Planet 13 Announces Commencement of Underwritten Public Offering of Units
Summary
LAS VEGAS, Mar 04, 2024 /CNW/ - Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) ("Planet 13" or the "Company"), today announced that it has commenced an underwritten public offering (the "Offering") of units (the "Units"), each Unit expected to consist of one share (each, a "Share") of common stock, no par value, of the Company ("Common Stock") and one warrant (each, a "Warrant") to purchase one share of Common Stock. Planet 13 holds a medical marijuana treatment center license in Florida allowing for state-wide expansion throughout the Sunshine State. Planet 13s 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. These forward-looking statements are based on the Companys current projections and expectations about future events and financial trends that management believes might affect the Offering, including whether or when the Offering may be completed and the actual size or terms of the Offering, the Companys financial condition, results of operations, business strategy and financial needs, and on certain assumptions and analysis made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate.Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein.