Planet 13 (PLNH) 10-Q 8 Nov 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 08, 2023
Document Information [Line Items]
Entity Central Index Key	0001813452
Entity Registrant Name	Planet 13 Holdings Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	000-56374
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	83-2787199
Entity Address, Address Line One	2548 West Desert Inn Road, Suite 100
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89109
City Area Code	702
Local Phone Number	815-1313
Title of 12(g) Security	Common Stock
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		222,247,854

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash	$ 36,773,666	$ 52,356,914
Accounts Receivable	1,220,209	1,326,795
Inventory	14,882,790	13,004,839
Prepaid Expenses and Other Current Assets	3,189,576	3,810,394
Total Current Assets	56,066,241	70,498,942
Property and Equipment	68,259,905	71,466,051
Intangible Assets	31,451,215	69,288,007
Right of Use Assets - Operating	21,418,730	21,168,171
Long-term Deposits and Other Assets	832,853	862,545
Deferred Tax Asset	350,001	346,257
TOTAL ASSETS	178,378,945	233,629,973
Current:
Accounts Payable	2,709,208	3,112,820
Accrued Expenses	6,318,105	8,072,224
Income Taxes Payable	2,855,316	2,826,501
Notes Payable - Current Portion	884,000	884,000
Operating Lease Liabilities	580,142	479,161
Total Current Liabilities	13,346,771	15,374,706
Long-Term Liabilities:
Operating Lease Liabilities	26,663,701	25,833,071
Warranty Liability	0	18,127
Other Long-term Liabilities	28,000	28,000
Deferred Tax Liability	1,480,695	1,487,204
Total Liabilities	41,519,167	42,741,108
Commitments and Contingencies (refer to Note 16)
SHAREHOLDERS' EQUITY
Common Stock, no par value, 1,500,000,000 shares authorized, 222,247,854 issued and outstanding at September 30, 2023 and 220,470,061 at December 31, 2022	0	0
Preferred Stock, no par value, 50,000,000 shares authorized, 0 issued and outstanding at September 30, 2023 and 0 at December 31, 2022	0	0
Additional Paid-In Capital	314,628,834	312,023,359
Deficit	(177,769,056)	(121,134,494)
Total Shareholders' Equity	136,859,778	190,888,865
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 178,378,945	$ 233,629,973

Interim Condensed Consolidate_2

Interim Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Sep. 30, 2023	Dec. 31, 2022
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	1,500,000,000	1,500,000,000
Common Stock, Shares, Issued (in shares)	222,247,854	220,470,061
Common Stock, Shares, Outstanding, Ending Balance (in shares)	222,247,854	220,470,061
Preferred Stock, Par Value (in dollars per share)	$ 0	$ 0
Preferred Stock, Shares Authorized (in shares)	50,000,000	50,000,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Shares Outstanding (in shares)	0	0

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue, net of discounts	$ 24,788,239	$ 25,623,217	$ 75,536,347	$ 79,729,842
Cost of Goods Sold	(13,715,307)	(15,064,315)	(41,698,369)	(42,445,429)
Gross Profit	11,072,932	10,558,902	33,837,978	37,284,413
Expenses:
General and Administrative	11,340,678	11,309,955	33,567,055	36,807,699
Sales and Marketing	1,348,266	938,269	4,016,503	2,428,947
Lease Expense	767,860	723,955	2,346,885	1,984,252
Impairment Loss	39,649,448	0	39,649,448	0
Depreciation	1,965,607	1,978,403	6,187,650	5,982,392
Total Expenses	55,071,859	14,950,582	85,767,541	47,203,290
Loss From Operations	(43,998,927)	(4,391,680)	(51,929,563)	(9,918,877)
Other Income (Expense):
Interest income, net	284,080	121,285	875,643	193,896
Foreign exchange gain (loss)	203	(1,834)	6,318	(23,000)
Change in fair value of warrant liability	0	197,721	18,127	6,992,955
Other Income, net	98,861	41,487	1,956,064	270,254
Total Other Income	383,144	358,659	2,856,152	7,434,105
Loss Before Provision for Income Taxes	(43,615,783)	(4,033,021)	(49,073,411)	(2,484,772)
Provision For Income Taxes
Current Tax Expense	(2,401,672)	(2,238,493)	(7,571,404)	(7,914,966)
Deferred Tax Recovery	36,465	15,989	10,253	43,617
Income Tax Expense (Benefit)	(2,365,207)	(2,222,504)	(7,561,151)	(7,871,349)
Net Loss and Comprehensive Loss	$ (45,980,990)	$ (6,255,525)	$ (56,634,562)	$ (10,356,121)
Loss per Share
Basic and diluted loss per share (in dollars per share)	$ (0.21)	$ (0.03)	$ (0.26)	$ (0.05)
Weighted Average Number of Shares of Common Stock
Basic and diluted (in shares)	222,080,513	220,146,277	221,712,138	215,321,796

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Warrants [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2021	198,687,950	0	295,838
Balance at Dec. 31, 2021				$ 245,861,704	$ (72,154,194)	$ 173,707,510
Share based Compensation - RSUs				6,154,338	0	6,154,338
Shares Issued on Acquisition (in shares)	21,361,002	0	0
Shares Issued on Acquisition				56,656,905	0	56,656,905
Replacement Options Issued on Acquisition				1,239,818	0	1,239,818
Shares Issued on Exercise of Options (in shares)	97,325	0	0
Shares Issued on Exercise of Options				97,980	0	97,980
Net Loss for the Period				0	(10,356,121)	(10,356,121)
Balance (in shares) at Sep. 30, 2022	220,146,277	0	295,838
Balance at Sep. 30, 2022				310,010,745	(82,510,315)	227,500,430
Balance (in shares) at Dec. 31, 2021	198,687,950	0	295,838
Balance at Dec. 31, 2021				245,861,704	(72,154,194)	$ 173,707,510
Shares Issued on Acquisition (in shares)						21,361,002
Shares Issued on Settlement of RSUs (in shares)						81,084
Balance (in shares) at Dec. 31, 2022	220,470,061	0	295,838
Balance at Dec. 31, 2022				312,023,359	(121,134,494)	$ 190,888,865
Share based Compensation - RSUs				1,926,595	0	$ 1,926,595
Shares Issued on Acquisition (in shares)						0
Shares Issued on Exercise of Options (in shares)	1,063,377	0	0
Shares Issued on Exercise of Options				946,406	0	$ 946,406
Net Loss for the Period				0	(56,634,562)	(56,634,562)
Expirations (in shares)	0	0	(295,838)
Share based Compensation - RSUs - Taxes Paid in Lieu of Share Issuance				(267,526)	0	$ (267,526)
Shares Issued on Settlement of RSUs (in shares)	714,416	0	0			714,416
Shares Issued on Settlement of RSUs				0	0	$ 0
Balance (in shares) at Sep. 30, 2023	222,247,854	0	0
Balance at Sep. 30, 2023				$ 314,628,834	$ (177,769,056)	$ 136,859,778

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net loss	$ (56,634,562)	$ (10,356,121)
Adjustments for items not involving cash:
Shared based compensation expense	1,926,595	6,154,338
Non-cash lease expense	3,840,610	3,364,265
Depreciation	9,184,602	8,156,634
Change in fair value of warrant liability	(18,127)	(6,992,955)
Loss on translation of warrant liability	0	(12,612)
Loss on disposal of fixed assets	153	4,048
Deferred tax recovery	(6,509)	0
Impairment of intangible assets	39,649,448	0
Proceeds from lease incentive	0	1,100,000
Lease incentive amortization	(78,347)	(238,469)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	(2,136,137)	1,179,127
Net Changes in Non-cash Working Capital Items	(3,256,283)	3,800,775
Repayment of lease liabilities	(3,078,748)	(2,645,471)
Total Operating	(8,471,168)	2,334,432
FINANCING ACTIVITIES
RSU withholding taxes paid in lieu of share issuance	(267,526)	0
Proceeds from exercise of warrants and options	0	97,980
Total Financing	(267,526)	97,980
INVESTING ACTIVITIES
Purchase of property, plant and equipment	(6,043,180)	(14,642,193)
Proceeds from sales of fixed assets	64,876	0
Net cash acquired through NGW acquisition	0	1,493,922
Total Investing	(6,844,554)	(13,148,271)
Effect of foreign exchange on cash	0	3,103
NET CHANGE IN CASH DURING THE PERIOD	(15,583,248)	(10,712,756)
CASH
Beginning of Period	52,356,914	61,588,843
End of Period	36,773,666	50,876,087
Planet 13 Illinois, LLC [Member]
INVESTING ACTIVITIES
Purchase of 51% interest in Planet 13 Illinois	$ (866,250)	$ 0

Note 1 - Nature of Operations

Note 1 - Nature of Operations	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Nature of Operations [Text Block]	1. Planet 13 Planet 13 Company April 26, 2002 September 24, 2019. On September 15, 2023 ( Effective Date 13 Planet 13 Domestication Plan of Arrangement On the Effective Date, pursuant to the Plan of Arrangement and by operation of law, all the rights, privileges and powers of Planet 13 13 13 13 On the Effective Date, each holder of issued and outstanding common share of Planet 13 Common Shares one Common Stock 13 2018 13 2018 Unless the context otherwise requires or otherwise expressly states, all references in this Quarterly Report on Form 10 The Company, through its subsidiaries, is a vertically integrated cultivator and provider of cannabis and cannabis-infused products that is licensed under the laws of the States of Nevada, California, Florida, and Illinois. We are licensed in these jurisdictions as follows: six three three six three three three one two one one two one one one one Planet 13 CSE The Company’s registered office and head office address is 2548 89109. While cannabis and CBD-infused products are legal under the laws of several U.S. states (with varying restrictions applicable), the United States Federal Controlled Substances Act classifies all “marijuana” as a Schedule I drug, whether for medical or recreational use. Under U.S. federal law, a Schedule I drug or substance has a high potential for abuse, no The federal government currently is prohibited from prosecuting businesses that operate in compliance with applicable state and local medical cannabis laws and regulations; however, this does not

