Mr. Robert Groesbeck reports

PLANET 13 ANNOUNCES OMMU APPROVAL FOR PROPOSED SALE OF PLANET 13 FLORIDA AND ACQUISITION OF VIDACANN

Planet 13 Holdings Inc. has received approval for the proposed sale of Planet 13 Florida Inc. and approval for the proposed acquisition of VidaCann LLC, each of which owns a medical marijuana treatment centre licence, from the Florida Office of Medical Marijuana Use (OMMU).

The approvals from the OMMU for the sale of Planet 13 Florida and the acquisition of VidaCann (together, the "Transactions") are the final regulatory approvals required for Planet 13 to close the Transactions. The Company has extended the end date of the VidaCann acquisition to May 31, 2024 and currently expects to close the Transactions in May 2024.

About Planet 13

Planet 13 (https://planet13.com/investors/) is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois, and upcoming sites in Florida. Home to the nation's largest dispensary located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint. With the recent debut of its first consumption lounge in Las Vegas, DAZED!, and the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13 holds a medical marijuana treatment center license in Florida allowing for state-wide expansion throughout the Sunshine State. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH.

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