Vireo Growth to acquire Planet 13 in share-for-share deal at 16.6% premium
PLNH•Termination fee
The merger agreement includes a termination fee of USD 1.8 million payable by Planet 13 in specified scenarios.
Exchange ratio and asset details
The exchange ratio implies a 16.6% premium to Planet 13’s 20-day VWAP as of July 24, 2026.
The assets add 36 dispensaries, three cultivation and production sites, and Nevada expansion capacity of up to 2.3 million square feet.
Vireo Growth agrees to buy Planet 13 in all-share merger
Vireo Growth agreed to acquire Planet 13 in an all-share deal under a definitive merger agreement.
Planet 13 shareholders are to receive 0.02 of a Vireo subordinate voting share per Planet 13 share.
