---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-002772"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T21:58:10.384187+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-002772
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813452/000143774923002772/0001437749-23-002772-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774923002772/plnhf20230207b_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-002772
- JSON: https://secwatch.observer/filing/0001437749-23-002772.json
- Plain text: https://secwatch.observer/filing/0001437749-23-002772.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.