---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-024785"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2023-08-29T23:59:59+00:00"
generated_at: "2026-06-11T02:28:12.171410+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Planet 13 to acquire VidaCann for ~$48.9M in stock, cash, and notes

## Summary
- Total consideration: 78.46M shares (~$39.8M), $4M cash, $5M promissory notes; total ~$48.9M.
- Post-closing, former VidaCann equityholders and advisor will own ~26.09% of Planet 13 on a fully diluted basis.
- VidaCann operates 26 dispensaries in Florida (9th largest network) with a cultivation and processing facility.
- Acquisition expected to close in Q1 2024, subject to regulatory approvals and sale of Planet 13's existing Florida license.
- Sellers granted right to nominate one additional director to Planet 13's board; shares subject to lock-up (1/3 released every 6 months).

## SEC filing metadata
- accession: 0001437749-23-024785
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2023-08-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813452/000143774923024785/0001437749-23-024785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774923024785/plnhf20230807_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-024785
- JSON: https://secwatch.observer/filing/0001437749-23-024785.json
- Plain text: https://secwatch.observer/filing/0001437749-23-024785.txt

## Key facts
- Material Agreements
  Planet 13 Holdings Inc. entered into Membership Interest Purchase Agreement with VidaCann, LLC, Loop's Dispensaries, LLC, Ray of Hope 4 Florida, LLC, Loops Nursery & Greenhouses, Inc., David Loop, Mark Ascik (effective 2023-08-28).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: VidaCann, LLC, Loop's Dispensaries, LLC, Ray of Hope 4 Florida, LLC, Loops Nursery & Greenhouses, Inc., David Loop, Mark Ascik
  - Effective: 2023-08-28
  source text: On August 28, 2023, Planet 13 Holdings Inc. (the “Company”) entered into a Membership Interest Purchase Agreement (“Purchase Agreement”) with VidaCann, LLC (“VidaCann”), Loop’s Dispensaries, LLC (“Dispensaries”), Ray of Hope 4 Florida, LLC (“Ray of Hope”) and Loops Nursery & Greenhouses, Inc. (“Nursery” and together with Dispensaries and Ray of Hope, the “Sellers”), David Loop (“Loop”) and Mark Ascik (together with Loop, the “Indemnifying Members”) and Loop, solely in his capacity as Seller Representative
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774923024785/0001437749-23-024785-index.htm

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