Mr. Robert Groesbeck reports

PLANET 13 RECEIVES OMMU APPROVAL FOR FLORIDA BHO EXTRACTION FACILITY

Planet 13 Holdings Inc.'s Florida operations have received approval from the Florida Office of Medical Marijuana Use for its BHO extraction facility. The approval completes the final major infrastructure investment in Planet 13 Florida's operational buildout and enables the company to serve Florida's full concentrate category for the first time.

"Receiving OMMU approval and bringing this facility on line is a significant milestone in our Florida repositioning and allows us to compete in these important product categories," said Robert Groesbeck, co-chairman and co-chief executive officer of Planet 13 Holdings. "We've invested meaningfully in cultivation quality, postharvest processing and now extraction infrastructure. With this facility operational, we're positioned to serve the full Florida concentrate category for the first time. This is the kind of structural improvement that drives margin expansion and gives our patients a complete product selection."

The approximately 3,465-square-foot purpose-built laboratory supports production of six BHO concentrate formats: Badder, Shatter, Crumble, Sugar, Sauce and Diamonds, as well as Live Resin Disposable and C-Cell vaporizer cartridges. Products will be available at Planet 13 Florida dispensary locations in the coming months as products are approved. According to Headset market data, Florida's concentrate segment generated approximately $125-million in retail sales, a category in which Planet 13 Florida's participation was previously limited.

About Planet 13 Holdings Inc.

Planet 13 is a vertically integrated cannabis company, with award-winning cultivation, production and dispensary operations across its locations in Nevada, Illinois and Florida. Home to the nation's largest dispensary, located just off The Strip in Las Vegas, Planet 13 continues to expand its footprint with the recent debut of its first consumption lounge in Las Vegas, DAZED!, the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13 operates dispensaries across Florida, a key market in its expansive footprint. Planet 13's mission is to build a recognizable global brand known for world-class dispensary operations and innovative cannabis products. Licensed cannabis activity is legal in the states Planet 13 operates in but remains illegal under United States federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH.

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