Planet 13 Secures OMMU Approval for Strategic Florida Transactions

Planet 13 Holdings Inc., a prominent vertically-integrated multi-state cannabis operator, confirmed receiving the necessary Florida Office of Medical Marijuana Use (OMMU) approvals to proceed with critical business transactions in the state. These include the sale of Planet 13 Florida, Inc. and the acquisition of VidaCann, LLC. Both entities hold essential Medical Marijuana Treatment Center Licenses.

The approvals are the final regulatory steps required for Planet 13 to complete these transactions. The company has also moved the deadline for the VidaCann acquisition to May 31, 2024, with expectations to finalize all transactions within the same month.