Planet 13 exercises option to buy remaining 51% of Illinois dispensary for cash and shares

Planet 13 Holdings Inc.

Paid $866,250 cash + 1,063,377 common shares (valued at ~$950,021 at exercise) for full ownership of Planet 13 Illinois.
Acquires remaining 51% interest; now owns 100% of Waukegan, Illinois dispensary.
Dispensary located off I-94 near Milwaukee and Chicago, adjacent to approved casino project.
Construction underway; opening expected later in 2023 with all local/state approvals except final check.
Shares subject to 4-month hold in Canada and 6-month lock-up under Rule 144, then monthly releases.

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