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Basis of Accounting [Text Block]	2. These unaudited condensed consolidated interim financial statements reflect the accounts of the Company and have been prepared in accordance with generally accepted accounting principles in the United States of America (“ GAAP SEC December 31, 2022 10 December 31, 2022 not These unaudited interim condensed consolidated financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operation for the foreseeable future and, accordingly, will be able to realize its assets and discharge its liabilities in the normal course of operations as they come due. Failure to arrange adequate financing on acceptable terms and/or achieve profitability may not These unaudited condensed consolidated interim financial statements were authorized for issuance by the Board of Directors of the Company on November 8, 2023 i) Basis of consolidation These accompanying unaudited condensed consolidated interim financial statements include the accounts of the Company and all subsidiaries. Subsidiaries are entities in which the Company has a controlling voting interest or is the primary beneficiary of a variable interest entity. Subsidiaries are fully consolidated from the date control is transferred to the Company and are deconsolidated from the date control ceases. All intercompany accounts and transactions have been eliminated upon consolidation. The unaudited condensed consolidated interim financial statements include all the assets, liabilities, revenues, expenses and cash flows of the Company and its subsidiaries after eliminating intercompany balances and transactions. These unaudited condensed consolidated interim financial statements include the accounts of the Company and the following entities which are subsidiaries of the Company: Subsidiaries as at September 30, 2023 Jurisdiction of Incorporation Ownership Interest 2023 Ownership Interest 2022 Nature of Business MM Development Company, Inc. ("MMDC") Nevada, USA 100% 100% Nevada license holding company; vertically integrated cannabis operations BLC Management Company LLC Nevada, USA 100% 100% Management/holding company LBC CBD LLC ("LBC") Nevada, USA 100% 100% CBD retail sales and marketing Newtonian Principles Inc. California, USA 100% 100% California license holding company; cannabis retail sales Crossgate Capital U.S. Holdings Corp. Nevada, USA 100% 100% Holding company Next Green Wave, LLC California, USA 100% 100% California license holding company; cannabis cultivation and processing Planet 13 Illinois, LLC Illinois, USA 100% 49% Illinois license holding company BLC NV Food, LLC Nevada, USA 100% 100% Holding company for By The Slice LLC By The Slice, LLC Nevada, USA 100% 100% Subsidiary of BLC NV Food, LLC; restaurant and retail operations Planet 13 Chicago, LLC Illinois, USA 100% 100% Holding company Planet 13 Florida, Inc. Florida, USA 100% 100% Florida license holding company Club One Three, LLC Nevada, USA 100% 100% Inactive ii) Functional currency These unaudited condensed consolidated interim financial statements are presented in U.S. Dollars (“USD”), which is the Company’s and its subsidiaries’ functional currency. Foreign currency transactions are remeasured to the respective financial currencies of the Company’s entities at the exchange rates in effect on the date of the transactions. Monetary assets and liabilities denominated in foreign currencies are measured to functional currency at the foreign exchange rate applicable at the statement of balance sheets date. Non-monetary items are carried at historical rates. Non-monetary items carried at face value denominated in foreign currencies are remeasured to the functional currency at the date when the fair value was determined. Realized and unrealized foreign exchange gains and losses are recognized through profit or loss. iii) Emerging growth company The Company is an “Emerging Growth Company”, as defined in Section 2 not not not not 404 not Further, Section 102 1 not not not

Note 3 - Inventory

Note 3 - Inventory	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	3. Finished goods inventory consists of dried cannabis, concentrates, edibles, and other products that are complete and available for sale (both internally generated inventory and third September 30, December 31, 2023 2022 Raw materials $ 5,185,502 $ 5,209,667 Packaging and miscellaneous 1,971,209 1,584,659 Work in progress 2,891,874 1,965,052 Finished goods 4,834,205 4,245,461 $ 14,882,790 $ 13,004,839 Cost of Inventory is recognized as an expense when sold and included in the cost of goods sold. During the three nine September 30, 2023 2022

Note 4 - Prepaid Expenses and O

Note 4 - Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Prepaid Expenses and Other Current Assets [Text Block]	4. September 30, December 31, 2023 2022 Security deposits $ 743,548 $ 1,399,424 Prepaid rent 390,655 348,433 Insurance 722,688 678,402 License fees 657,112 776,717 Miscellaneous 675,573 607,418 $ 3,189,576 $ 3,810,394

Note 5 - Property and Equipment

Note 5 - Property and Equipment	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	5. Land and Leasehold Construction Improvements Buildings Equipment Improvements in Progress Total Gross carrying amount At December 31, 2022 $ 6,374,511 $ 13,963,025 $ 12,799,645 $ 63,555,792 $ 3,528,703 $ 100,221,676 Additions 210,830 1,979,925 983,240 497,389 2,371,796 6,043,180 Disposals - - (199,870 ) - - (199,870 ) At September 30, 2023 $ 6,585,341 $ 15,942,950 $ 13,583,015 $ 64,053,181 $ 5,900,499 $ 106,064,986 Depreciation At December 31, 2022 $ 231,522 $ 540,648 $ 6,333,865 $ 21,649,590 $ - $ 28,755,625 Additions 26,628 262,146 1,984,042 6,911,786 - 9,184,602 Disposals - - (135,146 ) - - (135,146 ) At September 30, 2023 $ 258,150 $ 802,794 $ 8,182,761 $ 28,561,376 $ - $ 37,805,081 Carrying amount At December 31, 2022 $ 6,142,989 $ 13,422,377 $ 6,465,780 $ 41,906,202 $ 3,528,703 $ 71,466,051 At September 30, 2023 $ 6,327,191 $ 15,140,156 $ 5,400,254 $ 35,491,805 $ 5,900,499 $ 68,259,905 As at September 30, 2023 not September 30, 2023 December 31, 2022 For the nine September 30, 2023 2022 2022 During the nine September 30, 2023

Note 6 - Intangible Assets

Note 6 - Intangible Assets	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	6. Retail Dispensary Santa Ana Retail Dispensary Clark County Cultivation and Production Clark County Master License Florida Cultivation Coalinga CA Retail Dispensary Waukegan IL Other Total Gross carrying amount Balance, December 31, 2022 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ 6,232,222 $ - $ 30,000 $ 69,660,229 Additions - - - - - 1,812,656 - 1,812,656 Balance at September 30, 2023 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ 6,232,222 $ 1,812,656 $ 30,000 $ 71,472,885 Amortization Balance, December 31, 2022 $ - $ - $ - $ - $ 372,222 $ - $ - $ 372,222 Additions - - - - - - - Impairment Loss - - - 39,649,448 - - - 39,649,448 Balance at September 30, 2023 $ - $ - $ - $ 39,649,448 $ 372,222 $ - $ - $ 40,021,670 Carrying amount Balance at December 31, 2022 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ 5,860,000 $ - $ 30,000 $ 69,288,007 Balance at September 30, 2023 $ 6,151,343 $ 690,000 $ 709,798 $ 16,197,418 $ 5,860,000 $ 1,812,656 $ 30,000 $ 31,451,215 NGW Acquisition On March 2, 2022, NGW 805. NGW was incorporated in 2011 The aggregate purchase price for the NGW transaction was $57,574,938 and consisted of $14,788 in cash consideration, $1,239,818 in replacement options and $56,320,332 in share consideration. The share consideration was comprised of 21,361,002 common shares of the Company at a fair value of $C3.34 March 2, 2022. The following table summarizes the allocation of consideration exchanged to the estimated fair value of tangible and intangible assets acquired: Consideration paid Cash $ 14,788 Issuance of 21,361,002 56,320,332 Issuance of 1,106,925 1,239,818 $ 57,574,938 Fair value of net assets acquired: Cash $ 1,493,922 Inventory 3,077,367 Accounts Receivable 1,374,142 Property, plant and equipment 16,229,350 Intangible assets 13,180,000 Goodwill 25,802,688 Accounts Payable and Accrued Liabilities (233,158 ) Income taxes payable (125,445 ) Deferred tax liability (3,223,928 ) $ 57,574,938 The purchase price allocations for the NGW transaction reflect various fair value estimates and analyses relating to the determination of fair value of certain tangible and intangible assets acquired and residual goodwill. The Company determined the estimated fair value of the acquired working capital, and identifiable intangible assets and goodwill after review and consideration of relevant information including discounted cash flow analyses, market data and management’s estimates, prepared by an independent valuation firm. The estimated fair value of acquired working capital was determined to approximate carrying value. The goodwill arising from the NGW transaction consists of expected synergies from combining operations of the Company and NGW, and intangible assets not None NGW’s state cannabis licenses and brands represented identifiable intangible assets acquired in the amounts of $11,840,000 and $1,340,000, respectively. The NGW cannabis licenses acquired have an indefinite life and as such will not three December 31, 2022 In connection with the NGW transaction, the Company expensed $1,238,379 of acquisition-related costs, which have been included in general and administrative expenses on the Company’s consolidated statement of operations and comprehensive loss for the period ended September 30, 2022 The following table reflects the revenue, gross profit and comprehensive loss that would have been reported if the acquisition had occurred at the beginning of the period indicated: Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Reported NGW Pro Forma As Reported NGW Pro Forma Revenue, net of discounts $ 25,623,217 $ - $ 25,623,217 $ 79,729,842 $ 870,651 $ 80,600,493 Gross Profit 10,558,902 - 10,558,902 37,284,413 (131,700 ) 37,152,713 Comprehensive loss for the period (6,255,525 ) - (6,255,525 ) (10,356,121 ) (868,125 ) (11,224,246 ) The carrying value of goodwill in each reporting unit is indicative of the expected growth and development of the business. In the fourth 2022, not zero December 31, 2022 The recoverable amount of the reporting unit to which goodwill is allocated and the asset group to which indefinite life intangibles are allocated were determined based on fair value using Level 3 ● Cash flows: Estimated cash flows were projected based on actual operating results from internal sources as well as industry and market trends. Estimated cash flows are primarily driven by sales volumes, selling prices and operating costs. The forecasts are extended to a total of six ● Terminal value growth rate: The terminal growth rate was based on historical and projected consumer price inflation, historical and projected economic indicators and projected industry growth; ● Post-tax discount rate: The post-tax discount rate is reflective of the reporting unit’s Weighted Average Cost of Capital (“WACC”). The WACC was estimated based on the risk-free rate, equity risk premium, beta adjustment to the equity risk premium based on a direct comparison approach, an unsystematic risk premium, and after-tax cost of debt based on corporate bond yields; and ● Tax rate: The tax rates used in determining the future cash flows were those substantively enacted at the respective valuation date. The following table outlines the key assumptions used in calculating the recoverable amount for each CGU and operating segment tested for impairment as at December 31, 2022 Goodwill impairment testing Significant estimates used by management NGW Years of cash flows before terminal value 6 Discount rate 19.25 % Terminal value multiple / rate 5.8x Based on the results of the goodwill impairment test, the carrying value of the NGW reporting unit exceeded the fair value and the Company recognized a pre-tax impairment loss of $25,802,688 during the year ended December 31, 2022 Acquisition of 51% 13 On February 7, 2023, 13 third third August 4, 2022. C$1.18 February 7, 2023. Florida License Impairment Effective September 15, 2023,

