Planet 13 Completes Acquisition of California Dispensary License and Assets

May 21, 2020

Planet 13 Holdings Inc. (CSE:PLTH), a leading vertically-integrated Nevada cannabis company, completed its acquisition of all of the issued and outstanding common stock of Newtonian Principals, Inc., resulting in Planet 13 acquiring a California cannabis sales license held by Newtonian, and a 30-year lease for a dispensary in Santa Ana, California and certain other assets from Warner Management Group, LLC.

The acquisition represented a major step towards Planet 13’s first location in California.

Wildeboer Dellelce LLP represented Planet 13 with a team that included Charlie Malone, Ragu Anantharajah and Sarim Ali (corporate/securities and mergers & acquisitions).