Planet 13 Holdings is trading 5.11% up at $0.14 after its August 12, 2026, second-quarter results highlighted stronger profitability metrics.
- Revenue reached $22.9 million; gross margin expanded to 53.9% from 43.4%, while the adjusted EBITDA loss narrowed to $0.5 million from $2.4 million.
- The pending Vireo Growth merger remains an important backdrop; the company provided no conference call or specific forward guidance.
- The move appears most closely tied to earnings-related margin improvement and merger positioning.