---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-001832"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:45:41.569125+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Planet 13 agrees to sell Florida MMTC license for $9M to facilitate VidaCann acquisition

## Summary
- Sells Planet 13 Florida stock to SGW FL Enterprises for $9M cash at closing.
- Sale of surplus license is a condition to close the previously announced VidaCann acquisition.
- Transaction expected to close in Q1 2024 subject to regulatory approvals and VidaCann closing.
- Canaccord Genuity acting as financial advisor for the sale.

## SEC filing metadata
- accession: 0001437749-24-001832
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813452/000143774924001832/0001437749-24-001832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774924001832/plnh20240119_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-001832
- JSON: https://secwatch.observer/filing/0001437749-24-001832.json
- Plain text: https://secwatch.observer/filing/0001437749-24-001832.txt

## Key facts
- Material Agreements
  Planet 13 Holdings Inc. entered into Stock Purchase Agreement with SGW FL Enterprises, LLC valued at US$9,000,000 (effective 2024-01-22).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: SGW FL Enterprises, LLC
  - Value: US$9,000,000
  - Effective: 2024-01-22
  source text: On January 22, 2024, Planet 13 Holdings Inc. (the “ Company ”) entered into a Stock Purchase Agreement (the “ Purchase Agreement ”) with SGW FL Enterprises, LLC (the “ Buyer ”), pursuant to which, upon the terms and subject to the conditions set forth therein, the Company will sell all of the issued and outstanding shares of common stock (the “ Shares ”) of Planet 13 Florida Inc. (the “ Transaction ”), which owns a medical marijuana treatment center license issued by the Florida Department of Health (the “ MMTC License ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774924001832/0001437749-24-001832-index.htm

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