Planet 13

What it is

Planet 13 Holdings Inc. is a publicly traded cannabis company headquartered in Las Vegas, Nevada. Its primary asset is the Planet 13 Las Vegas Superstore, a large retail and entertainment complex located near the Las Vegas Strip ^[1]. The parent company trades on the Canadian Securities Exchange under the ticker PLTH and on the OTCQX in the United States under PLNH ^[2].

The company operates cultivation, production, and retail facilities in Nevada and has expanded into California and Florida. Like all US-based cannabis companies, Planet 13 is listed in Canada rather than on a major US exchange because cannabis remains federally illegal in the United States ^[2].

Store counts, license status, and operational footprint change frequently. Before relying on any current claim, verify through the company's most recent investor filings and the relevant state regulator.

Ownership and corporate structure

Planet 13 Holdings Inc. is the publicly traded parent company. It was co-founded by Robert Groesbeck and Larry Scheffler, who have served as co-CEOs ^[1]. As a reporting issuer, the company files financial statements and material change reports through SEDAR+ (Canada) and discloses through OTC Markets (United States) ^[2].

Because US cannabis remains federally prohibited, public companies in this sector list in Canada rather than on NASDAQ or NYSE—a standard structure for multi-state operators. This means regulatory oversight comes from Canadian securities law and US OTC rules, not the SEC ^[2].

Anyone evaluating ownership, debt, insider holdings, or executive compensation should read the company's filings directly at SEDAR+ rather than rely on brand marketing materials.

Market focus and operations

Planet 13's primary business is adult-use cannabis retail in licensed US markets. The Las Vegas superstore serves both local consumers and tourists, leveraging proximity to the Strip and Nevada's adult-use legality ^[1].

The company is also engaged in cultivation, production, and wholesale distribution of in-house branded products where state law permits. Because US cannabis is federally prohibited, each state market is siloed—there is no national "chain." Instead, a multi-state operator holds separate licenses in each state, and each location operates under distinct state rules, testing requirements, packaging laws, and potency limits ^[3].

Expansion into new markets occurs through acquisitions, license applications, or retail partnerships, all of which depend on state approval and competitive bidding in some jurisdictions.

Notable products and services

This section describes categories Planet 13 has publicly marketed; it is not a recommendation.

Las Vegas Superstore experience: The flagship location includes a large dispensary floor, cultivation viewing windows, food and beverage concessions, and event space ^[1].

In-house brands: The company has marketed flower, concentrates, edibles, and vape products under house labels such as Trendi, Medizin, and Leaf & Vine; product lineup and availability vary by location and over time.

Online ordering and delivery: Where permitted, Planet 13 offers online menus and delivery within defined service zones.

Product testing, potency labeling, and safety compliance are governed by the state in which a product is sold. Always check the certificate of analysis (COA) for the specific batch you are considering.

Business reputation and coverage

Planet 13 has received substantial coverage in business and cannabis trade press, much of it focused on the Las Vegas superstore's tourist draw and the company's visibility as one of the more prominent publicly traded US cannabis operators ^[1].

Coverage has been mixed. Some outlets have highlighted strong foot traffic and market positioning, while others have reported on challenges common to US multi-state operators: operating losses in certain periods, share price volatility (including declines from the 2020–2021 cannabis stock rally), and the structural difficulty of achieving profitability across multiple siloed state markets. Weak / limited

Industry awards in cannabis (such as Cannabis Cup placements or 'best of' trade-show recognitions) are common across operators of this scale and are not independent quality certifications. Treat "award-winning" claims by asking who gave the award and on what basis. Weak / limited

Regulatory status and legal constraints

As a publicly traded operator, Planet 13's risk factors and financial performance are disclosed in its own filings ^[2]. Key points to verify yourself:

Federal status: Cannabis remains a Schedule I controlled substance under US federal law, creating ongoing banking, tax (IRC §280E), and regulatory listing constraints for all US cannabis companies, including Planet 13 ^[3][4].

State licensing: Cannabis licenses are issued by state regulators and can be suspended, modified, or revoked. Verify current license status with the Nevada Cannabis Compliance Board or the relevant state regulator before assuming any location is open or operating ^[5].

Financial performance: Like many US cannabis operators, Planet 13 has reported operating losses in some periods. Read the most recent quarterly or annual filing to understand current financial position.

This profile is not aware of any specific regulatory finding of wrongdoing against Planet 13. Absence of mention is not evidence of absence; check current news and regulator records.

Availability and legal market status

Planet 13 operates only in legal, state-regulated US cannabis markets where it holds licenses. It does not, and legally cannot, ship cannabis across state lines or operate outside licensed jurisdictions ^[3][4].

Any website or social media account claiming to sell and mail Planet 13 cannabis products nationally or internationally should be treated as suspect. Verify through the company's official domains (planet13holdings.com and planet13lasvegas.com) and the local state regulator ^[5].

Cannabis purchased from unlicensed sources carries unknown quality, potency, contamination, and legal risks.

What to verify before relying on claims

Before treating any Planet 13 marketing claim as fact:

1. Current store locations and license status: Check the Nevada Cannabis Compliance Board or the regulator in your state ^[5].
2. Financial and operational claims: Read the company's most recent SEDAR+ or OTC Markets filing ^[2].
3. Product testing: Always check the COA printed on or linked from the package label.
4. Superlatives ('largest,' 'first,' 'award-winning'): Verify the original source, date, and criteria. Such claims age quickly in a fast-moving industry. No data
5. Multi-state expansion announcements: Confirmed acquisition or license-application news should appear in official company filings and state regulator announcements, not marketing alone.

Profile last verified: October 2026.

Sources

How this page was made

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