Note 7 - Leases

Note 7 - Leases	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Lessee, Finance and Operating Leases [Text Block]	7. The Company’s lease agreements are for cultivation, manufacturing, retail office premises and for vehicles. The property lease terms range between 7 years and 21 years depending on the facility and are subject to an average of 2 renewal periods of equal length as the original lease. Certain leases include escalation clauses or payment of executory costs such as property taxes, utilities, or insurance and maintenance. Rent expense for leases with escalation clauses is accounted for on a straight-line basis over the lease term. The Company’s lease agreements do not The following table provides the components of lease costs recognized in the unaudited interim condensed consolidated statement of operations and comprehensive loss for the three nine September 30, 2023 2022 Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 Operating lease costs $ 1,257,099 $ 1,183,959 $ 3,756,133 $ 3,364,265 Short term lease expense 10,219 3,473 35,196 5,057 Total lease costs $ 1,267,318 $ 1,187,432 $ 3,791,329 $ 3,369,322 Other information related to operating and finance leases as of and for the nine September 30, 2023 2022 September 30, 2023 September 30, 2022 Finance Operating Finance Operating Lease Lease Lease Lease Weighted average discount rate 15.00 % 15.00 % 15.00 % 15.00 % Weighted average remaining lease term - 12.94 0.14 16.21 The maturity of the contractual undiscounted lease liabilities as of September 30, 2023 December 31, 2022 2023 2022 Operating Operating Lease Lease One year $ 4,314,119 $ 4,052,167 Two years 4,438,296 4,214,502 Three years 4,445,139 4,302,534 Four years 4,495,801 4,303,434 Five years 4,676,167 4,389,610 Thereafter 57,498,479 58,274,870 Total undiscounted lease liabilities 79,868,001 79,537,117 Interest on lease liabilities (52,624,158 ) (53,224,885 ) Total present value of minimum lease payments 27,243,843 26,312,232 Lease liability - current portion (580,142 ) (479,161 ) Lease liability $ 26,663,701 $ 25,833,071 Principally all leases relate to real estate. For the three nine September 30, 2023 2022 2022 See Note 14

Note 8 - Notes Payable

Note 8 - Notes Payable	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	8. September 30, December 31, 2023 2022 Promissory note dated November 4, 2015, with semi-annual interest at 5.0 884,000 884,000 $ 884,000 $ 884,000 Less current portion (884,000 ) (884,000 ) $ - $ - Stated maturities of debt obligations are as follow: Next 12 months Promissory Note $ 884,000

Note 9 - Share Capital

Note 9 - Share Capital	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Equity [Text Block]	9. The Company is authorized to issue 1,500,000,000 shares of common stock and 50,000,000 shares of preferred stock. Number of Shares of Common Stock September 30, December 31, 2023 2022 Common Stock Balance at January 1 220,470,061 198,687,950 Shares issued on settlement of RSUs i. 714,416 81,084 Shares issued on exercise of options ii. - 97,325 Shares issued on exercise of warrants iii. - 242,700 Shares issued on acquisition (Note 6) iv. - 21,361,002 Shares issued on exercise of purchase option (Note 6) v. 1,063,377 - Total shares of common stock outstanding 222,247,854 220,470,061 i. Shares issued for Restricted Share Units During the nine September 30, 2023 not During the year ended December 31, 2022 not ii. Shares issued for Stock Options During the nine September 30, 2023 During the year ended December 31, 2022 CAD$1.31 CAD$127,496 iii. Shares issued on the exercise of Warrants During the nine September 30, 2023 During the year ended December 31, 2022 CAD$1,407,660

Note 10 - Warrants

Note 10 - Warrants	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Warrants [Text Block]	10. The following table summarizes the fair value of the warrant liability at September 30, 2023 December 31, 2022 September 30, December 31, 2023 2022 Balance - beginning of period $ 18,127 $ 7,206,049 Expirations (18,127 ) - Foreign exchange - (10,117 ) Change in fair value - (7,177,805 ) Balance - end of period $ - $ 18,127 The warrant liability is adjusted to fair value on the date the warrants are exercised and at the end of each reporting period. The amount that is reclassified to equity on the date of exercise is the fair value at that date. The following table summarizes the number of warrants outstanding at September 30, 2023 December 31, 2022 September 30, 2023 Weighted Average Exercise Price - CAD December 31, 2022 Weighted Average Exercise Price - CAD Balance - beginning of period 5,206,463 $ 8.88 8,861,951 $ 7.46 Exercised - $ - (242,700 ) $ 5.80 Expired (5,206,463 ) $ 8.88 (3,412,788 ) $ 5.41 Balance - end of period - $ - 5,206,463 $ 8.88 Fair values The Company complies with ASC 820, The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2023 December 31, 2022 Quoted prices in active markets for identical asset (Level 1) Total September 30, 2023 Warrant liability $ - $ - December 31, 2022 Warrant liability $ (18,127 ) $ (18,127 )

Note 11 - Share Based Compensat

Note 11 - Share Based Compensation	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	11. At the 2023 13 13 2023 2023 may not 13 2018 13 2018 Prior Plans A total of 22,000,000 shares of Common Stock are available for grants under the 2023 Total Share Reserve September 30, 2023, 2023 2023 (a) Stock Options The Company had established the 2018 Option Plan five During the three nine September 30, 2023 December 31, 2022 No incentive stock options were granted during the three nine September 30, 2023 December 31, 2022 December 31, 2022 6 The following table summarizes information about stock options outstanding at September 30, 2023 Exercise price September 30, 2023 September 30, 2023 December 31, 2022 December 31, 2022 Expiry Date CAD$ Outstanding Exercisable Outstanding Exercisable November 21, 2024 $ 1.31 185,203 185,203 185,203 185,203 February 27, 2025 $ 1.31 51,525 51,525 51,525 51,525 December 15, 2025 $ 3.06 269,075 269,075 269,075 269,075 September 30, 2026 $ 4.37 97,322 97,322 120,222 120,222 July 6, 2025 $ 1.31 - - 97,325 97,325 June 11, 2023 $ 0.80 - - 61,668 61,668 June 30, 2024 $ 2.60 - - 7,500 7,500 603,125 603,125 792,518 792,518 The following table reflects the continuity of stock options for the period presented: September 30, 2023 Weighted Average Exercise Price - CAD December 31, 2022 Weighted Average Exercise Price - CAD Balance - beginning of period 792,518 $ 2.34 169,168 $ 2.01 Issued - - 1,106,925 2.58 Exercised - - (97,325 ) 1.31 Expired (189,393 ) 0.80 (386,250 ) 3.11 Balance - end of period 603,125 $ 2.47 792,518 $ 2.34 Share based compensation expense attributable to employee options was $0 and $0 for the nine September 30, 2023 2022 December 31, 2022 6 The total intrinsic value of stock options exercised, outstanding and exercisable as of September 30, 2023 The total intrinsic value of stock options exercised, outstanding and exercisable as of December 31, 2022 (b) Restricted Share Units The Company had established the 2018 RSU Plan five The following table summarizes the RSUs that are outstanding as at September 30, 2023 December 31, 2022 September 30, December 31, 2023 2022 Balance - beginning of period 2,464,928 2,591,929 Exercised (714,416 ) (81,084 ) Surrendered for taxes (477,507 ) - Forfeited (81,159 ) (45,917 ) Balance - end of period 1,191,846 2,464,928 The Company recognized $602,977 and $1,926,595 in share-based compensation expense attributable to the RSU vesting schedule for the three nine September 30, 2023 three nine September 30, 2022 During the nine September 30, 2023 No RSUs were granted, and 1,191,923 RSUs vested and were exercised, of which 477,507 were surrendered in exchange for payment of tax withholdings. The Company did not During the nine September 30, 2022 No RSUs were granted, exercised or vested.

Note 12 - Loss Per Share

Note 12 - Loss Per Share	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	12. Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 Loss available to common shareholders $ (45,980,990 ) $ (6,255,525 ) $ (56,634,562 ) $ (10,356,121 ) Weighted average number of shares outstanding, basic and diluted 222,080,513 220,146,277 221,712,138 215,321,796 Basic and diluted loss per share $ (0.21 ) $ (0.03 ) $ (0.26 ) $ (0.05 ) 1,926,861 and 12,328,398 potentially dilutive securities for the three nine September 30, 2023 2022

Note 13 - General and Administr

Note 13 - General and Administrative	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
General and Administrative [Text Block]	13. Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 Salaries and wages $ 3,873,582 $ 3,574,834 $ 11,417,701 $ 11,369,684 Share based compensation 602,977 2,037,765 1,926,595 6,154,338 Executive compensation 701,329 780,169 2,168,610 2,214,009 Licenses and permits 594,162 710,951 1,845,608 2,168,616 Payroll taxes and benefits 826,827 929,679 2,556,998 2,990,456 Supplies and office expenses 408,404 258,468 1,074,602 758,924 Subcontractors 527,039 399,982 1,559,001 1,532,880 Professional fees (legal, audit and other) 2,312,808 947,922 6,898,241 4,458,370 Miscellaneous general and administrative expenses 1,493,550 1,670,185 4,119,699 5,160,422 $ 11,340,678 $ 11,309,955 $ 33,567,055 $ 36,807,699

