Mr. Robert Groesbeck reports

PLANET 13 ANNOUNCES INTENDED COMPLETION OF CHANGE IN DOMICILE TO NEVADA AND INTENDED OTC MARKET AND TRADING SYMBOL CHANGE

Planet 13 Holdings Inc. intends to complete its previously announced plan of arrangement pursuant to which the company will be continued from the jurisdiction of the Business Corporations Act (British Columbia) and domesticated under the Nevada Revised Statutes to the state of Nevada.

The Nevada domestication was overwhelmingly approved by shareholders at Planet 13's annual general and special meeting of shareholders held on Thursday, July 27, 2023. The B.C. Supreme Court issued its final order on Aug. 3, 2023. The company expects the Nevada domestication to be completed on Sept. 15, 2023, after market close and when the necessary filings are made with, and made effective by, the secretary of state of the State of Nevada.

Upon completion of the Nevada domestication, each issued and outstanding common share will for all purposes be deemed to be one issued share of common stock of the company. In connection with the Nevada domestication, the company expects that, effective at market open on Sept. 18, 2023, the company's common stock will begin quotation on the OTCQX U.S. market rather than the OTCQX International market, and the OTCQX ticker symbol for the company's common stock will change from PLNHF to PLNH. The intended change in the OTC market reflects the company becoming a Nevada corporation following the Nevada domestication, and the new ticker symbol reflects the removal of the OTC foreign company designation following the Nevada domestication. No action is required by shareholders with respect to the OTC market or ticker symbol change. The company's common stock is expected to continue to trade on the Canadian Securities Exchange under the ticker symbol PLTH. The Cusip number is also expected to change from 72706K101 to 72707C108.

In addition, the Planet 13 2023 equity incentive plan is intended to become effective as of Sept. 15, 2023, upon completion of the Nevada domestication, replacing the Planet 13 2018 stock option plan and the Planet 13 2018 share unit plan, as amended. All outstanding awards granted under the prior plans as of the Nevada domestication will remain subject to the terms of the prior plans.

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 creating innovative cannabis products. Licensed cannabis activity is legal in these states but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange under the symbol PLTH and are quoted on the OTCQX under the symbol PLNHF.

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