Mr. Larry Scheffler reports

PLANET 13 UNVEILS DAZED! CONSUMPTION LOUNGE AT THE WORLD'S LARGEST DISPENSARY IN LAS VEGAS

Planet 13 Holdings Inc. has released plans and renderings for its much-anticipated consumption lounge, Dazed!, at the Las Vegas SuperStore. Dazed! is a first-of-its-kind, high-end consumption lounge with VIP booths, expertly crafted canna-cocktails and unique bong chandeliers. With 3,000 square feet of mixed-used food, consumption and entertainment space, the Dazed! lounge will redefine the cannabis experience for tourists and local customers alike.

"We're thrilled to share our exciting plans for our trailblazing cannabis consumption lounge. From day 1, our goal has been to out-Vegas Vegas, and this is another big step in that direction. It's an extraordinary space for cannabis novices, connoisseurs, tourists and locals to enjoy cannabis while experiencing world-class entertainment," said Larry Scheffler, co-chief executive officer of Planet 13. "One of the main goals for this year was to increase the utilization of the SuperStore to drive more traffic and revenue while improving cost structure and operating margins. We are executing on that goal while continuing to define Planet 13 as a differentiated retail brand with national recognition."

The Dazed! lounge promises to offer an exceptional experience. Customers will enter through a secret phone-booth door and enter a new world of eclectic art designed to delight the senses with colour and illusion. With versatile seating for any occasion, Dazed! is ready to host a solo session or big group outing, with each spot offering a different view and experience of the lounge.

The Dazed! lounge is an ideal destination for game days and special events, with reservable VIP booths, each featuring their own flatscreen television. Browsing the Dazed! tasting menu, customers will find superior cannabis offerings, including flower, concentrates, vapes, edibles and specialty crafted canna-cocktails.

Planet 13 is already a must-see destination for experiential retail and entertainment. The new consumption lounge promises to elevate that experience to new heights. The Dazed! lounge is expected to open by April 20, 2024.

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 United States federal law.

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