M&A/Shareholder vote/2026/Planet 13 Holdings Inc.
Planet 13 Holdings Inc. PLTH
Vireo Growth Inc. is buying Planet 13 Holdings Inc. (PLTH), paying holders in stock. Operates cannabis dispensaries and entertainment complexes, including a superstore in Las Vegas.
Holders get
Stock
0.015383618 of a subordinate voting share of Vireo Growth
Deal value
Not given
Expected close
Not given
Status
Pending
Checked
See the filing →
Filed
What has happened
Agreement signed · See the filing
Holders sent the terms and a meeting date
What must happen first
approval of the merger proposal by the affirmative vote of the holders of a majority of the outstanding shares of Planet 13 common stock
the affirmative vote of a simple majority of the votes cast by holders of Planet 13 common stock, excluding shares held or controlled by the founders and their respective affiliates and other persons described in items (a) through (d) of Section 8.1(2) of Multilateral Instrument 61 – 101 — Protection of Minority Security Holders in Special Transactions
Vireo Growth receive an opinion from Eversheds Sutherland (US) LLP, dated as of the closing date of the merger, to the effect that the merger will qualify as a "reorganization" within the meaning of Section 368(a) of the Code
Planet 13 receive an opinion from Cozen O'Connor, dated as of the closing date, to the effect that the merger will qualify as a "reorganization" within the meaning of Section 368(a) of the Code
The board says
unanimously recommends that Planet 13 stockholders vote "FOR" the merger proposal