secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K/A
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001437749-24-023359
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet 13 completes VidaCann acquisition; VidaCann FY2023 revenue $34.3M, net income $1.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924023359/0001437749-24-023359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924023359/plnh20240724_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023359

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