Planet 13 receives Florida OMMU approval for VidaCann acquisition; expects close in May

Planet 13 Holdings Inc.

OMMU approved sale of Planet 13 Florida and acquisition of VidaCann, final regulatory clearances obtained.
VidaCann acquisition end date extended from April 30 to May 31, 2024 via First Amendment.
Company expects to close both Transactions in May 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Planet 13 Holdings Inc. amended First Amendment to the Purchase Agreement with VidaCann, LLC; Loop’s Dispensaries, LLC; Ray of Hope 4 Florida, LLC; Loops Nursery & Greenhouses, Inc.; David Loop; Mark Ascik (effective 2024-04-26).

Action: amendment
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: 2024-04-26

Exact text from the filing

On April 26, 2024, the parties entered into a First Amendment to the Purchase Agreement (the “First Amendment”) to extend the End Date to May 31, 2024.

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Planet 13 Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-013545

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