Planet 13 Announces Grant of RSU

Core Viewpoint - Planet 13 Holdings Inc. has granted 9,500,000 Restricted Stock Units (RSUs) to its officers, directors, and employees as part of its 2023 Equity Compensation Plan, which aims to enhance employee retention and align interests with shareholders [2]. Company Overview - Planet 13 is a vertically integrated cannabis company with operations in Nevada, Illinois, and Florida, known for its award-winning cultivation, production, and dispensary operations [3]. - The company operates the largest dispensary in the U.S., located in Las Vegas, and has recently opened its first consumption lounge, DAZED!, along with its first dispensary in Illinois [3]. - Planet 13's mission is to establish a globally recognized brand known for high-quality dispensary operations and innovative cannabis products [3]. - While cannabis activities are legal in the states where Planet 13 operates, they remain illegal under U.S. federal law [3]. Equity Compensation Plan - The 2023 Equity Compensation Plan, approved by shareholders, includes the awarding of RSUs that will vest in three equal tranches: upon grant, on May 16, 2026, and on May 16, 2027 [2].