secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001437749-24-006437
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet 13 starts underwritten public offering of units; provides VidaCann acquisition pro forma financials
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- Commenced underwritten public offering of units (common stock + warrant); Canaccord Genuity sole book-runner.
- Pro forma combined revenue for nine months ended Sep 30, 2023: $100.3M; net loss $66.4M.
- Pro forma full year 2022 revenue: $141.1M; net loss $61.3M.
- Acquisition of VidaCann valued at ~$77.3M (78.46M shares, $4M cash, $5M notes); goodwill ~$55.4M.
- Pending disposition of Planet 13 Florida (MMTC license) for $9M cash; expected close Q1/Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924006437/0001437749-24-006437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924006437/plnh20240228_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-006437

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