Vireo Growth Inc. to Acquire Planet 13 Holdings Inc.

Vireo Growth Inc. (VREOF), a vertically integrated cannabis company, has entered into a definitive merger agreement to acquire all issued and outstanding equity interests of Planet 13 Holdings Inc. (PLNH). The transaction, structured as a merger, will convert each Planet 13 common stock share into 0.015383618 of a Vireo subordinate voting share, representing a 16.6% premium over Planet 13's 20-day volume weighted average price as of July 24, 2026.