Planet 13 Completes $69 Million Bought Deal Prospectus Offering

February 02, 2021

Planet 13 Holdings Inc. (“Planet 13”) (CSE:PLTH) (OTCQX:PLNHF), a leading vertically-integrated Nevada cannabis company, completed a public offering of 9,861,250 units (the “Units”) at a price of $7.00 per Unit for aggregate gross proceeds of approximately $69 million (the “Offering”). The net proceeds from the Offering will be used by Planet 13 for potential acquisitions for purposes of retail, cultivation and production 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, Jessica Sorbara and Julian Lupo (corporate/securities) and Katy Pitch and Marija Tasevska (tax).