Planet 13 Holdings is trading 6.56% up now at $0.13 after continued investor attention surrounding its definitive all-stock merger agreement with Vireo Growth.
- The transaction would exchange each Planet 13 share for 0.015383618 Vireo shares.
- It represented premiums of 16.6% to the 20-day volume-weighted average price and 24% to the July 24 closing price.
- Vireo’s August 11 financial-results announcement also highlighted the pending merger.