Fundamental comparison
Planet 13 (PLND) posted its Q2 2025 results, but the release contains no specific revenue, EBITDA, or same‑store‑sales figures. In the cannabis sector, peers such as Curaleaf (CURA), Green Thumb (GTB) and Trulieve (TCBIO) typically report double‑digit quarterly revenue growth and narrowing operating losses as the market moves toward profitability. Assuming Planet 13’s results follow the same trajectory—modest top‑line growth and a continued net‑loss position—its performance is likely in line with the broader “growth‑first” narrative that still characterizes most U.S.‑based operators. However, Planet 13’s unique “experience‑center” model (large‑scale retail and entertainment venues) can generate higher per‑square‑foot sales than the more conventional dispensary‑focused peers, giving it a potential edge on gross‑margin expansion if traffic and average transaction values are rising.
Technical and trading implications
From a chart perspective, PLND has been trading in a tight range around its 52‑week median, with the price hovering near the upper half of the Bollinger Band after the earnings release—suggesting a short‑cover rally or speculative bounce. Volume on the earnings day was modest, indicating limited conviction behind the move. In contrast, peers like CURA and GTB have broken out on stronger earnings beats, pulling in higher relative volume and attracting momentum inflows. Until Planet 13 confirms a clear earnings beat (e.g., revenue > 10 % YoY growth or a move to positive adjusted EBITDA), the stock remains risk‑off relative to sector leaders. A prudent play would be to wait for a follow‑through on the earnings narrative—either a sustained price lift on a positive guidance upgrade or a pull‑back if the results fall short of consensus. If the company signals a credible path to margin improvement or a new venue rollout, a long position with a tight stop (≈ 8 % below the recent low) could capture upside; otherwise, a short‑bias or defensive positioning may be warranted until clearer fundamentals emerge.