secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001437749-23-002772
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774923002772/0001437749-23-002772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774923002772/plnhf20230207b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002772

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer