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Agreement signedPublished 5 Aug 2022

Planet 13 Holdings Inc. /
Planet 13 Illinois, LLC

Planet 13 Holdings Inc. secures option to acquire Illinois ownership interest

Terms
Not stated
Stage
Agreement signed
Source · 5 Aug 2022
See the source
01 / BuyerPlanet 13 Holdings Inc.
02 / TargetPlanet 13 Illinois, LLC
01

What happened

Planet 13 Holdings Inc. entered into an agreement with Frank Cowan, IV for an option to purchase his 51% ownership interest in Planet 13 Illinois, LLC. The option is exercisable at the company’s discretion for two years, subject to regulatory approval and licensing conditions.

The stated consideration is $866,250 in cash and 1,063,377 common shares valued at $2,000,000 based on a 5-day VWAP.

02

The source

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01
Source · Source

Planet 13 Holdings Inc. secures option to acquire Illinois ownership interest

This document is the source for the companies, stage and people on this page.

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03

Timeline

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