Mr. Robert Groesbeck reports

PLANET 13 STRENGTHENS FLORIDA FOOTPRINT PANAMA CITY DISPENSARY OPENING

Planet 13 Holdings Inc. will open Planet 13 Panama City on Dec. 27, 2024, the company's 30th dispensary in Florida and 34th nationwide. Planet 13 Panama City is located at 309 East 23rd St., Panama City, Fla., and will be open Monday through Sunday from 8 a.m. to 8 p.m.

The 1,600-square-foot facility will serve as a key access point for patients in the growing Panama City market, furthering Planet 13's mission to provide safe, high-quality cannabis products throughout the state.

"We are excited to announce the opening of our 30th Florida dispensary in Panama City, bringing the Planet 13 experience to patients in the Panhandle," said Larry Scheffler, co-chief executive officer of Planet 13. "Located in an area with strong consumer spending and high traffic visibility, this dispensary offers excellent potential for long-term growth. With convenient access to shopping, dining and the beach, Panama City's vibrant, diverse community makes it an ideal location for our continued expansion on the Gulf coast."

Planet 13 Panama City Beach is strategically located at 309 East 23rd St., a high traffic area with over 34,000 vehicles passing daily. This prime location offers convenient access, reinforcing Planet 13's commitment to expanding its presence in key Florida markets and delivering high-quality cannabis products to a growing customer base.

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 California, 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!, and the opening of its first Illinois dispensary in Waukegan, bringing unparalleled cannabis experiences to the Chicago metro area. Planet 13 operates 30 dispensaries across Florida, a key market in its expansive footprint, bringing its total to 34 locations nationwide. 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 U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH.

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