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September 10, 2020

Planet 13 Completes $23 Million Bought Deal Prospectus Offering

Planet 13 Holdings Inc. (“Planet 13”) (CSE:PLTH) (OTCQX:PLNHF), a leading vertically-integrated Nevada cannabis company, completed a public offering of 6,221,500 units (the “Units”) at a price of $3.70 per Unit for aggregate gross proceeds of approximately $23 million (the “Offering”). The net proceeds from the Offering will be used by Planet 13 for retail expansion outside of Nevada and for working capital and general corporate purposes.

The Offering was conducted by a syndicate of underwriters co-led by Beacon Securities Limited and 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, Joel Fraser and Jessica Sorbara (corporate/securities) and Katy Pitch and Marija Tasevska (tax).