−$12.9M	45.9%	—
FY2023	$98.5M	−$73.6M	−$20.4M	45.5%	—
FY2024	$116.4M	−$47.8M	−$6.8M	48.2%	—
FY2025	$103.4M	−$63.9M	−$20.8M	38.6%	—

Identity

CIK: 0001813452
LEI: 894500NPM5DJCFDTGY11
FIGI: BBG00LDS3MQ7
SIC: 0100 · Agricultural Production-Crops
Incorporated: NV
Headquarters: LAS VEGAS, NV

Ownership

Institutional: 0.5%
Institutions: 6
Insiders: 28.2%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other agricultural production-crops companies

Planet 13 Holdings Inc. files under SIC 100 — all 7 agricultural production-crops companies compared on assets and F-score.

Corteva, Inc.CTVA Green Thumb Industries Inc.GTBIF Verano Holdings Corp.VRNO TerrAscend Corp.TSNDF Village Farms International, Inc.VFF iANTHUS CAPITAL HOLDINGS, INC.ITHUF

Questions about Planet 13 Holdings Inc.

How many subsidiaries does Planet 13 Holdings Inc. file with the SEC?: 16, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Nevada, California, Illinois, Florida). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Planet 13 Holdings Inc. financially healthy?: Planet 13 Holdings Inc. scores 2 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

16 entities across 4 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-25 — see the exhibit.

Which other public companies file entities in the same places:

Nevada10 California2 Illinois2 Florida2

Entity

Jurisdiction

Note

BLC Management Company, LLC (a)

Nevada

BLC NV Food, LLC

Nevada

By The Slice, LLC (b)

Nevada

Club One Three, LLC (inactive)

Nevada

Crossgate Capital U.S. Holdings Corp.

Nevada

LBC CBD, LLC (c)

Nevada

MM Development Company, Inc. (d)

Nevada

Newtonian Principles, Inc. (e)

California

Next Green Wave, LLC

California

ORB13T LLC (inactive)

Nevada

Planet 13 Chicago, LLC

Illinois

Planet 13 Illinois, LLC (f)

Illinois

Planet 13 Real Prop, LLC

Florida

Planet 13 Lifestyles LLC

Nevada

VidaCann, LLC

Florida

Planet 13 Innovations LLC

Nevada

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

2 / 8

FAILReturn on assets positiveROA -42.0%
FAILOperating cash flow positiveOCF -14M
FAILReturn on assets improving-23.1% → -42.0%
PASSCash flow exceeds earningsOCF -14M vs NI -64M
FAILLong-term debt ratio falling0.6% → 0.8% of assets
FAILCurrent ratio improving2.14 → 1.78
FAILNo share dilutionno data
FAILGross margin improving48.2% → 38.6%
PASSAsset turnover improving0.56× → 0.68×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2021

$119.5M

−$19.5M

−$26.3M

55.2%

—

FY2022

$104.6M

−$49.0M

−$12.9M

45.9%

—

FY2023

$98.5M

−$73.6M

−$20.4M

45.5%

—

FY2024

$116.4M

−$47.8M

−$6.8M

48.2%

—

FY2025

$103.4M

−$63.9M

−$20.8M

38.6%

—

Questions about Planet 13 Holdings Inc.

How many subsidiaries does Planet 13 Holdings Inc. file with the SEC?

16, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (Nevada, California, Illinois, Florida). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Planet 13 Holdings Inc. financially healthy?

Planet 13 Holdings Inc. scores 2 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.