Mr. Robert Groesbeck reports

PLANET 13 ANNOUNCES GRANT OF RSUS

Planet 13 Holdings Inc. granted restricted stock units (RSUs) to certain of its officers, directors and employees after market close on March 31, 2025.

Pursuant to the terms of the company's 2023 equity compensation plan that was previously approved by shareholders, a total of 13,776,345 RSUs were awarded to officers, directors and employees. A total of 9,255,085 of the RSUs were awarded to directors and officers, and 4,521,260 were awarded to employees. All RSUs will vest in three equal tranches, on May 16, 2026, May 16, 2027, and May 16, 2028, unless otherwise varied pursuant to the terms of the plan.

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 31 dispensaries across Florida, a key market in its expansive footprint, bringing its total to 35 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 United States federal law.

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