Planet 13 Holdings Inc. entered into a definitive merger agreement to be acquired by Vireo Growth Inc. on July 27, 2026.
The all-stock transaction provides Planet 13 shareholders with 0.015383618 of a Vireo subordinate voting share for each share held.
This exchange ratio represents a 24% premium over the July 24, 2026, closing price. The deal also reflects a 16.6% premium over the 20-day volume-weighted average price.
The acquisition is subject to customary closing conditions and approval from Planet 13 stockholders. The companies disclosed the transaction through a joint press release and Form 8-K filing.