secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001437749-24-014930
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet 13 closes sale of Florida subsidiary for $9M cash; sets stage for VidaCann acquisition
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- Sold 100% of Planet 13 Florida equity to SGW FL Enterprises for US$9,000,000 on May 6, 2024.
- Planet 13 Florida held a medical marijuana treatment center license from Florida Dept. of Health.
- Florida sale is a condition to the pending VidaCann acquisition; closing expected in May 2024.
- Approval from Florida Office of Medical Marijuana Use received April 26, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924014930/0001437749-24-014930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924014930/plnh20240506_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014930

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