Mr. Bob Groesbeck reports

PLANET 13 LAUNCHES NEW MEDIZIN BRANDED TOPICALS - INTRODUCING MEDIZIN REST, RECOVERY AND RELIEF

Planet 13 Holdings Inc. has rolled out its latest innovation with the launch of its new cannabidiol hemp- and cannabis-derived topical line under the esteemed Medizin brand. These products will be available in-store, reach customers through wholesale channels and the hemp-derived products will be available on-line, marking an exciting expansion of Planet 13's product offerings. The cannabis-derived Medizin topicals will be manufactured at the Planet 13 superstore in the state-of-the-art production facility where visitors can watch products being made, further enhancing the immersive customer experience that Planet 13 is renowned for.

"We've experienced great success with our topical offerings both in-store and on-line. Introducing a Medizin branded topical line perfectly aligns with our strategic goals in Nevada, allowing us to leverage our production facility to expand our brand presence and boost wholesale revenue," explained Bob Groesbeck, co-chief executive officer of Planet 13. "We're thrilled to secure the Nevada rights to Ovation Science's patented technology and to harness the strength of our beloved Medizin brand to dominate a new product category. This endeavour marks a significant stride towards optimizing our production facility, driving revenue growth and enhancing our gross margins."

Planet 13's Medizin topicals will incorporate Ovation Science Inc.'s patented skin delivery technology Invisicare. With over 20 years of research and development behind it, Invisicare facilitates enhanced delivery of CBD, THC (tetrahydrocannabinol) and other cannabinoids through the skin. In a recent in-house study, Ovation compared five leading CBD brands with their own topical CBD cream. The results showed that competitor creams released less than 2 per cent CBD, while Ovation Science's formulation achieved an impressive 40-per-cent release rate.

The new topicals that are now available include:

Medizin Rest

3:1 ratio -- 375 milligrams (mg) CBD and 125 mg THC -- a CBD-infused transdermal cream crafted to alleviate soreness and discomfort to foster relaxation for a restful night's sleep.

Medizin Recovery

1:1 ratio -- 250 mg CBD and 250 mg THC -- an ideal blend of CBD and THC to unlock the combined benefits of both cannabinoids to conjure the entourage effect

Medizin Relief

1:10 ratio -- 50 mg CBD and 500 mg THC -- a THC-dominant transdermal cream designed to provide relief, complemented by CBD to balance the effects.

Planet 13 Pure CBD

Planet 13 Pure CBD with 400 mg CBD per jar. A transdermal CBD cream designed to provide relief and promote relaxation.

About Planet 13 Holdings Inc.

Planet 13 is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in California, Nevada, Illinois and coming 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 centre licence 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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