PRESS RELEASE
News
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PRESS RELEASE
Planet 13 Announces Expansion of Leadership Team and Board
Planet 13 Holdings Inc. announces appointments of Lee Fraser as Chief Administrative Officer, Tatev Oganyan as General Counsel, and Kevin Martin to the board of directors. Fraser's experience in finance and operations makes him suitable for the role, while Martin brings his expertise in internal audit to improve governance and financial procedures. Oganyan's specialization in cannabis law, licensing, and regulatory compliance aids in legal matters for the Company -
PRESS RELEASE
Planet 13 to Restate Certain Previously Issued Financial Statements
Planet 13 Holdings Inc. announces the material errors in its financial statements due to the misappropriation of $22.0 million and the need to amend the reports as soon as practicable. The company's shares trade under the symbols PLTH and PLNH. -
PRESS RELEASE
Planet 13 Provides Further Update Regarding Access to Certain Cash Accounts
Planet 13 Holdings Inc., a leading vertically-integrated multi-state cannabis company, provides an update on the ongoing litigation involving Casa Verde Capital, El Capitan Advisors, and the Orange County Sheriff's Office. The company has secured a partial settlement and initiated a lawsuit in California seeking compensatory damages over a misappropriation of funds managed by El Capitan. Despite the near-term expenses, Planet 13 anticipates minimal impact on its ongoing business operations and liquidity requirements. Legal counsel has been engaged, and an internal investigation is ongoing. The company is committed to reclaiming the entrusted funds through all available means and cooperation with law enforcement. However, the potential actions by regulatory authorities remain uncertain. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH. -
PRESS RELEASE
Planet 13 Announces Annual Meeting Date and Record Date and Shareholder Proposal Deadline
Planet 13 Holdings Inc., a leading multi-state cannabis company, will hold its 2024 Annual Meeting on June 11, 2024, using a hybrid meeting format, both physically and virtually. Shareholders are provided with deadlines for submitting proposals for inclusion in the proxy statement and for director nominations. The company's mission is to build a recognizable global brand for world-class dispensary operations and innovative cannabis products. Find out more about Planet 13 on their website. -
PRESS RELEASE
Planet 13 Enters into Definitive Agreement to Sell Its Medical Marijuana Treatment Center License in Florida in Connection with the Previously Announced Definitive Agreement to Acquire Vidacann
Planet 13 Holdings Inc. has entered into a stock purchase agreement to sell all of the issued and outstanding shares of common stock of Planet 13 Florida, Inc. to SGW FL Enterprises, LLC. The sale of the surplus license will help facilitate closing and integrating VidaCann, a previously announced proposed acquisition. The transaction is expected to close in the first quarter of 2024. -
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PRESS RELEASE
Planet 13 Enters into Settlement Agreement
