Mergers & Acquisitions ·
Planet 13 Holdings Inc. entered into a definitive merger agreement with Vireo Growth Inc. on July 26, 2026
PLNHPlanet 13 Holdings Inc.
Planet 13 Holdings Inc. entered into a definitive merger agreement with Vireo Growth Inc. on July 26, 2026. Under the terms, Vireo's subsidiary, Supernova Merger Sub Inc., will merge into Planet 13, making Planet 13 a wholly owned subsidiary of Vireo. Planet 13 stockholders will receive 0.015383618 of a Vireo subordinate voting share for each share held, representing a 16.6% premium over the 20-day volume-weighted average price as of July 24, 2026. The transaction is subject to stockholder approval and regulatory clearances. Planet 13 is a vertically integrated cannabis company operating in Nevada, Illinois, and Florida.