Note 14 - Supplemental Cash Flo

Note 14 - Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	14. Nine Months Ended September 30, September 30, Change in Working Capital 2023 2022 Accounts Receivable 106,586 1,363,675 Inventory (1,877,951 ) 3,831,613 Prepaid Expenses and Other Assets 620,819 923,625 Long-term Deposits and Other Assets 29,692 199,109 Deferred Tax Assets (3,744 ) (43,617 ) Accounts Payable (403,917 ) (259,295 ) Accrued Expenses (1,756,583 ) (1,109,964 ) Income Taxes Payable 28,815 (1,104,371 ) $ (3,256,283 ) $ 3,800,775 Cash Paid Interest Paid On Leases $ 3,055,862 $ - Income Taxes $ 7,540,000 $ 7,925,000 Non-cash Financing and Investing Activities Shares Issued on Exercise of Purchase Option $ 946,406 $ - Initial Recognition of Fair Value of Net Assets Acquired in NGW Acquisition in Exchange for Shares, excluding Cash $ - $ 22,109,890 Initial Recognition of ROU Assets and Lease Liabilities $ - $ 2,326,202 Lease additions $ 954,496 $ - Fixed Asset Amounts in Accounts Payable $ 305 $ 363,077 Reclassification of long term lease liabilities to current $ 100,982 $ 24,659 Early Termination of Operating Lease $ - $ 371,381

Note 15 - Related Party Transac

Note 15 - Related Party Transactions and Balances	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	15. Related party transactions are summarized as follows: (a) Building Lease Prior to March 15, 2022, one third March 15, 2022. nine September 30, 2023 2022 $nil $nil nine September 30, 2023 2022 (b) Other A company previously owned by one March 15, 2022 $nil nine September 30, 2023 2022 For the three September 30, 2023 no December 31, 2022 $nil

Note 16 - Commitments and Conti

Note 16 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	16. (a) Construction Commitments The Company had $7,652,142 of outstanding construction commitments as of September 30, 2023 (b) Contingencies The Company’s operations are subject to a variety of local and state regulations. Failure to comply with one September 30, 2023 may (c) Claims and Litigation From time to time, the Company may September 30, 2023 December 31, 2022 no (d) Operating Licenses Although the possession, cultivation, and distribution of marijuana for medical and adult use is permitted in Nevada and California, and for medical use these activities are permitted in Florida, marijuana is a Schedule I controlled substance and its use remains a violation of federal law. Since federal law criminalizing the use of marijuana pre-empts state laws that legalize its use, strict enforcement of federal law regarding marijuana would likely result in the Company’s inability to proceed with our business plans. In addition, the Company’s assets, including real property, cash, equipment, and other goods, could be subject to asset forfeiture because marijuana is still federally illegal.

Note 17 - Risks

Note 17 - Risks	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Risk Disclosure [Text Block]	17. Credit risk Credit risk is the risk that a third not The Company evaluates the collectability of its accounts receivable and maintains an allowance for credit losses at an amount sufficient to absorb losses inherent in the existing accounts receivable portfolio as of the reporting dates based on the estimate of expected net credit losses. Interest Rate Risk Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company currently does not not Price risk Price risk is the risk that the trading price of the Company’s shares will fluctuate and result in an increase or decrease in the fair value of the warrant liability. The Company is not Liquidity risk The Company’s approach to managing risk is to ensure that it will have sufficient liquidity to meet liabilities when due. As of September 30, 2023 no Concentration risk The Company operates exclusively in Southern Nevada and Southern California. Should economic conditions deteriorate within that region, its results of operations and financial position would be negatively impacted. Banking risk no may Asset forfeiture risk Because the cannabis industry remains illegal under US federal law, any property owned by participants in the cannabis industry which are either used in the course of conducting such business, or are the proceeds of such business, could be subject to seizure by law enforcement and subsequent civil asset forfeiture. Even if the owner of the property was never charged with a crime, the property in question could still be seized and subject to an administrative proceeding by which with minimal due process, it could be subject to forfeiture. Currency rate risk As at September 30, 2023 December 31, 2022 third not not The Company’s exposure to a 10% September 30, 2023

Note 18 - Disaggregated Revenue

Note 18 - Disaggregated Revenue	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	18. The following table presents the Company’s disaggregated revenue by sales channel: Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 Retail $ 20,423,455 $ 19,714,983 $ 62,136,357 $ 69,660,303 Wholesale 4,364,784 5,908,234 13,399,990 10,069,539 Net revenues $ 24,788,239 $ 25,623,217 $ 75,536,347 $ 79,729,842

Note 19 - Government Assistance

Note 19 - Government Assistance Program	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Government Assistance [Text Block]	19. On March 18, 2020, FFCRA March 27, 2020, CARES 2020, December 27, 2020, first second 2021. 2021 third fourth 2021. not June 15, 2023, first 2021. three nine September 30, 2023. 450 30,

Note 20 - Subsequent Events

Note 20 - Subsequent Events	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	20. None.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	i) Basis of consolidation These accompanying unaudited condensed consolidated interim financial statements include the accounts of the Company and all subsidiaries. Subsidiaries are entities in which the Company has a controlling voting interest or is the primary beneficiary of a variable interest entity. Subsidiaries are fully consolidated from the date control is transferred to the Company and are deconsolidated from the date control ceases. All intercompany accounts and transactions have been eliminated upon consolidation. The unaudited condensed consolidated interim financial statements include all the assets, liabilities, revenues, expenses and cash flows of the Company and its subsidiaries after eliminating intercompany balances and transactions. These unaudited condensed consolidated interim financial statements include the accounts of the Company and the following entities which are subsidiaries of the Company: Subsidiaries as at September 30, 2023 Jurisdiction of Incorporation Ownership Interest 2023 Ownership Interest 2022 Nature of Business MM Development Company, Inc. ("MMDC") Nevada, USA 100% 100% Nevada license holding company; vertically integrated cannabis operations BLC Management Company LLC Nevada, USA 100% 100% Management/holding company LBC CBD LLC ("LBC") Nevada, USA 100% 100% CBD retail sales and marketing Newtonian Principles Inc. California, USA 100% 100% California license holding company; cannabis retail sales Crossgate Capital U.S. Holdings Corp. Nevada, USA 100% 100% Holding company Next Green Wave, LLC California, USA 100% 100% California license holding company; cannabis cultivation and processing Planet 13 Illinois, LLC Illinois, USA 100% 49% Illinois license holding company BLC NV Food, LLC Nevada, USA 100% 100% Holding company for By The Slice LLC By The Slice, LLC Nevada, USA 100% 100% Subsidiary of BLC NV Food, LLC; restaurant and retail operations Planet 13 Chicago, LLC Illinois, USA 100% 100% Holding company Planet 13 Florida, Inc. Florida, USA 100% 100% Florida license holding company Club One Three, LLC Nevada, USA 100% 100% Inactive
Foreign Currency Transactions and Translations Policy [Policy Text Block]	ii) Functional currency These unaudited condensed consolidated interim financial statements are presented in U.S. Dollars (“USD”), which is the Company’s and its subsidiaries’ functional currency. Foreign currency transactions are remeasured to the respective financial currencies of the Company’s entities at the exchange rates in effect on the date of the transactions. Monetary assets and liabilities denominated in foreign currencies are measured to functional currency at the foreign exchange rate applicable at the statement of balance sheets date. Non-monetary items are carried at historical rates. Non-monetary items carried at face value denominated in foreign currencies are remeasured to the functional currency at the date when the fair value was determined. Realized and unrealized foreign exchange gains and losses are recognized through profit or loss.
Emerging Growth Company [Policy Text Block]	iii) Emerging growth company The Company is an “Emerging Growth Company”, as defined in Section 2 not not not not 404 not Further, Section 102 1 not not not

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Subsidiaries [Table Text Block]	Subsidiaries as at September 30, 2023 Jurisdiction of Incorporation Ownership Interest 2023 Ownership Interest 2022 Nature of Business MM Development Company, Inc. ("MMDC") Nevada, USA 100% 100% Nevada license holding company; vertically integrated cannabis operations BLC Management Company LLC Nevada, USA 100% 100% Management/holding company LBC CBD LLC ("LBC") Nevada, USA 100% 100% CBD retail sales and marketing Newtonian Principles Inc. California, USA 100% 100% California license holding company; cannabis retail sales Crossgate Capital U.S. Holdings Corp. Nevada, USA 100% 100% Holding company Next Green Wave, LLC California, USA 100% 100% California license holding company; cannabis cultivation and processing Planet 13 Illinois, LLC Illinois, USA 100% 49% Illinois license holding company BLC NV Food, LLC Nevada, USA 100% 100% Holding company for By The Slice LLC By The Slice, LLC Nevada, USA 100% 100% Subsidiary of BLC NV Food, LLC; restaurant and retail operations Planet 13 Chicago, LLC Illinois, USA 100% 100% Holding company Planet 13 Florida, Inc. Florida, USA 100% 100% Florida license holding company Club One Three, LLC Nevada, USA 100% 100% Inactive

Note 3 - Inventory (Tables)

Note 3 - Inventory (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2023 2022 Raw materials $ 5,185,502 $ 5,209,667 Packaging and miscellaneous 1,971,209 1,584,659 Work in progress 2,891,874 1,965,052 Finished goods 4,834,205 4,245,461 $ 14,882,790 $ 13,004,839

Note 4 - Prepaid Expenses and_2

Note 4 - Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	September 30, December 31, 2023 2022 Security deposits $ 743,548 $ 1,399,424 Prepaid rent 390,655 348,433 Insurance 722,688 678,402 License fees 657,112 776,717 Miscellaneous 675,573 607,418 $ 3,189,576 $ 3,810,394

