Vireo Growth Inc. to Acquire Planet 13 Holdings Inc.
The deal would add 36 dispensaries and 2.3 million square feet of expandable cultivation and production facilities, Vireo said.
- On Monday, July 27, 2026, Vireo Growth Inc. announced a definitive merger agreement to acquire Planet 13 Holdings Inc. in an all-stock transaction combining two vertically integrated cannabis companies across Nevada, Florida, and Illinois.
- Vireo CEO John Mazarakis said the acquisition represents a "significant milestone" for the company's growth strategy, deepening Vireo's presence in limited-license markets to enhance operating scale and drive long-term shareholder value.
- The deal offers Planet 13 shareholders a 24% premium over the July 24, 2026, closing price, converting shares at 0.015383618 of a Vireo subordinate voting share while adding 36 dispensaries and 2.3 million square feet of expandable cultivation capacity in Nevada.
- Vireo plans to integrate operations with a focus on optimizing efficiency, product quality, and customer experience, with Planet 13 Co-CEOs Larry Scheffler and Bob Groesbeck calling Vireo the "right long-term steward" for the business.
- Upon closing, Planet 13 shares are expected to be delisted from the Canadian Securities Exchange and withdrawn from the OTCQX Market. Vireo expects to operate approximately 265 dispensaries across 15 states, positioning it as the largest U.S. cannabis operator by dispensary count.
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Vireo Growth Announces Acquisition of Planet 13 Holdings, Unifying Las Vegas Superstore Assets
LAS VEGAS, NV — Multi-state cannabis operator Vireo Growth Inc. (OTC: VREOF) has entered into a definitive merger agreement to acquire Planet 13 Holdings Inc. (OTC: PLNH), bringing one of Las Vegas’s most iconic retail dispensary operations under unified corporate ownership. The transaction represents one of the largest regional consolidations in the post-secondary commercial cannabis market. Expanding Footprint Along the Resort Corridor Under t…
Vireo Growth Inc. to Acquire Planet 13 Holdings
MINNEAPOLIS and LAS VEGAS — Planet 13 Holdings Inc. will merge into Vireo Growth Inc. in an all-stock transaction. According to the merger agreement, each share of common Planet 13 stock will be converted into 0.015 of a Vireo subordinate voting share. According to the companies, the exchange value represents a 16.6% premium over Planet 13’s 20-day volume weighted average price per share as of July 24, 2026 and a 24% premium over Planet 13’s clo…
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