Planet 13 Holdings Inc. (PLNH): M&A transaction — Planet 13 completes VidaCann acquisition; VidaCann FY2023 revenue $34.3M, net income $1.5M

Planet 13 Holdings Inc.

Planet 13 acquired VidaCann, a Florida medical marijuana operator with 27 dispensaries, cultivation, and manufacturing.
Consideration: ~78.5M Planet 13 shares, $4M cash, and $5M promissory notes.
VidaCann's audited FY2023: net sales $34.3M, net income $1.5M, total assets $48.8M.
VidaCann had $2.5M cash, $5.4M inventory, and $3.0M line of credit at Dec 31, 2023.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Planet 13 Holdings Inc. completed an acquisition involving VidaCann, LLC (closed 2024-05-10).

Action: acquisition
Counterparty: VidaCann, LLC
Closing: 2024-05-10

Exact text from the filing

reporting the completion of its acquisition of all of the membership interests in VidaCann, LLC

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Planet 13 Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-023359

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