Note 5 - Property and Equipme_2

Note 5 - Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	Land and Leasehold Construction Improvements Buildings Equipment Improvements in Progress Total Gross carrying amount At December 31, 2022 $ 6,374,511 $ 13,963,025 $ 12,799,645 $ 63,555,792 $ 3,528,703 $ 100,221,676 Additions 210,830 1,979,925 983,240 497,389 2,371,796 6,043,180 Disposals - - (199,870 ) - - (199,870 ) At September 30, 2023 $ 6,585,341 $ 15,942,950 $ 13,583,015 $ 64,053,181 $ 5,900,499 $ 106,064,986 Depreciation At December 31, 2022 $ 231,522 $ 540,648 $ 6,333,865 $ 21,649,590 $ - $ 28,755,625 Additions 26,628 262,146 1,984,042 6,911,786 - 9,184,602 Disposals - - (135,146 ) - - (135,146 ) At September 30, 2023 $ 258,150 $ 802,794 $ 8,182,761 $ 28,561,376 $ - $ 37,805,081 Carrying amount At December 31, 2022 $ 6,142,989 $ 13,422,377 $ 6,465,780 $ 41,906,202 $ 3,528,703 $ 71,466,051 At September 30, 2023 $ 6,327,191 $ 15,140,156 $ 5,400,254 $ 35,491,805 $ 5,900,499 $ 68,259,905

Note 6 - Intangible Assets (Tab

Note 6 - Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Retail Dispensary Santa Ana Retail Dispensary Clark County Cultivation and Production Clark County Master License Florida Cultivation Coalinga CA Retail Dispensary Waukegan IL Other Total Gross carrying amount Balance, December 31, 2022 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ 6,232,222 $ - $ 30,000 $ 69,660,229 Additions - - - - - 1,812,656 - 1,812,656 Balance at September 30, 2023 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ 6,232,222 $ 1,812,656 $ 30,000 $ 71,472,885 Amortization Balance, December 31, 2022 $ - $ - $ - $ - $ 372,222 $ - $ - $ 372,222 Additions - - - - - - - Impairment Loss - - - 39,649,448 - - - 39,649,448 Balance at September 30, 2023 $ - $ - $ - $ 39,649,448 $ 372,222 $ - $ - $ 40,021,670 Carrying amount Balance at December 31, 2022 $ 6,151,343 $ 690,000 $ 709,798 $ 55,846,866 $ 5,860,000 $ - $ 30,000 $ 69,288,007 Balance at September 30, 2023 $ 6,151,343 $ 690,000 $ 709,798 $ 16,197,418 $ 5,860,000 $ 1,812,656 $ 30,000 $ 31,451,215
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Consideration paid Cash $ 14,788 Issuance of 21,361,002 56,320,332 Issuance of 1,106,925 1,239,818 $ 57,574,938 Fair value of net assets acquired: Cash $ 1,493,922 Inventory 3,077,367 Accounts Receivable 1,374,142 Property, plant and equipment 16,229,350 Intangible assets 13,180,000 Goodwill 25,802,688 Accounts Payable and Accrued Liabilities (233,158 ) Income taxes payable (125,445 ) Deferred tax liability (3,223,928 ) $ 57,574,938
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Reported NGW Pro Forma As Reported NGW Pro Forma Revenue, net of discounts $ 25,623,217 $ - $ 25,623,217 $ 79,729,842 $ 870,651 $ 80,600,493 Gross Profit 10,558,902 - 10,558,902 37,284,413 (131,700 ) 37,152,713 Comprehensive loss for the period (6,255,525 ) - (6,255,525 ) (10,356,121 ) (868,125 ) (11,224,246 )
Impairment Testing Assumptions [Table Text Block]	Goodwill impairment testing Significant estimates used by management NGW Years of cash flows before terminal value 6 Discount rate 19.25 % Terminal value multiple / rate 5.8x

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 Operating lease costs $ 1,257,099 $ 1,183,959 $ 3,756,133 $ 3,364,265 Short term lease expense 10,219 3,473 35,196 5,057 Total lease costs $ 1,267,318 $ 1,187,432 $ 3,791,329 $ 3,369,322 September 30, 2023 September 30, 2022 Finance Operating Finance Operating Lease Lease Lease Lease Weighted average discount rate 15.00 % 15.00 % 15.00 % 15.00 % Weighted average remaining lease term - 12.94 0.14 16.21
Lessee, Lease, Liability, Maturity [Table Text Block]	2023 2022 Operating Operating Lease Lease One year $ 4,314,119 $ 4,052,167 Two years 4,438,296 4,214,502 Three years 4,445,139 4,302,534 Four years 4,495,801 4,303,434 Five years 4,676,167 4,389,610 Thereafter 57,498,479 58,274,870 Total undiscounted lease liabilities 79,868,001 79,537,117 Interest on lease liabilities (52,624,158 ) (53,224,885 ) Total present value of minimum lease payments 27,243,843 26,312,232 Lease liability - current portion (580,142 ) (479,161 ) Lease liability $ 26,663,701 $ 25,833,071

Note 8 - Notes Payable (Tables)

Note 8 - Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Debt [Table Text Block]	September 30, December 31, 2023 2022 Promissory note dated November 4, 2015, with semi-annual interest at 5.0 884,000 884,000 $ 884,000 $ 884,000 Less current portion (884,000 ) (884,000 ) $ - $ - Stated maturities of debt obligations are as follow: Next 12 months Promissory Note $ 884,000

Note 9 - Share Capital (Tables)

Note 9 - Share Capital (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Common Stock Outstanding Roll Forward [Table Text Block]	Number of Shares of Common Stock September 30, December 31, 2023 2022 Common Stock Balance at January 1 220,470,061 198,687,950 Shares issued on settlement of RSUs i. 714,416 81,084 Shares issued on exercise of options ii. - 97,325 Shares issued on exercise of warrants iii. - 242,700 Shares issued on acquisition (Note 6) iv. - 21,361,002 Shares issued on exercise of purchase option (Note 6) v. 1,063,377 - Total shares of common stock outstanding 222,247,854 220,470,061

Note 10 - Warrants (Tables)

Note 10 - Warrants (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	September 30, 2023 Weighted Average Exercise Price - CAD December 31, 2022 Weighted Average Exercise Price - CAD Balance - beginning of period 5,206,463 $ 8.88 8,861,951 $ 7.46 Exercised - $ - (242,700 ) $ 5.80 Expired (5,206,463 ) $ 8.88 (3,412,788 ) $ 5.41 Balance - end of period - $ - 5,206,463 $ 8.88
Warrants [Member]
Notes Tables
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	September 30, December 31, 2023 2022 Balance - beginning of period $ 18,127 $ 7,206,049 Expirations (18,127 ) - Foreign exchange - (10,117 ) Change in fair value - (7,177,805 ) Balance - end of period $ - $ 18,127
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	Quoted prices in active markets for identical asset (Level 1) Total September 30, 2023 Warrant liability $ - $ - December 31, 2022 Warrant liability $ (18,127 ) $ (18,127 )

Note 11 - Share Based Compens_2

Note 11 - Share Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Exercise price September 30, 2023 September 30, 2023 December 31, 2022 December 31, 2022 Expiry Date CAD$ Outstanding Exercisable Outstanding Exercisable November 21, 2024 $ 1.31 185,203 185,203 185,203 185,203 February 27, 2025 $ 1.31 51,525 51,525 51,525 51,525 December 15, 2025 $ 3.06 269,075 269,075 269,075 269,075 September 30, 2026 $ 4.37 97,322 97,322 120,222 120,222 July 6, 2025 $ 1.31 - - 97,325 97,325 June 11, 2023 $ 0.80 - - 61,668 61,668 June 30, 2024 $ 2.60 - - 7,500 7,500 603,125 603,125 792,518 792,518
Schedule of Stock Options Roll Forward [Table Text Block]	September 30, 2023 Weighted Average Exercise Price - CAD December 31, 2022 Weighted Average Exercise Price - CAD Balance - beginning of period 792,518 $ 2.34 169,168 $ 2.01 Issued - - 1,106,925 2.58 Exercised - - (97,325 ) 1.31 Expired (189,393 ) 0.80 (386,250 ) 3.11 Balance - end of period 603,125 $ 2.47 792,518 $ 2.34
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	September 30, December 31, 2023 2022 Balance - beginning of period 2,464,928 2,591,929 Exercised (714,416 ) (81,084 ) Surrendered for taxes (477,507 ) - Forfeited (81,159 ) (45,917 ) Balance - end of period 1,191,846 2,464,928

Note 12 - Loss Per Share (Table

Note 12 - Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 Loss available to common shareholders $ (45,980,990 ) $ (6,255,525 ) $ (56,634,562 ) $ (10,356,121 ) Weighted average number of shares outstanding, basic and diluted 222,080,513 220,146,277 221,712,138 215,321,796 Basic and diluted loss per share $ (0.21 ) $ (0.03 ) $ (0.26 ) $ (0.05 )

Note 13 - General and Adminis_2

Note 13 - General and Administrative (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of General and Administrative Expense [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 Salaries and wages $ 3,873,582 $ 3,574,834 $ 11,417,701 $ 11,369,684 Share based compensation 602,977 2,037,765 1,926,595 6,154,338 Executive compensation 701,329 780,169 2,168,610 2,214,009 Licenses and permits 594,162 710,951 1,845,608 2,168,616 Payroll taxes and benefits 826,827 929,679 2,556,998 2,990,456 Supplies and office expenses 408,404 258,468 1,074,602 758,924 Subcontractors 527,039 399,982 1,559,001 1,532,880 Professional fees (legal, audit and other) 2,312,808 947,922 6,898,241 4,458,370 Miscellaneous general and administrative expenses 1,493,550 1,670,185 4,119,699 5,160,422 $ 11,340,678 $ 11,309,955 $ 33,567,055 $ 36,807,699

Note 14 - Supplemental Cash F_2

Note 14 - Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Nine Months Ended September 30, September 30, Change in Working Capital 2023 2022 Accounts Receivable 106,586 1,363,675 Inventory (1,877,951 ) 3,831,613 Prepaid Expenses and Other Assets 620,819 923,625 Long-term Deposits and Other Assets 29,692 199,109 Deferred Tax Assets (3,744 ) (43,617 ) Accounts Payable (403,917 ) (259,295 ) Accrued Expenses (1,756,583 ) (1,109,964 ) Income Taxes Payable 28,815 (1,104,371 ) $ (3,256,283 ) $ 3,800,775 Cash Paid Interest Paid On Leases $ 3,055,862 $ - Income Taxes $ 7,540,000 $ 7,925,000 Non-cash Financing and Investing Activities Shares Issued on Exercise of Purchase Option $ 946,406 $ - Initial Recognition of Fair Value of Net Assets Acquired in NGW Acquisition in Exchange for Shares, excluding Cash $ - $ 22,109,890 Initial Recognition of ROU Assets and Lease Liabilities $ - $ 2,326,202 Lease additions $ 954,496 $ - Fixed Asset Amounts in Accounts Payable $ 305 $ 363,077 Reclassification of long term lease liabilities to current $ 100,982 $ 24,659 Early Termination of Operating Lease $ - $ 371,381

