Vireo Growth to acquire Planet 13 in all-stock deal; 16.6% premium to 20-day VWAP

Vireo Growth Inc.

Each Planet 13 share to be exchanged for 0.015383618 Vireo subordinate voting shares.
Consideration represents 16.6% premium to Planet 13's 20-day VWAP and 24% premium to July 24 closing price.
Transaction adds 36 dispensaries, including Las Vegas superstore, 33 Florida dispensaries, and one Illinois dispensary.
Pro forma, Vireo expected to operate ~265 dispensaries across 15 states, becoming largest U.S. cannabis operator by dispensary count.
Closing conditions include Planet 13 stockholder approval, SEC Form S-4 effectiveness, CSE listing, and cannabis regulatory approvals.

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