Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant ’ s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
The Common Stock is listed and posted for trading on the CSE under the symbol “PLTH” and quoted on the OTCQX under the symbol “PLNH.” The Common Stock commenced trading on the CSE effective June 21, 2018.
The following table indicates the high and low values with respect to trading activity for the Common Stock on the CSE for the periods indicated below (source: www.thecse.com and www.finance.yahoo.com ).
Low Trading
High Trading
Period Ended
Price (C$)
Price (C$)
Fourth Quarter Ended December 31, 2023
0.69
1.28
Third Quarter Ended September 30, 2023
0.63
1.64
Second Quarter Ended June 30, 2023
0.67
1.10
First Quarter Ended March 31, 2023
0.85
1.38
Fourth Quarter Ended December 31, 2022
0.83
2.38
Third Quarter Ended September 30, 2022
1.42
2.62
Second Quarter Ended June 30, 2022
1.46
3.42
First Quarter Ended March 31, 2022
2.40
4.40
The following table indicates the high and low values with respect to trading activity for the Common Stock on the OTCQX for the periods indicated below (source: www.otcmarkets.com ). Any over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down, or commission and may not necessarily represent actual transactions.
Low Trading
High Trading
Period Ended
Price (US$)
Price (US$)
Fourth Quarter Ended December 31, 2023
0.50
0.93
Third Quarter Ended September 30, 2023
0.45
1.20
Second Quarter Ended June 30, 2023
0.52
0.82
First Quarter Ended March 31, 2023
0.61
1.05
Fourth Quarter Ended December 31, 2022
0.60
1.74
Third Quarter Ended September 30, 2022
1.03
2.12
Second Quarter Ended June 30, 2022
1.13
2.74
First Quarter Ended March 31, 2022
1.88
3.51
Shareholders
As of March 13, 2024, there were 260 holders of record of Common Stock and no holders of record of Restricted Voting Shares.
Dividends
We have not paid dividends since the completion of the Business Combination and currently intend to reinvest all future earnings to finance the development and growth of our business. As a result, we do not intend to pay dividends on the Common Stock or any Restricted Voting Shares in the foreseeable future. Any future determination to pay distributions will be at the discretion of the Board and will depend on the financial condition, business environment, operating results, capital requirements, any contractual restrictions on the payment of distributions and any other factors that the Board deems relevant. We are not bound or limited in any way to pay dividends in the event that the Board determined that a dividend was in the best interest of our shareholders.
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Recent Sales of Unregistered Securities
During the year ended December 31, 2023, we had the following issuance of unregistered securities:
●
On February 7, 2023, we issued 1,063,377 Common Shares to Frank Cowan, IV pursuant to our exercise of an option to purchase his 51% membership interest in Planet 13 Illinois LLC. We did not receive any cash proceeds from the issuance. The Common Shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act.
●
On November 14, 2024, pursuant to a settlement agreement, we issued 1,000,000 shares of common stock and paid $300,000 in consideration for settlement of claims advanced by the SDC parties against Next Green Wave Holdings, Inc. As a result of our acquisition of Next Green Wave Holdings inc. on March 2, 2022, we assumed all the liabilities of Next Green Wave Holdings Inc.
Item 6. [Reserved].