Vireo Growth to acquire Planet 13 in share-for-share deal at 16.6% premium

Reuters2026/07/27 10:45

By:Reuters

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

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. Planet 13 Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607270645PRIMZONEFULLFEED9788349) 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 to acquire Planet 13 in share-for-share deal at 16.6% premium

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