Planet 13 Holdings, Inc. (TSE:PLTH) has released an update.
Planet 13 Holdings Inc. has launched an underwritten public offering of units, comprising shares of common stock and warrants, with the aim of raising capital for working capital and general corporate purposes. These purposes include potential acquisition of retail cannabis licenses and expansion of retail operations in Nevada, Florida, and Illinois. The offering’s completion, size, and terms are dependent on market conditions, and the units are available under a shelf registration statement effective since October 2023.
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