Note 18 - Disaggregated Reven_2

Note 18 - Disaggregated Revenue (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2023 2022 2023 2022 Retail $ 20,423,455 $ 19,714,983 $ 62,136,357 $ 69,660,303 Wholesale 4,364,784 5,908,234 13,399,990 10,069,539 Net revenues $ 24,788,239 $ 25,623,217 $ 75,536,347 $ 79,729,842

Note 1 - Nature of Operations (

Note 1 - Nature of Operations (Details Textual)	Sep. 30, 2023
NEVADA
Number of Licenses for Cultivation, Total	6
Number of Licenses for Cultivation, Medical	3
Number of Licenses for Cultivation, Adult Use	3
Number of Licenses for Production, Total	6
Number of Licenses for Production, Medical	3
Number of Licenses for Production, Adult Use	3
Number of Licenses for Dispensary, Total	3
Number of Licenses for Dispensary, Medical	1
Number of Licenses for Dispensary, Adult Use	2
Number of Licenses for Distribution, Active	1
Number of Licenses for Distribution, Conditional	1
CALIFORNIA
Number of Licenses for Cultivation, Adult Use	2
Number of Licenses for Cultivation Nursey	1
Number of Licenses for Distribution, Total	1
Number of Licenses for Manufacture, Adult Use	1
Number of Pending Licenses for Cultivation, Packaging	1

Note 2 - Basis of Presentatio_2

Note 2 - Basis of Presentation - Subsidiaries (Details)	Sep. 30, 2023	Sep. 30, 2022
MM Development Company, Inc. ("MMDC") [Member]
Ownership Interest	100%	100%
BLC Management Company LLC [Member]
Ownership Interest	100%	100%
LBC CBD LLC ("LBC") [Member]
Ownership Interest	100%	100%
Newtonian Principles Inc. [Member]
Ownership Interest	100%	100%
Crossgate Capital U.S. Holdings Corp [Member]
Ownership Interest	100%	100%
Next Green Wave, LLC [Member]
Ownership Interest	100%	100%
Planet 13 Illinois, LLC [Member]
Ownership Interest	100%	49%
BLC NV Food, LLC [Member]
Ownership Interest	100%	100%
By The Slice, LLC [Member]
Ownership Interest	100%	100%
Planet 13 Chicago, LLC [Member]
Ownership Interest	100%	100%
Planet 13 Florida, Inc [Member]
Ownership Interest	100%	100%
Club One Three, LLC [Member]
Ownership Interest	100%	100%

Note 3 - Inventory (Details Tex

Note 3 - Inventory (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Cost of Goods and Services Sold	$ 13,715,307	$ 15,064,315	$ 41,698,369	$ 42,445,429

Note 3 - Inventory - Components

Note 3 - Inventory - Components of Inventory (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Raw materials	$ 5,185,502	$ 5,209,667
Packaging and miscellaneous	1,971,209	1,584,659
Work in progress	2,891,874	1,965,052
Finished goods	4,834,205	4,245,461
Inventory, Net	$ 14,882,790	$ 13,004,839

Note 4 - Prepaid Expenses and_3

Note 4 - Prepaid Expenses and Other Current Assets (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Security deposits	$ 743,548	$ 1,399,424
Prepaid rent	390,655	348,433
Insurance	722,688	678,402
License fees	657,112	776,717
Miscellaneous	675,573	607,418
Prepaid Expense and Other Assets, Current	$ 3,189,576	$ 3,810,394

Note 5 - Property and Equipme_3

Note 5 - Property and Equipment (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Depreciation	$ 9,184,602	$ 8,156,634
Construction in Progress [Member]
Depreciation	0
Property, Plant and Equipment, Transfers on Completion of Projects	0
Cost of Sales [Member]
Depreciation	2,996,952	$ 2,174,242
Contractual Construction [Member]
Other Commitment	$ 7,652,142		$ 0

Note 5 - Property and Equipme_4

Note 5 - Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Gross carrying amount	$ 100,221,676
Additions, Gross carrying amount	6,043,180
Disposals, Gross carrying amount	(199,870)
Gross carrying amount	106,064,986
Depreciation	28,755,625
Additions, Depreciation	9,184,602	$ 8,156,634
Disposals, Depreciation	(135,146)
Depreciation	37,805,081
Carrying amount	68,259,905		$ 71,466,051
Land and Land Improvements [Member]
Gross carrying amount	6,374,511
Additions, Gross carrying amount	210,830
Disposals, Gross carrying amount	0
Gross carrying amount	6,585,341
Depreciation	231,522
Additions, Depreciation	26,628
Disposals, Depreciation	0
Depreciation	258,150
Carrying amount	6,327,191		6,142,989
Building [Member]
Gross carrying amount	13,963,025
Additions, Gross carrying amount	1,979,925
Disposals, Gross carrying amount	0
Gross carrying amount	15,942,950
Depreciation	540,648
Additions, Depreciation	262,146
Disposals, Depreciation	0
Depreciation	802,794
Carrying amount	15,140,156		13,422,377
Equipment [Member]
Gross carrying amount	12,799,645
Additions, Gross carrying amount	983,240
Disposals, Gross carrying amount	(199,870)
Gross carrying amount	13,583,015
Depreciation	6,333,865
Additions, Depreciation	1,984,042
Disposals, Depreciation	(135,146)
Depreciation	8,182,761
Carrying amount	5,400,254		6,465,780
Leasehold Improvements [Member]
Gross carrying amount	63,555,792
Additions, Gross carrying amount	497,389
Disposals, Gross carrying amount	0
Gross carrying amount	64,053,181
Depreciation	21,649,590
Additions, Depreciation	6,911,786
Disposals, Depreciation	0
Depreciation	28,561,376
Carrying amount	35,491,805		41,906,202
Construction in Progress [Member]
Gross carrying amount	3,528,703
Additions, Gross carrying amount	2,371,796
Disposals, Gross carrying amount	0
Gross carrying amount	5,900,499
Depreciation	0
Additions, Depreciation	0
Disposals, Depreciation	0
Depreciation	0
Carrying amount	$ 5,900,499		$ 3,528,703

Note 6 - Intangible Assets (Det

Note 6 - Intangible Assets (Details Textual)				3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 15, 2023 USD ($)	Feb. 07, 2023 USD ($) $ / shares shares	Mar. 02, 2022 USD ($) shares	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) shares	Feb. 07, 2023 $ / shares	Mar. 02, 2022 $ / shares
Stock Issued During Period, Shares, Acquisitions (in shares) | shares						0		21,361,002
Impairment of Intangible Assets (Excluding Goodwill), Total						$ 39,649,448	$ 0
Asset Impairment Charges, Total				$ 39,649,448	$ 0	39,649,448	0
Next Green Wave Holdings Inc.(“NGW”) [Member]
Asset Impairment Charges, Total								$ (25,802,688)
Master License Florida [Member]
Impairment of Intangible Assets (Excluding Goodwill), Total	$ 39,649,448
Asset Impairment Charges, Total						39,649,448
Next Green Wave Holdings Inc.(“NGW”) [Member]
Business Acquisition, Percentage of Voting Interests Acquired			100%
Business Combination, Consideration Transferred, Total			$ 57,574,938			57,574,938
Payments to Acquire Businesses, Gross			14,788			14,788
Impairment of Intangible Assets (Excluding Goodwill), Total						6,947,778
Business Combination, Acquisition Related Costs			1,238,379
Next Green Wave Holdings Inc.(“NGW”) [Member] | Trade Names [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			$ 1,340,000
Finite-Lived Intangible Asset, Useful Life (Year)			3 years
Next Green Wave Holdings Inc.(“NGW”) [Member] | Canabis Licenses [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets			$ 11,840,000
Next Green Wave Holdings Inc.(“NGW”) [Member] | Options [Member]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable			1,239,818			1,239,818		$ 1,239,818
Next Green Wave Holdings Inc.(“NGW”) [Member] | Common Stock [Member]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable			$ 56,320,332			$ 56,320,332
Stock Issued During Period, Shares, Acquisitions (in shares) | shares			21,361,002			21,361,002
Business Acquisition, Share Price (in CAD per share) | $ / shares										$ 3.34
Planet 13 Illinois, LLC [Member]
Business Acquisition, Percentage of Voting Interests Acquired				51%		51%
Business Combination, Consideration Transferred, Total		$ 1,812,656
Payments to Acquire Businesses, Gross		866,250				$ 866,250	0
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 946,406				$ 946,406	$ 0
Business Acquisition, Share Price (in CAD per share) | $ / shares		$ 0.89
Planet 13 Illinois, LLC [Member] | Canada, Dollars
Business Acquisition, Share Price (in CAD per share) | $ / shares									$ 1.18
Planet 13 Illinois, LLC [Member] | Common Stock [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares		1,063,377				1,063,377		0

