Mr. Robert Groesbeck reports

PLANET 13 ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Planet 13 Holdings Inc. has released the results for each item of business considered at Planet 13's annual general and special meeting of shareholders held on Thursday, July 27, 2023.

Election of directors

An attached table sets out the percentage of shares voted in respect of the election of directors.

Reappointment and remuneration of auditor

A total of 98.1 per cent of shares voted were in favour of reappointing Davidson & Company LLP as auditor of the company for the ensuing year and authorizing the board of directors of the company to fix the remuneration to be paid to the auditor.

Nevada domestication

The special resolution to approve the proposed plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) involving, among other things, the continuance of the company out of British Columbia and the concurrent domestication of the company to the state of Nevada was resoundingly passed, with 99.5 per cent the votes cast voting in favour of the arrangement resolution. The arrangement resolution required the approval of not less than 66-2/3rds per cents of the votes cast by the shareholders present in person or by proxy at the annual general and special meeting.

The company anticipates completing the Nevada domestication on or about Sept. 1, 2023, subject to, among other things, receipt of a final order of the Supreme Court of British Columbia, which is expected to be obtained at a final order hearing on Aug. 3, 2023, the company's determination that it will not incur a material amount of Canadian income tax at the effective time of the Nevada domestication, as well as a number of other conditions as set out in the company's proxy statement dated June 22, 2023, and filed with the United States Securities and Exchange Commission and under the company's issuer profile on SEDAR.

2023 equity incentive plan

A total of 98.48 per cent of the votes cast were voted in favour of passing an ordinary resolution to approve and adopt the 2023 equity incentive plan. The 2023 equity incentive plan is expected to become effective upon the completion of the Nevada domestication.

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 conditional social-equity justice involved 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.