Planet 13 Announces Grant of RSUs
Planet 13 Holdings has announced the grant of Restricted Stock Units (RSUs) to its officers, directors, and employees on March 31, 2025. Under the company's 2023 Equity Compensation Plan, a total of 13,776,345 RSUs were awarded, with 9,255,085 RSUs allocated to directors and officers, and 4,521,260 RSUs to employees. The RSUs will vest in three equal portions on May 16 of 2026, 2027, and 2028, subject to potential variations according to the Plan's terms.
Planet 13 Holdings ha annunciato l'assegnazione di Unità di Azioni Riservate (RSU) ai suoi dirigenti, membri del consiglio e dipendenti il 31 marzo 2025. Nell'ambito del Piano di Compensazione Azionaria 2023 dell'azienda, sono state assegnate un totale di 13.776.345 RSU, con 9.255.085 RSU destinate a dirigenti e membri del consiglio, e 4.521.260 RSU ai dipendenti. Le RSU matureranno in tre porzioni uguali il 16 maggio del 2026, 2027 e 2028, soggette a potenziali variazioni secondo i termini del Piano.
Planet 13 Holdings ha anunciado la concesión de Unidades de Acciones Restringidas (RSUs) a sus oficiales, directores y empleados el 31 de marzo de 2025. Bajo el Plan de Compensación de Capital 2023 de la compañía, se otorgaron un total de 13,776,345 RSUs, con 9,255,085 RSUs asignadas a directores y oficiales, y 4,521,260 RSUs a empleados. Las RSUs se consolidarán en tres partes iguales el 16 de mayo de 2026, 2027 y 2028, sujetas a posibles variaciones de acuerdo con los términos del Plan.
Planet 13 Holdings는 2025년 3월 31일에 임원, 이사 및 직원에게 제한 주식 단위(RSU)를 부여한다고 발표했습니다. 회사의 2023년 주식 보상 계획에 따라 총 13,776,345 RSU가 수여되었으며, 그 중 9,255,085 RSU는 이사 및 임원에게, 4,521,260 RSU는 직원에게 할당되었습니다. RSU는 2026년, 2027년 및 2028년 5월 16일에 세 번에 걸쳐 동일한 비율로 귀속되며, 계획의 조건에 따라 변동이 있을 수 있습니다.
Planet 13 Holdings a annoncé l'octroi de Units d'Actions Restreintes (RSUs) à ses dirigeants, administrateurs et employés le 31 mars 2025. Dans le cadre du Plan de Compensation en Actions 2023 de l'entreprise, un total de 13.776.345 RSUs a été attribué, dont 9.255.085 RSUs allouées aux administrateurs et dirigeants, et 4.521.260 RSUs aux employés. Les RSUs seront acquises en trois portions égales le 16 mai 2026, 2027 et 2028, sous réserve de variations potentielles selon les termes du Plan.
Planet 13 Holdings hat die Gewährung von Restricted Stock Units (RSUs) an seine Führungskräfte, Direktoren und Mitarbeiter am 31. März 2025 bekannt gegeben. Im Rahmen des Eigenkapitalvergütungsplans 2023 des Unternehmens wurden insgesamt 13.776.345 RSUs vergeben, wobei 9.255.085 RSUs an Direktoren und Führungskräfte und 4.521.260 RSUs an Mitarbeiter zugewiesen wurden. Die RSUs werden in drei gleichen Teilen am 16. Mai 2026, 2027 und 2028 fällig, vorbehaltlich möglicher Abweichungen gemäß den Bedingungen des Plans.
- Implementation of employee retention strategy through long-term vesting schedule
- Alignment of management and employee interests with shareholders through equity compensation
- Significant shareholder dilution potential with 13.7 million new RSUs being issued
LAS VEGAS, April 01, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, announced that it 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 (the “Plan”), a total of 13,776,345 RSUs were awarded to officers, directors, and employees. 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
Planet 13 (https://planet13.com) 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!, 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 U.S. federal law. Planet 13's shares trade on the Canadian Securities Exchange (CSE) under the symbol PLTH and are quoted on the OTCQX under the symbol PLNH. To learn more, visit planet13.com and follow Planet 13 on X @ShopPlanet13 and on Instagram @planet13official_.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are often, but not always, identified by phrases such "plans", "expects", "proposed", "may", "could", "would", "intends", "anticipates", or "believes", or variations of such words and phrases. In this news release, forward-looking statements relate to information pertaining to the vesting of the RSUs. Such forward-looking statements reflect what management of the Company believes, or believed at the time, to be reasonable assumptions and accordingly readers are cautioned not to place undue reliance upon such forward-looking statements and that actual results may vary from such forward-looking statements. These assumptions, risks and uncertainties which may cause actual results to differ include, among others, those assumptions, risks and uncertainties discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and any of the Company's subsequent periodic reports filed with the U.S. Securities and Exchange Commission at www.sec.gov and on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made only as to the date of this press release and we assume no obligation to update or revise any forward-looking statements should they change, except as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further inquiries, please contact:
Planet 13 Investors:
Robert Groesbeck or Larry Scheffler
Co-Chief Executive Officers
ir@planet13lasvegas.com
Planet 13 Media:
Colin Trethewey / PRmediaNow Communications
Colin@PRmediaNow.com