Note 6 - Intangible Assets - Sc

Note 6 - Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Intangible assets, gross			$ 69,660,229
Additions			1,812,656
Intangible assets, gross	$ 71,472,885		71,472,885		$ 69,660,229
Amortization of intangibles			372,222
Additions, amortization			0
Impairment Loss	39,649,448	$ 0	39,649,448	$ 0
Amortization of intangibles	40,021,670		40,021,670		372,222
Intangible assets, net	31,451,215		31,451,215		69,288,007
Retail Dispensary Santa Ana [Member]
Intangible assets, gross			6,151,343
Additions			0
Intangible assets, gross	6,151,343		6,151,343		6,151,343
Amortization of intangibles			0
Additions, amortization			0
Impairment Loss			0
Amortization of intangibles	0		0		0
Intangible assets, net	6,151,343		6,151,343		6,151,343
Retail Dispensary Clark County [Member]
Intangible assets, gross			690,000
Additions			0
Intangible assets, gross	690,000		690,000		690,000
Amortization of intangibles			0
Additions, amortization			0
Impairment Loss			0
Amortization of intangibles	0		0		0
Intangible assets, net	690,000		690,000		690,000
Cultivation and Production Clark County [Member]
Intangible assets, gross			709,798
Additions			0
Intangible assets, gross	709,798		709,798		709,798
Amortization of intangibles			0
Additions, amortization			0
Impairment Loss			0
Amortization of intangibles	0		0		0
Intangible assets, net	709,798		709,798		709,798
Master License Florida [Member]
Intangible assets, gross			55,846,866
Additions			0
Intangible assets, gross	55,846,866		55,846,866		55,846,866
Amortization of intangibles			0
Additions, amortization			0
Impairment Loss			39,649,448
Amortization of intangibles	39,649,448		39,649,448		0
Intangible assets, net	16,197,418		16,197,418		55,846,866
Cultivation, Coalinga, CA [Member]
Intangible assets, gross			6,232,222
Additions			0
Intangible assets, gross	6,232,222		6,232,222		6,232,222
Amortization of intangibles			372,222
Additions, amortization			0
Impairment Loss			0
Amortization of intangibles	372,222		372,222		372,222
Intangible assets, net	5,860,000		5,860,000		5,860,000
Retail Dispensary, Waukegan, IL [Member]
Intangible assets, gross			0
Additions			1,812,656
Intangible assets, gross	1,812,656		1,812,656		0
Amortization of intangibles			0
Additions, amortization
Impairment Loss			0
Amortization of intangibles	0		0		0
Intangible assets, net	1,812,656		1,812,656		0
Other Intangible Assets [Member]
Intangible assets, gross			30,000
Additions			0
Intangible assets, gross	30,000		30,000		30,000
Amortization of intangibles			0
Additions, amortization			0
Impairment Loss			0
Amortization of intangibles	0		0		0
Intangible assets, net	$ 30,000		$ 30,000		$ 30,000

Note 6 - Intangible Assets - _2

Note 6 - Intangible Assets - Schedule of Assets and Liabilities Acquired (Details) - USD ($)		9 Months Ended	12 Months Ended
	Mar. 02, 2022	Sep. 30, 2023	Dec. 31, 2022
Cash		$ 1,493,922
Next Green Wave Holdings Inc.(“NGW”) [Member]
Payments to Acquire Businesses, Gross	$ 14,788	14,788
Business Combination, Consideration Transferred	57,574,938	57,574,938
Inventory		3,077,367
Accounts Receivable		1,374,142
Property, plant and equipment		16,229,350
Intangible assets		13,180,000
Goodwill		25,802,688
Accounts Payable and Accrued Liabilities		(233,158)
Income taxes payable		(125,445)
Deferred tax liability		(3,223,928)
Next Green Wave Holdings Inc.(“NGW”) [Member] | Common Stock [Member]
Equity issued	56,320,332	56,320,332
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		57,574,938
Next Green Wave Holdings Inc.(“NGW”) [Member] | Options [Member]
Equity issued	$ 1,239,818	$ 1,239,818	$ 1,239,818

Note 6 - Intangible Assets - _3

Note 6 - Intangible Assets - Schedule of Assets and Liabilities Acquired (Details) (Parentheticals) - shares		9 Months Ended	12 Months Ended
	Mar. 02, 2022	Sep. 30, 2023	Dec. 31, 2022
Shares Issued on Acquisition (in shares)		0	21,361,002
Next Green Wave Holdings Inc.(“NGW”) [Member] | Common Stock [Member]
Shares Issued on Acquisition (in shares)	21,361,002	21,361,002
Next Green Wave Holdings Inc.(“NGW”) [Member] | Options [Member]
Options granted (in shares)		1,106,925

Note 6 - Intangible Assets- Pro

Note 6 - Intangible Assets- Pro Forma Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue, net of discounts	$ 24,788,239	$ 25,623,217	$ 75,536,347	$ 79,729,842
Gross Profit	$ 11,072,932	10,558,902	$ 33,837,978	37,284,413
Comprehensive loss for the period		(6,255,525)		(10,356,121)
Pro Forma [Member]
Revenue, net of discounts		25,623,217		80,600,493
Gross Profit		10,558,902		37,152,713
Comprehensive loss for the period		(6,255,525)		(11,224,246)
Next Green Wave Holdings Inc.(“NGW”) [Member]
Revenue, net of discounts		0		870,651
Gross Profit		0		(131,700)
Comprehensive loss for the period		$ 0		$ (868,125)

Note 6 - Intangible Assets - Im

Note 6 - Intangible Assets - Impairment Testing Assumptions (Details)	9 Months Ended
	Sep. 30, 2023
Years of cash flows before terminal value (Year)	6 years
Discount rate	19.25%
Terminal value multiple / rate	5.8

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Lessee, Operating Lease, Term of Contract, Renewal Periods	2		2
Operating Lease, Cost	$ 1,257,099	$ 1,183,959	$ 3,756,133	$ 3,364,265
Operating Lease Cost, Capitalized to Inventory	$ 489,239	$ 460,004	$ 1,409,248	$ 1,380,013
Building [Member] | Minimum [Member]
Lessee, Operating Lease, Term of Contract (Year)	7 years		7 years
Building [Member] | Maximum [Member]
Lessee, Operating Lease, Term of Contract (Year)	21 years		21 years

Note 7 - Leases - Lease Cost (D

Note 7 - Leases - Lease Cost (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating lease costs	$ 1,257,099	$ 1,183,959	$ 3,756,133	$ 3,364,265
Short term lease expense	10,219	3,473	35,196	5,057
Total lease costs	$ 1,267,318	$ 1,187,432	$ 3,791,329	$ 3,369,322
Weighted average discount rate, finance lease	15%	15%	15%	15%
Weighted average discount rate, operating lease	15%	15%	15%	15%
Weighted average remaining lease term, operating lease (Year)	12 years 11 months 8 days	16 years 2 months 15 days	12 years 11 months 8 days	16 years 2 months 15 days

Note 7 - Leases - Maturity of C

Note 7 - Leases - Maturity of Contractual Undiscounted Lease Liabilities (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
One year, finance lease	$ 4,314,119
One year, operating lease			$ 4,052,167
Two years, finance lease	4,438,296
Two years, operating lease			4,214,502
Three years, finance lease	4,445,139
Three years, operating lease			4,302,534
Four years, finance lease	4,495,801
Four years, operating lease			4,303,434
Five years, finance lease	4,676,167
Five years, operating lease			4,389,610
Thereafter, finance lease	57,498,479
Thereafter, operating lease			58,274,870
Total undiscounted lease liabilities, finance lease	79,868,001
Total undiscounted lease liabilities, operating lease			79,537,117
Interest on lease liabilities, finance lease	(52,624,158)
Interest on lease liabilities, operating lease			(53,224,885)
Total present value of minimum lease payments, finance lease	27,243,843
Total present value of minimum lease payments, operating lease			26,312,232
Lease liability - current portion, finance lease	(580,142)
Lease liability - current portion, operating lease	(580,142)	$ (479,161)	(479,161)
Lease liability, finance lease	26,663,701
Lease liability, operating lease	$ 26,663,701	$ 25,833,071	$ 25,833,071

Note 8 - Notes Payable - Notes

Note 8 - Notes Payable - Notes Payable to Non-related Parties (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Promissory note	$ 884,000	$ 884,000
Less current portion	(884,000)	(884,000)
Next 12 months Promissory Note		884,000
Promissory note dated November 4, 2015 [Member]
Promissory note	$ 884,000	$ 884,000

Note 8 - Notes Payable - Note_2

Note 8 - Notes Payable - Notes Payable to Non-related Parties (Details) (Parentheticals)	Sep. 30, 2023	Dec. 31, 2022
Promissory note dated November 4, 2015 [Member]
Interest rate	5%	5%

Note 9 - Share Capital (Details

Note 9 - Share Capital (Details Textual)	9 Months Ended	12 Months Ended
	Sep. 30, 2023 $ / shares shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2022 CAD ($) $ / shares shares
Common Stock, Shares Authorized (in shares)	1,500,000,000	1,500,000,000	1,500,000,000
Preferred Stock, Shares Authorized (in shares)	50,000,000	50,000,000	50,000,000
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total (in shares)	714,416	81,084	81,084
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0	1,106,925	1,106,925
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period (in shares)	189,393	386,250	386,250
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)	0	97,325	97,325
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in CAD per share) | $ / shares	$ 0		$ 1.31
Proceeds from Stock Options Exercised		$ 97,980	$ 127,496
Class of Warrant or Right, Expirations (in shares)	5,206,463
Stock Issued During Period, Shares, Exercise of Warrants (in shares)	0	242,700	242,700
Class of Warrant or Right, Exercised During Period (in shares)	0	242,700	242,700
Proceeds from Warrant Exercises		$ 1,044,258	$ 1,407,660
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)	1,191,923
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	477,507	0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Settled in Period (in shares)	714,416
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares)	81,159

Note 9 - Share Capital - Number

Note 9 - Share Capital - Number of Common Shares (Details) - shares		9 Months Ended	12 Months Ended
	Feb. 07, 2023	Sep. 30, 2023	Dec. 31, 2022
Balance at January 1 (in shares)		220,470,061	198,687,950
Shares Issued on Settlement of RSUs (in shares)		714,416	81,084
Shares issued on exercise of options (in shares)		0	97,325
Shares issued on exercise of warrants (in shares)		0	242,700
Shares Issued on Acquisition (in shares)		0	21,361,002
Total shares of common stock outstanding (in shares)		222,247,854	220,470,061
Planet 13 Illinois, LLC [Member] | Common Stock [Member]
Shares issued on exercise of purchase option (Note 6) (in shares)	1,063,377	1,063,377	0

Note 10 - Warrants - Summary of

Note 10 - Warrants - Summary of Fair Value of Warrant Liability (Details) - Warrants [Member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Balance	$ 18,127	$ 7,206,049
Expirations	(18,127)	0
Foreign exchange	0	(10,117)
Change in fair value	0	(7,177,805)
Balance	$ 0	$ 18,127

