Vireo Growth agrees to acquire Planet 13 in share-swap deal

Reuters2026/07/27 10:45

By:Reuters

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Vireo agreed to acquire Planet 13 in an all-stock deal, valuing the offer at a 16.6% premium to Planet 13’s 20-day VWAP.
Planet 13 shareholders will receive 0.015383618 of a Vireo subordinate voting share for each Planet 13 common share.
Assets added include 36 dispensaries, three cultivation and production sites, Nevada expansion capacity up to 2.3 million square feet, distribution and consumption licenses.
Vireo expects the deal to deepen its scale in Nevada and Florida, while adding a foothold in Illinois through a Waukegan dispensary.
The merger agreement includes a termination fee of USD 1.8 million payable by Planet 13 in specified circumstances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vireo Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607270645PRIMZONEFULLFEED9788338) on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Vireo Growth agrees to acquire Planet 13 in share-swap deal

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