Planet 13 Exercises and Closes Option to Buy Remaining 51% in Illinois Dispensary

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Feb 08, 2023

LAS VEGAS, NV / ACCESSWIRE / February 7, 2023 / Planet 13 Holdings Inc. (CSE:PLTH)(OTCQB:PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated multi-state cannabis company, announced today that Planet 13 has exercised and closed its option to purchase the remaining 51% in Planet 13 Illinois, LLC ("Planet 13 Illinois") from Frank Cowan for US$866,250 in cash and 1,063,377 common shares of Planet 13 (the "Planet 13 Shares") pursuant to an option purchase agreement entered into on August 4, 2022. Please see the Company's press release dated August 5, 2022, for further details.