Note 10 - Warrants - Summary _2

Note 10 - Warrants - Summary of the Number of Warrants Outstanding (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Balance - beginning of year, warrants (in shares)	5,206,463	8,861,951
Balance - beginning of year, weighted average exercise price (in CAD per share)	$ 8.88	$ 7.46
Exercised, warrants (in shares)	0	(242,700)
Exercised, weighted average exercise price (in CAD per share)	$ 0	$ 5.8
Expired, warrants (in shares)	(5,206,463)	(3,412,788)
Expired, weighted average exercise price (in CAD per share)	$ 8.88	$ 5.41
Balance - end of year, warrants (in shares)	0	5,206,463
Balance - end of year, weighted average exercise price (in CAD per share)	$ 0	$ 8.88

Note 10 - Warrants - Assets and

Note 10 - Warrants - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Inputs, Level 1 [Member]
Warrant liability	$ 0	$ (18,127)
Fair Value, Inputs, Level 3 [Member]
Warrant liability	$ 0	$ (18,127)

Note 11 - Share Based Compens_3

Note 11 - Share Based Compensation (Details Textual) - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 02, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				0		1,106,925
Share-Based Payment Arrangement, Expense		$ 602,977	$ 2,037,765	$ 1,926,595	$ 6,154,338
Next Green Wave Holdings Inc.(“NGW”) [Member] | Options [Member]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 1,239,818			$ 1,239,818		$ 1,239,818
Share-Based Payment Arrangement, Option [Member] | Next Green Wave Holdings Inc.(“NGW”) [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)						1,106,925
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)				1,191,923
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Exercised (in shares)				714,416		81,084
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)				477,507		0
The Plan and 2023 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)		22,000,000		22,000,000
The Prior Plans [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Issued Outstanding (in shares)		1,926,861		1,926,861
The 2023 Equity Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Issuance (in shares)		20,073,139		20,073,139
The Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		0		0		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value				$ 0		$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value		$ 0		0		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value		0		$ 0		$ 0
The Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentage of Outstanding Stock Maximum				10%
Share-Based Payment Arrangement, Expense				$ 0	0
The Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)				5 years
The RSU Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Percentage of Outstanding Stock Maximum						10%
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)				5 years
Share-Based Payment Arrangement, Expense		$ 602,977	$ 2,037,765	$ 1,926,595	$ 6,154,338
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)				0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)				1,191,923	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Exercised (in shares)				1,191,923	0
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)				477,507

Note 11 - Share Based Compens_4

Note 11 - Share Based Compensation - Summary of Stock Options Outstanding (Details) - $ / shares	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Exercise price (in CAD per share)	$ 2.47	$ 2.34	$ 2.01
Outstanding (in shares)	603,125	792,518	169,168
Exercisable (in shares)	603,125	792,518
Expires June 11, 2023 [Member]
Exercise price (in CAD per share)	$ 1.31
Outstanding (in shares)	185,203	185,203
Exercisable (in shares)	185,203	185,203
Expires February 27 ,2025 [Member]
Exercise price (in CAD per share)	$ 1.31
Outstanding (in shares)	51,525	51,525
Exercisable (in shares)	51,525	51,525
Expires June 30, 2024 [Member]
Exercise price (in CAD per share)	$ 3.06
Outstanding (in shares)	269,075	269,075
Exercisable (in shares)	269,075	269,075
Expires November 21, 2024 [Member]
Exercise price (in CAD per share)	$ 4.37
Outstanding (in shares)	97,322	120,222
Exercisable (in shares)	97,322	120,222
Expires in July 6, 2025 [Member]
Exercise price (in CAD per share)	$ 1.31
Outstanding (in shares)	0	97,325
Exercisable (in shares)	0	97,325
Expires December 15, 2025 [Member]
Exercise price (in CAD per share)	$ 0.8
Outstanding (in shares)	0	61,668
Exercisable (in shares)	0	61,668
Expires in September 30, 2026 [Member]
Exercise price (in CAD per share)	$ 2.6
Outstanding (in shares)	0	7,500
Exercisable (in shares)	0	7,500

Note 11 - Share Based Compens_5

Note 11 - Share Based Compensation - Options Activity (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Balance - beginning of year, options (in shares)	792,518	169,168
Balance - beginning of year, weighted average exercise price (in CAD per share)	$ 2.34	$ 2.01
Issued, options (in shares)	0	1,106,925
Issued, weighted average exercise price (in CAD per share)	$ 0	$ 2.58
Exercised, options (in shares)	0	(97,325)
Exercised, weighted average exercise price (in CAD per share)	$ 0	$ 1.31
Expired, options (in shares)	(189,393)	(386,250)
Expired, weighted average exercise price (in CAD per share)	$ 0.8	$ 3.11
Balance - end of year, options (in shares)	603,125	792,518
Balance - end of year, weighted average exercise price (in CAD per share)	$ 2.47	$ 2.34

Note 11 - Share Based Compens_6

Note 11 - Share Based Compensation - Summary of RSUs Outstanding (Details) - Restricted Stock Units (RSUs) [Member] - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Balance - beginning of period (in shares)	2,464,928	2,591,929
Exercised (in shares)	(714,416)	(81,084)
Surrendered for taxes (in shares)	(477,507)	0
Forfeited (in shares)	81,159	45,917
Balance - end of period (in shares)	1,191,846	2,464,928

Note 12 - Loss Per Share (Detai

Note 12 - Loss Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	1,926,861	12,328,398	1,926,861	12,328,398

Note 12 - Loss Per Share - Sche

Note 12 - Loss Per Share - Schedule of Loss Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Loss available to common shareholders	$ (45,980,990)	$ (6,255,525)	$ (56,634,562)	$ (10,356,121)
Basic and diluted (in shares)	222,080,513	220,146,277	221,712,138	215,321,796
Basic and diluted loss per share (in dollars per share)	$ (0.21)	$ (0.03)	$ (0.26)	$ (0.05)

Note 13 - General and Adminis_3

Note 13 - General and Administrative - Schedule of General and Administrative Expense (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Salaries and wages	$ 3,873,582	$ 3,574,834	$ 11,417,701	$ 11,369,684
Share based compensation	602,977	2,037,765	1,926,595	6,154,338
Executive compensation	701,329	780,169	2,168,610	2,214,009
Licenses and permits	594,162	710,951	1,845,608	2,168,616
Payroll taxes and benefits	826,827	929,679	2,556,998	2,990,456
Supplies and office expenses	408,404	258,468	1,074,602	758,924
Subcontractors	527,039	399,982	1,559,001	1,532,880
Professional fees (legal, audit and other)	2,312,808	947,922	6,898,241	4,458,370
Miscellaneous general and administrative expenses	1,493,550	1,670,185	4,119,699	5,160,422
General and Administrative Expense	$ 11,340,678	$ 11,309,955	$ 33,567,055	$ 36,807,699

Note 14 - Supplemental Cash F_3

Note 14 - Supplemental Cash Flow Information - Schedule of Supplemental Cash Flow Information (Details) - USD ($)		9 Months Ended
	Feb. 07, 2023	Sep. 30, 2023	Sep. 30, 2022
Accounts Receivable		$ 106,586	$ 1,363,675
Inventory		(1,877,951)	3,831,613
Prepaid Expenses and Other Assets		620,819	923,625
Long-term Deposits and Other Assets		29,692	199,109
Deferred Tax Assets		(3,744)	(43,617)
Accounts Payable		(403,917)	(259,295)
Accrued Expenses		(1,756,583)	(1,109,964)
Income Taxes Payable		28,815	(1,104,371)
Increase (Decrease) in Operating Capital		(3,256,283)	3,800,775
Interest Paid On Leases		3,055,862	0
Income Taxes		7,540,000	7,925,000
Initial Recognition of Fair Value of Net Assets Acquired in NGW Acquisition in Exchange for Shares, excluding Cash		0	22,109,890
Initial Recognition of ROU Assets and Lease Liabilities		0	2,326,202
Lease additions		954,496	0
Fixed Asset Amounts in Accounts Payable		305	363,077
Reclassification of long term lease liabilities to current		100,982	24,659
Early Termination of Operating Lease		0	371,381
Planet 13 Illinois, LLC [Member]
Equity issued	$ 946,406	$ 946,406	$ 0

Note 15 - Related Party Trans_2

Note 15 - Related Party Transactions and Balances (Details Textual)	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Mar. 14, 2022 ft²
CoCEO [Member]
Marketing Expense	$ 0	$ 183,914
Executive Officer [Member] | Storage Space [Member]
Rental Income, Nonoperating	0	5,968
Office Building [Member]
Area of Real Estate Property (Square Foot) | ft²			2,000
Office Building [Member] | CoCEO [Member]
Payments for Rent	$ 0	$ 6,010

Note 16 - Commitments and Con_2

Note 16 - Commitments and Contingencies (Details Textual) Pure in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)	Dec. 31, 2022
Loss Contingency, Pending Claims, Number	0	0
Capital Addition Purchase Commitments [Member]
Long-Term Purchase Commitment, Amount	$ 7,652,142

Note 17 - Risks (Details Textua

Note 17 - Risks (Details Textual)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 CAD ($)
Cash	$ 175,535	$ 1,172,859
Sensitivity Analysis of Foreign Currency, Impact of 10 Percent Adverse Change in Conversion Rate	$ 17,554

Note 18 - Disaggregation of Rev

Note 18 - Disaggregation of Revenue - Disaggregation of Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net revenues	$ 24,788,239	$ 25,623,217	$ 75,536,347	$ 79,729,842
Retail [Member]
Net revenues	20,423,455	19,714,983	62,136,357	69,660,303
Wholesale [Member]
Net revenues	$ 4,364,784	$ 5,908,234	$ 13,399,990	$ 10,069,539

Note 19 - Government Assistan_2

Note 19 - Government Assistance Program (Details Textual) - USD ($)	Jun. 15, 2023	Dec. 27, 2020	Mar. 27, 2020
Employee Retention Credit, Available Credit, Percentage of Qualified Wages		70%	50%
Employee Retention Credit, Qualified Wages, Maximum Amount Per Quarter		$ 10,000	$ 10,000
Employee Retention Credit, Maximum Wages Per Qualified Employee Per Quarter		$ 7,000	$ 5,000
ERC Credit [Member]
Government Assistance, Amount	$ 1,955,711