Mr. Robert Groesbeck reports

PLANET 13 CONTINUES STRATEGIC FLORIDA EXPANSION WITH UPCOMING SARASOTA STORE OPENING

Planet 13 Holdings Inc. has released the location for its next Florida dispensary in Sarasota at 2460 Stickney Point Rd., scheduled to open Aug. 21, 2026.

The dispensary sits along a high-traffic retail corridor at the intersection of Stickney Point Road and Highway 41 (Tamiami Trail), the primary route to Siesta Key and its world-famous beaches. The location serves a high-income coastal market with strong year-round demand from both residents and seasonal visitors.

"Sarasota is one of Florida's most affluent coastal communities, and it's exactly the type of market where our retail model performs best," said Bob Groesbeck, co-chief executive officer of Planet 13. "The combination of a strong year-round residential population, seasonal visitor traffic and a more mature, health-care-oriented demographic aligns naturally with Florida's medical cannabis program, and we expect this store to be a consistent performer from day 1."

The 2,600-square-foot dispensary reflects Planet 13's capital-efficient Florida store model, combining low buildout costs and attractive store-level economics with the company's premium retail standards and flexibility for future merchandising.

The Sarasota store further strengthens Planet 13's Florida retail network and aligns with the company's broader statewide strategy focused on increasing market density, enhancing brand visibility and driving margin expansion.

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 Nevada, Illinois and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas. 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 United States 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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