Just one other thing to add on Chris' comments on the cancellations. There's not many brands will be adding hundreds of locations in the coming years. Our next question comes from the line of John Heinbockel of Guggenheim Securities. The $30.3 million decrease was due to lower membership fees due to the closure of our corporate stores. Accordingly, you should not place undue reliance on these forward-looking statements. So the commitment is sort of the same. You mentioned that the average across the store base that's open is about 60%. Okay. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. And we've seen, historically, forever, in and around build dates before a slightly a few days after cancellations spike around that. Jonathan Robert Komp -- Robert W. Baird & Co -- Analyst, John Edward Heinbockel -- Guggenheim Securities -- Analyst, Simeon Avram Siegel -- BMO Capital Markets -- Analyst, Randal J. Konik -- Jefferies LLC, -- Analyst, Oliver Chen -- Cowen and Company, -- Analyst, Sharon Zackfia -- William Blair & Company -- Analyst, John William Ivankoe -- JPMorgan Chase & Co -- Analyst, Joseph Nicholas Altobello -- Raymond James & Associates -- Analyst, Rafe Jason Jadrosich -- BofA Merrill Lynch, -- Analyst. Whereas in last year's Q2, membership per store increased by approximately 3% or 190 members. The decrease was primarily due to lower replacement equipment sales to existing franchisee owned stores as well as lower new store equipment sales. A reconciliation of adjusted EBITDA to GAAP net income or loss can also be found in the earnings release. On today's call are Chris Rondeau, Chief Executive Officer; Dorvin Lively, President; and Tom Fitzgerald, Chief Financial Officer. So I'm not sure if that... No, I'm asking as of July. As long as you don't have more closures, like California and Arizona, and that doesn't seem to ramp. So that's always really affordable. By segment, franchise adjusted EBITDA was $3.6 million, corporate store adjusted EBITDA was negative $5.9 million and equipment adjusted EBITDA was $1.3 million. It's a car member at home that says cheerleading stuff they've done and the protocols in place. And as we said, no one through all of these discussions has raised their hand and said, "I need financial help, right? Yes. So 72% of stores open, is that enough to cover kind of all of the corporate G&A and so on with the organization? We'll continue to proceed cautiously until there is greater certainty on when conditions will return to normal. From an EBITDA standpoint, we were negative. No, there weren't any additional ones. While in Q1, we saw a 30 basis point improvement year-over-year. Stock Advisor launched in February of 2002. Planet Fitness Inc (PLNT) Q2 2020 Earnings Call Transcript ... Why Planet Fitness and Floor & Decor Holdings … It's I think it's still going to take a little bit of time to get kind of to the other side of this to see how fast they might try to get their development schedule back opening. So even though we were 58% of the Black Card, I'm not sure that, that's necessarily going to be the normal as opposed. As now, we have three quarters of the stores open, hopefully, the next 500 or so will get the green light shortly, which time will tell, and it's very fluid at this point on those that the second half of the year, as we now collect in the NAF again, which is the 2% on EFT, we're lining up to probably start the first natural sales in September. Your line is open. To be more specific, there were 297 stores that drafted in May and 1,357 that drafted in June. So there's a lot more smaller book smaller one-off scenarios, but there's a lot more of those than there are national chains, right? Our cost of revenue was primarily relates to direct cost of equipment sales to new and existing franchise owned stores amounted to $8.5 million compared to $54.4 million a year ago, a decrease of 84.4%, in line with the revenue decrease, as previously discussed. New Year's Eve, yes, they're still in play. But in at the current run rate, are you profitable? Now remember that the other 500 stores that open those 500 still have to go through that same process of starting that back up. Your next question comes from the line of Simeon Siegel of BMO. Your next question comes from the line of Joe Altobello of Raymond James. Certainly, at least wanted to hear your perspective on that, which is very helpful. I mean the reason be cancellations, generally, people are using the workouts or facilities. The lenders across the board have said they will they are being accommodating. Your next question comes from the line of Oliver Chen of Cowen. Yes. Total long-term debt, excluding deferred financing costs, was $1.80 billion as of June 30, 2020, consisting of our three tranches of securitized debt and $75 million of variable funding notes. Usage has remained strong, particularly in stores opened the longest. Now they're back to the normal attrition. Find real-time PLNHF - Planet 13 Holdings Inc stock quotes, company profile, news and forecasts from CNN Business. So it's I think it's a good spot. Chris, any way to quantify gross adds versus cancellations? They've said wait for each other. Yes. And so they're dealing more with the immediacy of that than they are out there trying to release space. Should we expect that to be a headwind on the comp when we do year-over-year? I think the one thing I would add to this is that we're I'm extremely happy about and proud of is that the franchisees collectively with us and with the independent franchise council. Since the majority of our corporate stores were still closed in Q2, the $9.4 million of revenue includes the recognition of annual dues previously collected and $1.8 million of revenue deferrals from stores closed after the March draft due to COVID-19 and recognized in the second quarter. We should get through this together. Because they haven't been dressed it for three or four months, which we've seen we always have cancels around draft dates, so we just playing catch up at this point because we're building, which time will tell, so the next couple of drafts here. See you at the top! And for the most part, they're waving as long as the stores are closed, and then they're going to revisit the metrics upon reopening, which is the franchisee share with them for their own stores. Any perspective on whether what you've seen in July? Planet 13 Holdings will host a conference call on June 1 st, 2020 at 5:00 p.m. EST to discuss its first quarter financial results and provide investors with key business highlights. NEW YORK, NY / ACCESSWIRE / August 30, 2019 / Planet 13 Holdings, Inc. (OTCQX: PLNHF) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 30, 2019 at 8:30 AM Eastern Time. So we got a lot of people trading down from higher-priced clubs, but the sophistication in our system at that point was a very it was a lot a lot harder to weather that kind of storm. These are fees we received for the assembly and placement of equipment sales to our franchise owned stores within the U.S. As Chris discussed, across the 1,490 stores that were opened by the end of the second quarter, membership levels remained relatively flat at the end of the second quarter versus the membership levels when the store is reopened. I think one thing we've got to work as a team here from Planet's standpoint is that if you think about we're really a key integral piece of the healthcare distribution process. And I did hear in the prepared remarks, comments about getting better lease terms from landlords, more sites coming available, more flexible terms, what have you? So the people who have less angst. The thing though, what happened I think, in July, when you just started seeing the reclosing through more of the type of resurgence, things kind of just went flat, where we were saying before how every week, it was going up five, 10 points in usage, and then it kind of got to 60% just kind of stayed there, and it hasn't really progressed since some resurgence to some of the states. https://www.investornetwork.com/company/C-DAA1BE6431C4A. I think the financial piece, our membership is in $10 a month anyway. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products. So we don't know what will happen in this case. This is Dorvin. Read The Full Story Here COVID-19 pandemic continues to present challenges for our business.