Planet 13 Completes $11.5 Million Bought Deal Prospectus Offering

July 03, 2020

Planet 13 Holdings Inc. (“Planet 13”) (CSE:PLTH) (OTCQX:PLNHF), a leading vertically-integrated Nevada cannabis company, completed a public offering of 5,359,000 units (the “Units”) at a price of $2.15 per Unit for aggregate gross proceeds of approximately $11.5 million (the “Offering”). The net proceeds from the Offering will be used for Planet 13’s expansion of its cultivation capabilities in Nevada, retail expansion outside of Nevada and for working capital and general corporate purposes.

The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited, and including Canaccord Genuity Corp.

Wildeboer Dellelce LLP acted for Planet 13 in connection with the Offering with a team that consisted of Charlie Malone, Ragu Anantharajah and Jessica Coco (corporate/securities) and Katy Pitch and Marija Tasevska (tax).