LAS VEGAS, NV / ACCESSWIRE / April 29, 2024 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNH) (“Planet 13” or “Firm“), a vertically built-in multi-state hashish firm, introduced immediately that it has obtained approval for the proposed sale of Planet 13 Florida, Inc. (“Planet 13 Florida”), and approval for the proposed acquisition of VidaCann, LLC (“VidaCann”), every of which holds a Medical Marijuana Therapy Heart License from the Florida Workplace of Medical Marijuana Use (“OMMU”).
The approval by OMMU of the sale of Planet 13 Florida and the acquisition of VidaCann (collectively, the “Transactions”) are the ultimate regulatory approvals required by Planet 13 to shut the Transactions. The Firm has prolonged the time limit of the VidaCann acquisition to Might 31, 2024 and at present expects to shut the transactions in Might 2024.
About Planet 13
Planet 13 (https://planet13.com/buyers/) is a vertically built-in hashish firm, with award-winning cultivation, manufacturing and dispensary operations at places in California, Nevada, Illinois, and future websites in Florida. Residence to the nation's largest dispensary situated simply off the Strip in Las Vegas, Planet 13 continues to develop its footprint. With the latest debut of its first Las Vegas shopper lounge, DAZED!, and the opening of its first Illinois dispensary in Waukegan, bringing unparalleled hashish experiences to the Chicago metropolitan space. Planet 13 has a medical marijuana therapy middle license in Florida that permits for statewide growth within the Sunshine State. Planet 13's mission is to construct a globally acknowledged model recognized for first-class dispensary operations and revolutionary hashish merchandise. Licensed hashish exercise is authorized within the states wherein Planet 13 operates, however stays unlawful underneath US federal regulation. Planet 13 shares commerce on the Canadian Securities Change (CSE) underneath the image PLTH and are listed on the OTCQX underneath the image PLNH.
Cautionary Word Relating to Ahead-Trying Data
This press launch accommodates forward-looking data and forward-looking statements inside the that means of relevant securities legal guidelines. All statements, aside from statements of historic reality, are forward-looking statements and are sometimes, however not all the time, recognized by such phrases “plans“, “grasp on“, “proposed“, “Might“, “may“, “would have“, “he intends“, “he anticipates“o “I imagine“, or variations of such phrases and phrases. On this press launch, forward-looking statements relate to the timing and completion of the Transactions. Such forward-looking statements mirror what the Firm's administration believes, or believes on the time, to be affordable assumptions and due to this fact, readers are cautioned to not place undue reliance on such forward-looking statements and that precise outcomes might differ from such forward-looking statements. statements. These assumptions, dangers and uncertainties which will trigger precise outcomes to vary embrace, amongst others, the potential that different situations to the closing of the Transactions will not be glad or the prevalence of any occasion, change or different circumstances that would provides rise to the operation. the termination of the agreements concerning the Transactions and people assumptions, dangers and uncertainties mentioned within the part “Danger components” within the Firm's Annual Report on Type 10-Ok for the 12 months ended December 31, 2023 and any of the Firm'Subsequent periodic experiences filed with the US Securities and Change Fee at www.sec.gov and on SEDAR+ at www.sedarplus.ca. Ahead-looking statements contained herein are made solely as of the date of this press launch and we undertake no obligation to replace or revise any forward-looking statements if they modify, besides as required by regulation. No inventory change, securities fee or different regulatory authority has authorised or disapproved of the knowledge contained herein.
For additional questions, please contact:
Robert Groesbeck or Larry Scheffler
Co-Chief Govt Officers
ir@planet13lasvegas.com
SOURCE: Planet 13 Holdings
