Mergers & Acquisitions ·
On July 26, 2026, Planet 13 Holdings Inc. entered into an Agreement and Plan of Merger with Vireo Growth Inc.…
PLNHPlanet 13 Holdings Inc.
On July 26, 2026, Planet 13 Holdings Inc. entered into an Agreement and Plan of Merger with Vireo Growth Inc., pursuant to which Vireo will acquire all outstanding equity interests of Planet 13 through a merger with a wholly owned subsidiary. The transaction involves an exchange ratio where each share of Planet 13 common stock converts into 0.015383618 subordinate voting shares of Vireo. The board unanimously recommended approval, subject to customary conditions including shareholder votes and regulatory approvals. Outstanding options above the merger value will be cancelled, while RSUs vest immediately prior to closing. A $1.8 million termination fee applies if the deal is terminated under specific circumstances. Planet 13 Holdings Inc. operates in the cannabis retail industry.