Mr. Larry Scheffler report

PLANET 13 APPOINTS LEE FRASER AS BOARD MEMBER AND AUDIT COMMITTEE CHAIR

Planet 13 Holdings Inc. has appointed Lee Fraser as a board member and the new audit committee chair to fill the vacancy created by the passing of Mike Harman. Mr. Fraser will also serve on the corporate governance and nominating committee and compensation committee of the board.

Mr. Fraser is an accomplished CFO and finance and accounting executive with over 20 years of experience at publicly traded companies and private businesses. He has overseen financial reporting, large-scale construction projects and managed real estate portfolios for renowned companies, such as Warner Bros., Fox Corp. and many others.

"As we continue to prioritize strong financial governance and strategic decision-making, we are thrilled to welcome Mr. Fraser as our new audit committee chair and board member," said Larry Scheffler, co-chief executive officer of Planet 13. "His deep knowledge in real estate and construction will be invaluable as we execute multiple growth projects across three different states. We look forward to working closely with him as we navigate the fast-moving cannabis industry."

In his role as audit committee chair and board member, Mr. Fraser will bring his wealth of experience and knowledge to oversee and guide the organization's audit processes, financial reporting and internal controls. The company expects his strategic insights, construction, and real estate knowledge and commitment to excellence will contribute to the overall success and governance of the organization as Planet 13 continues to expand its operations into more states. The appointment remains subject to regulatory background investigations.

Mr. Fraser holds a master of business administration from UCLA Anderson School of Management and a bachelor of commerce (honours) from Telfer School of Management, University of Ottawa, Canada.

About Planet 13 Holdings Inc.

Planet 13 is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations in Las Vegas and in Orange county, California. Planet 13 also holds a medical marijuana treatment centre licence in Florida and a dispensing licence in the Chicago-region of Illinois. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and a creator of innovative cannabis products.

We seek Safe Harbor.